Tag Archives: Increases

WHO Increases Emergency Response In North-east

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The World Health Organization (WHO) has increased its emergency response activities in the North-east of the country, particularly in areas formerly held by Boko Haram.
A statement from the organization yesterday said an emergency health team arrived in Maiduguri, Borno State last weekend to assess and respond to the health needs of 800, 000 people in the sub-region.

 The statement said initial assessments revealed urgent health problems among the population in 15 local government areas formerly held by the militant group.
“Estimated mortality rates in some of the areas are four times higher than emergency thresholds. The rate of severe malnutrition is estimated to be 14%.   In addition, Nigeria last week reported two polio cases in Borno State, two years after the last recorded case in the country. One of the cases is from a LGA that is still inaccessible to health service delivery, while the other is from a newly accessible LGA. Measles cases have also been reported in the area, further complicating a challenging humanitarian environment,”  the statement said.

Read More: dailytrust

CBN Increases BDC Weekly Supply To $50,000

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The Central Bank of Nigeria (CBN) has increased the weekly supply of Bureau De Change (BDC) operators from licensed banks from 30,000 dollars to 50,000 dollars.

Mr Kennedy Uzoka, Group Managing Director (GMD) United Bank for Africa (UBA), disclosed this on Tuesday in Abuja while addressing a media conference on the outcome of the 328th Bankers’ Committee meeting.

He said that the increase was necessary based on the present prevailing circumstances where the available Forex in the market was not sufficient to meet the needs of Nigerians.

The News Agency of Nigeria (NAN) reports that the CBN had recently issued a circular directing that banks that have been approved as International Money Transfers Operators (IMTSO) should sell foreign currency to the tune of 30, 000 dollars per week to licensed BDC operators.

Uzoka said that before the increase was made, there were lots of consultations by the CBN and the Bankers’ Committee based on the feedback received from the market which necessitated the increase.

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http://leadership.ng/business/546386/cbn-increases-bdc-weekly-supply-to-50000

Sokoto Increases Corps Members’ Allowances

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Sokoto government has jacked up allowances of youth corps members serving in the state, with a pledge to begin immediate implementation of the new payment structure. Governor Aminu Tambuwal announced the new policy during the swearing- in ceremony of 2006 Batch ‘A’ Stream II corps members at the state NYSC orientation camp in Wamakko. He said the state government appreciates the services of corps members and government will continue to make their welfare a top priority.
Tambuwal said the new increase affects all categories of youth corps members, with those serving in medical line getting more funds than others. “Graduates of medicine will now be paid N50,000 monthly from the current amount of N36,000.
Pharmacists will now get N25,000, up from the N19,000 obtainable in the past, while graduates of laboratory science and other medical technicians like nurses are now entitled to monthly stipend of N15,000, up from the current N9,000 they are getting from the state government.
“In the same vein, graduates of social science and humanities will now be paid N5,000 monthly, from the previous N4,000 they received as state allawee (allowance).’’ While urging the corps members to reciprocate government’s gesture by being diligent in their areas of primary assignments, Tambuwal urged them to shun vices that would lead to breakdown of law and order and communal harmony. “I urge you to shun militancy, terrorism and cultism. I also invite you explore Sokoto and study its rich history, culture and people,” he added.
Meanwhile, Niger State governor, Abubakar Sani Bello said it is wrong to scrap the NYSC as being clamoured for in some quarters, saying its primary objective is very relevant in the nation.
The governor, who stated this at the formal opening ceremony of the 2016 Batch ‘A’ (Stream II) orientation course and swearing-in ceremony of corps members deployed to the state, noted that NYSC remains an enduring vehicle for national unity and integration. Against this backdrop, he urged the federal government to re-invigorate the scheme instead of scrapping it, stressing, “In my opinion, the primary objective of the scheme is to develop common ties among Nigerian youths and to promote national unity and integration and I feel this is still very relevant.”

Credit: NationalMirror

Kaduna Refinery Production Capacity Increases To 60%

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The production capacity of the Kaduna Refinery has been increased to 60 per cent after recent repairs, a top management official of the refinery has said.

The Managing Director of the Kaduna Refinery and Petro-Chemical Company, Saidu Mohammed, said that there were efforts to push production capacity to between 80 to 90 per cent before the second quarter of 2016.

According to him, a second phase of the rehabilitation exercise, which is ongoing in the plant, has been completed.

“We have carried out overhaul of all major compressors in the plant. Others are awaiting the arrival of some spare parts, but they are all in order to increase the capacity…”

Read More: channelstv

Daily Subsidy On Petrol Increases To N2bn

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The Federal Government’s daily spending on petrol subsidy may have increased to N2.06bn as the pricing template for the product by the Petroleum Products Pricing Regulatory Agency on Sunday put the subsidy at N51.61 per litre.

Based on daily petrol consumption of 40 million litres, the total subsidy cost on the product as of June 11 would amount to N2.06bn at N51.61 per litre, up from N48.15 on June 2.

Subsidy refers to the money paid, usually by the government, to keep prices below what they will otherwise be in a free market system.

Nigeria, which relies on importation for most of its fuel needs as the country’s refineries are in a poor state, has seen a drop in importation of refined petroleum products in recent months, leading to acute scarcity of the products across the country.

Read More: Punch

Cost of Electricity Meters Increases to N60 000

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The cost of acquiring pre-paid electricity meters by consumers in the country has risen from 50 000 to 60 000 while single phase meters now sells for N39 375 from N25 000.

The increase is said to be due to the fall in the value of the naira following the currency’s recent devaluation by the Central Bank of Nigeria. For companies assembling the different components of the meters locally, the challenge is the same because foreign exchange is needed to import the components.

The spokesperson for the Eko Electricity Distribution Company, Godwin Idemudia, confirmed the increase, adding that the company was no longer installing ordinary prepaid meters.

Read More: Punch