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Lifting petrol from Dangote refinery ‘ll moderate FX pressure, says Cardoso

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The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says lifting of petroleum products from the Dangote Refinery will moderate foreign exchange demand pressures.

Cardoso who said this on Tuesday in Abuja, while presenting a communique from the apex bank’s 297th Monetary Policy Committee meeting, said that it would also moderate transportation cost, thereby easing food prices.

“The committee expressed optimism that the lifting of refined petroleum products from Dangote refinery will moderate transportation costs and significantly support the easing of food price pressures in the short to medium term.

This is also expected to moderate foreign exchange demand for importation of refined petroleum products, with a positive spillover on external reserve and improvement in the overall balance of payment position,” he said.

Cardoso also said that an assessment of the performance of Nigeria’s financial institutions indicated that they were stable.

“Members assessed the performance of key financial soundness indicators and noted with satisfaction that inspite of familiar headwinds, the banking industry remains safe, sound, and stable.

“The Committee, however, emphasised the need to sustain supervisory oversight on the industry to strengthen its continued support to the economy,” he said.

On food inflation, Cardoso said that the upside risks remained flooding, hike in energy prices, scarcity of petrol and most importantly, insecurity in farming communities.

He said that, considering the weight of food in the Consumer Price Index (CPI) basket, the MPC recognised the efforts of the Federal Government in addressing insecurity in farming communities.

He stressed the need to remain steadfast.

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” In addition, the MPC applauded the ongoing effort of the Federal Government to bridge the food supply deficit through the duty-free import window for food commodities,” he said. (NAN)

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Southern Kaduna Renewed Hope Extends Congratulations To New Northern CAN Leadership

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By Amos Tauna, Kaduna

The Southern Kaduna Renewed Hope Movement (SKRHM) has urged the newly appointed leadership of the Northern Christian Association of Nigeria (CAN) to view their election as a call to serve humanity with dedication, integrity, and steadfast faith in uplifting the body of Christ.

In a statement issued by its National Coordinator, Yusuf Kanhu, he expressed, “With immense joy and admiration, the Southern Kaduna Renewed Hope Movement (SKRHM) extends heartfelt congratulations to Rev. John Joseph Hayab on his well-deserved appointment as Chairman of the Christian Association of Nigeria (CAN) for the 19 Northern States.

“Your journey of service—from a parish priest to State CAN Chairman, and now to this esteemed position—reflects a divine calling to serve humanity with dedication, integrity, and unwavering faith.”

He further noted that as a Global Peace Ambassador, a non-tribal Nigerian, and a tireless advocate for justice and equity, Rev. Hayab has shown the depth of his commitment to fostering unity, peace, and development within our nation.

“This appointment is not merely a recognition of your past achievements but also a testament to the trust and confidence placed in you to lead at a time when the nation craves voices of reason and reconciliation. The challenges ahead are significant, but we have faith in your wisdom, resilience, and God’s guidance to navigate the responsibilities that accompany this esteemed role.”

Kanhu assured that the movement would provide unwavering support to ensure the success of the Northern CAN mission and prayed that God may grant him the wisdom, strength, and grace to fulfil this noble duty effectively.

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Hon. Larai Leads Initiative To Enhance Healthcare In Jaba LGA

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By Tambaya Julius, Abuja

Hon. Larai Sylvia Ishaku, the Executive Chairman of Jaba Local Government Area, has taken a significant step toward improving healthcare by hosting a Health Advisory Meeting.

The focus of the meeting was to evaluate the Reproductive, Maternal, Newborn, Child, Adolescent Health, and Nutrition (RMNCAH+N) Scorecard, ensuring that healthcare services within the region are enhanced to meet the needs of residents.

During the meeting, Mrs. Alisabatu David Haruna, the Health Secretary of Jaba LGA, provided an in-depth analysis of the RMNCAH+N Scorecard. She outlined crucial performance indicators, key achievements, and critical areas that require immediate intervention, which highlight the strengths and weaknesses within the local health sector, emphasising the urgent need to bolster healthcare services.

Speaking at the event, Hon. Larai Sylvia Ishaku commended the relentless efforts of the health department in ensuring quality healthcare across Jaba LGA.

She reiterated her administration’s dedication to improving maternal and child health services, ensuring that women and children receive the necessary medical attention and support. “I will build a healthier and more resilient Healthcare in Jaba LGA” Hon. Laria stated.

The Chairperson also acknowledged the invaluable support of Governor Uba Sani in advancing healthcare initiatives across Kaduna State. She highlighted the governor’s commitment to strengthening healthcare systems, particularly through policies and interventions that focus on maternal and child health, nutrition, and primary healthcare services.

Hon. Larai assured continued alignment with the governor’s vision of providing accessible, high-quality healthcare to all residents of Jaba LGA.

The meeting brought together key stakeholders, including representatives from the traditional institution, Christian Association of Nigeria (CAN), Jama’atu Nasril Islam (JNI), National Orientation Agency (NOA), and the National Youth Council of Nigeria (NYCN).

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These organisations pledged their unwavering support in raising healthcare awareness and facilitating the implementation of crucial health initiatives within Jaba LGA. Their collaboration will help enhance public health education and ensure that healthcare policies reach grassroots communities.

Hon. Larai reaffirmed that healthcare remains a cornerstone of her administration’s 7-point agenda.

By prioritising healthcare development, her administration seeks to create a robust health system that caters to all residents, particularly women, children, and vulnerable groups.

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JOSTUM shuts down over kidnapping of students in Benue

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Following the kidnapping of four female students of the Joseph Sarwuan Tarka University Makurdi (JOSTUM) the management of the university has ordered the closure of the institution for one week.

A statement from the institution signed by the Registrar, Dr. John David, said the decision to close down the university was arrived at after consultations with relevant agencies and stakeholders.

The mid-semester break, according to the university management was a clear demonstration of solidarity with students and parents affected by the abduction.

The management, the statement continued also announced the indefinite postponement of an inaugural lecture at the university scheduled to hold on Wednesday.

The statement also appealed to the public to remain calm as security agencies were working tirelessly to ensure the safe rescue of the victims.

A source within the university community disclosed that four female students were abducted, but one was able to escape.

Meanwhile, the spokesperson of the Benue State Police Command, SP Sewuese Anene has also confirmed the incident, stressing that the command had commenced full investigation into the incident.

Anene said that further developments would be communicated to the public in due course

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