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Operation Save The Naira: Lagos Speaker Faults Religious Pilgrimages, Seeks Regulation.
Speaker of the Lagos State House of Assembly, Mudashiru Obasa has urged the government to regulate religious pilgrimages as they attract undue interest in dollars and put pressure on the naira.
According to him, this action could be sustained until the naira stabilises.
The admonition was made on the floor of the House when, while the Lagos State House of Assembly decried the continued downward slide in the value of the naira against the dollar, it also suggested measures that could be applied to tame the trend.
As at yesterday a dollar hovered between N1,474 and N1,500 and the lawmakers, at plenary, advised the federal government and the Central Bank of Nigeria CBN on some bold steps to take so as to shore up the value of the naira.
Part of the resolutions by the House was that the federal government should come up with a mechanism to reduce foreign trips for seminars and conferences by ministries and agencies adding that this should apply to states.
While stressing the need to strengthen security across the nation, the House also called on the CBN “to embark on sensitisation of Nigerians on the steps being taken by the apex bank to reduce the pressure on naira while informing on the expected roles of Nigerians at this time.”
The Assembly urged that depositors of dollars in banks can be engaged for an acceptable arrangement where such funds can be utilised by the government to help reduce pressure on the naira.
Speaker of the House, Rt. Hon. Mudashiru Obasa, who presided over the sitting, lamented the disparity between the dollar and naira while commending the CBN for taking some measures with the hope that such actions would yield positive results.
Dr. Obasa, who further commended the National Assembly for inviting the CBN governor for discussion recently, said: “In my opinion, the CBN and government should embark on sensitisation and information dissemination to make people understand what the government is doing.
The pressure on the naira is too much, but the CBN should make sure that national interest is supreme.”
Obasa urged the government to regulate religious pilgrimages as they attract undue interest in dollars and put pressure on the naira. According to him, this action could be sustained until the naira stabilises.
“To save the naira, the federal government and states can stop foreign conferences and seminars. If possible, we can bring the resource persons to Nigeria to deliver their lectures.
We all need to look inward to support the government.
“Locally, some people in Nigeria doing businesses demand dollars instead of naira. Even at parties now, you see people spray dollars instead of naira. We need a way out and to do this, we need the support of citizens. That’s the essence of sensitisation.
Speaking earlier under ‘Matter of Urgent Public Importance’, Hon. Femi Saheed (Kosofe Constituency 2), said the current naira-dollar disparity is the direct consequence of the policies of the Godwin Emefiele-led CBN.
According to him, the naira will gain strength if measures including fixing the nation’s refineries, strengthening the education and health sectors are taken.
“I think the current CBN governor should work on moral suasion to get people to pull out the dollars in their domiciliary account,” he said.
Former Leicester City striker Jamie Vardy has shared an amusing anecdote about the unique injury treatment preferred by his Nigerian ex-teammates, Kelechi Iheanacho and Wilfred Ndidi.
Iheanacho and Ndidi became integral members of the Foxes squad after joining in 2017, playing a crucial role in the club’s historic 2021 FA Cup victory.
The duo shared a strong bond with Vardy during their time at the King Power Stadium, often engaging in light-hearted banter with their teammates.
Vardy, a Leicester City legend after 13 years with the club, departed last summer for Serie A side Cremonese. Iheanacho and Ndidi have also since moved on from the Foxes.
Speaking on a recent podcast, Vardy recounted how the Super Eagles stars had a peculiar remedy for minor injuries.
He explained that Iheanacho and Ndidi would insist on using a special “juju cream” brought back from Nigeria, refusing any other oils or balms offered by the club’s medical staff.
“They used to get injured, just little knocks, then they’d go back to Nigeria for one day literally, come back, and then they’ve got a nice big tub of juju cream,” Vardy said.
“That was the only thing that the masseuses were allowed to massage on the injured areas. They used to tell us that they used to get it from a Nigerian witch doctor.”
While Vardy’s story adds a humorous, if slightly controversial, layer to the players’ time at the club, the “juju cream” was likely part of a running joke.
Ndidi later clarified on social media that the substance was simply local shea butter, known as ‘ori’ in Nigeria.
Some aspirants loyal to Ondo State Governor Lucky Aiyedatiwa, who failed to secure the All Progressives Congress (APC) tickets in the recently concluded National Assembly primaries, have approached the court to challenge the outcome of the exercise.
The aggrieved aspirants are challenging the APC National Working Committee (NWC) and the Independent National Electoral Commission (INEC) over the results of the primaries and the list of candidates submitted by the party to the electoral body.
Report quoted sources within the party as saying the aspirants decided to seek judicial redress after expressing dissatisfaction with the outcome of the primaries.
The aspirants have reportedly engaged the services of the law firm of Remi Olatubora, SAN, to challenge the outcome of the exercise, the report also mentioned.
Those involved include Gbenga Elegbeleye (Ondo North Senatorial District), Dr Taiwo Fasoranti (Ondo Central Senatorial District), Leke Akingboye (Ilaje/Ese-Odo Federal Constituency), Rasaq Obe (Idanre/Ifedore Federal Constituency), Kayode Ijalana (Owo/Ose Federal Constituency), Oyerinmade Matthew (Ile-Oluji/Okeigbo/Odigbo Federal Constituency), and Olumuyiwa Daramola (Okitipupa/Irele Federal Constituency).
The legal action has reportedly generated concerns among some party stakeholders, who fear it could affect the APC’s preparations ahead of the 2027 general elections.
Human rights lawyer, Femi Falana, SAN, has slammed the Federal Government over its gifts of houses to judges.
Speaking at the Housing TV Africa on Thursday, Falana demanded the provision of the law that stipulated such a gesture.
He charged the Federal Government to also build houses for university professors and other civil and public servants, noting that what is good for the goose is equally good for the gander.
“”We have got to a stage in the country where we have to challenge the special privileges given to the rich and top public officers in the country.
“I was very sad when I saw that the Federal Government was handing over the keys of houses to judges, and I asked myself, ‘Under what law are we operating?’ Because it’s discriminatory and illegal.
“You treat everyone equally in our country. So you can’t take out judges. Judges are entitled to accommodation by the way. They must live comfortably and we’ll secured.
“But, other citizens must be equally provided for. If you don’t do it, you can be challenged, and that is going to happen very soon because what is good for the goose is good for the gander,” he said.
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