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Printed N60bn: Emefiele Dismisses Obaseki’s Claim

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Printed N60bn: Emefiele Dismisses Obaseki's Claim

Governor Godwin Emefiele of the Central Bank of Nigeria (CBN), has dismissed a claim by Edo State governor, Godwin Obaseki, who stated that the Federal Government printed N60 billion last month (March 2021) as part of the allocation to states.

Newsrand reported that the Edo governor made this known at the Edo state transition committee stakeholders engagement, which held on Thursday, April 8, 2021.

While lamenting the deteriorating condition of the Nigerian economy, Obaseki maintained that things have changed, and the economy is no longer what it used to be.

“When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share.

“This April, we will go to Abuja and share. By the end of this year, our total borrowings are going to be within N15-N16 trillion. Imagine a family that is just borrowing without any means to pay back and nobody is looking at that, everybody is looking at 2023, everybody is blaming Mr. President as if he is a magician,” Obaseki was quoted as saying.

Countering Obaseki’s claim, Emefiele said while the governor had made an untrue statement, it is the CBN’s responsibility to print money, which he explained is about lending.

The CBN governor stated: “If you understand the concept of printing of money, it is about lending money. That is our job. To print is about lending money.

“So, there is no need of putting all the controversy about the printing of money as if we go into the factory, print the naira and start distributing on the streets.

“It is very inappropriate for people to give colouration to the printing of money as if it is some foreign words coming from the sky.

“It’s important for me to put it this way that in 2015/16, the kind of situation we found ourselves in, we did provide a budget support facility to all the states of this country.

“That loan is still unpaid up till now. We are going to insist on them paying back the money since they are accusing us of giving them loans.”

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Kumuyi Bows To Pressure As He Cancels Crusade Over Threat

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Kumuyi Bows To Pressure As He Cancels Crusade Over Threat

Pastor William Kumuyi of the Deeper Life Bible Church, has finally cancelled the planned crusade in Aba, Abia State.

Kumuyi was said to have cancelled the crusade over rising insecurity and the threat he got since the crusade was announced.

The crusade was scheduled to hold in Aba from Tuesday, May 24, 2022, to Sunday, May 29, but the proscribed Indigenous People of Biafra (IPOB) warned the 80-year-old cleric not to go ahead with it.

Confirming the cancellation, Kumuyi promised to communicate a new venue and date for the crusade to hold.

Also, the Chairman of the crusade’s organising team, Pastor James Akpofure, corroborated the development in a statement.

As there are currently some security challenges at the intended alpha location (Aba, Abia State, Nigeria), the Global Crusade Convener, Pastor (Dr) W.F. Kumuyi commiserates with our people in Abia State and will be praying along for God’s Divine Intervention,” Akpofure said.

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ASUU Strike: Latest ASUU News Roundup For Saturday 21st May 2022

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FG Slams ASUU As Strike Enters Day 50

Good day, here are the latest ASUU news headlines updates for today, Saturday, May 21st, 2022, on Newsrand.

1. ASUU To End Strike As FG Begins Payment Of Arrears

The Academic Staff Union of Universities (ASUU), and the Academic Staff Union of Polytechnics (ASUP), may soon end their ongoing strike, as the Federal Government begins the payment of their minimum wage arrears.

The payment of minimum wage arrears, Newsrand, understands is part of move to put an end to the strike.

2. ASUU, FG To Resume Talks Over Ongoing Strike

The Academic Staff Union of Universities (ASUU), and the Federal Government (FG) may meet on Monday, May 16, 2022, to resume talks over the ongoing strike.

The Chairman of the Federal University of Technology, Minna chapter of ASUU, and member of the union’s National Executive Council (NEC), Dr. Gbolahan Bolarin, disclosed this in an i

3. ASUU Extends Strike

The Academic Staff Union of Universities (ASUU), has extended its ongoing strike for another 12 weeks.

In a statement signed, ASUU president, Prof. Emmanuel Osodeke said the strike extension became effective from Sunday, May 8, 2022, adding that the union took this decision after its National Executive Council (NEC) meeting which started at the Comrade Festus Iyayi National Secretariat, University of Abuja.

4. ASUU Writes UNIJOS Over Minister’s Certificate

The Academic Staff Union of Universities (ASUU), has written to the University of Jos (UNIJOS), demanding a probe and recall of the certificate of Chukwuemeka Nwajiuba, the Minister of State for Education.

ASUU made this move as its strike, which commenced on Monday, February 14, 2022, continues.

5. Striking ASUU Members Don’t Deserve Salaries -FG

Minister of State for Education, Emeka Nwajiuba has stated that the striking members of the Academic Staff Union of Universities (ASUU) don’t deserve to be paid salaries.

Newsrand understands that ASUU went on a strike on Monday, February 14, 2022, a development that had since grounded public universities activities across the country.

6. ASUU: NLC Warns Of Strike If Union Demands Are Not Met

The Nigeria Labour Congress (NLC) has warned the Federal Government of a 3-days nationwide strike if Academic Staff Union of Universities (ASUU) demands are not met in the next 21 days.

This was disclosed by the congress’ Chairman, Ayuba Wabbba, during a pre-May Day rally held in Abuja, stating that within the 21-days ultimatum, a protest will be held.

Visit newsrand.com for more latest news updates on ASUU and other top trending stories/news in Nigeria and around the world.

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Daily Headline News (Friday, 20-5-2022)

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Here are the Top 5 News of the day on Newsrand.

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