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Nigeria’s Foreign Reserve Swells To $44. 6b

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okonjo_iweala2gk-is-94In what might be cheery news to managers of the nation’s economy and indeed Nigerians, the Coordinating Minister for the Economy and Minister of finance, Dr. Ngozi okonjo-Iweala, yesterday declared that the nation’s  foreign reserve has hit $44.6 billion.

The minister said this while speaking at the  31ST Meeting of the Convergence Council of Ministers and Governors of Central Banks of the West African Monetary Zone, WAMZ, in Abuja. She also added that Nigeria has been building buffers against “economic shocks”

Her words, “on the back of greater efficiency in the management of our resources, our foreign reserves soared from US$32.6 billion at the end of 2011 to about US$44.6 billion now.

“The Excess Crude Account,ECA, balance has also improved from $4.57 billion in August 2011 to about $9 billion now. Our Sovereign Wealth Fund is up and running and will oversee the $1 billion set aside by the government. But more important, President Goodluck Jonathan’s administration is embarking on a strong program of economic diversification – which is the only real buffer for our economy”.

According to the minister, Nigeria has started a massive investment in agriculture, housing, solid minerals, the creative industry, and other sectors, “in an effort to limit our dependency on oil revenue, and create jobs. It is a fact, that our present growth rate is being sustained by the activities of the non-oil sector”.

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Several Injured As Thugs Attack #EndSARS Protesters, Governor Oyetola In Osun

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Several Injured As Thugs Attack #EndSARS Protesters, Governor Oyetola In Osun
Several Injured As Thugs Attack #EndSARS Protesters, Governor Oyetola In Osun

#EndSARS protesters in Osun

The Governor of Osun State, Gboyega Oyetola on Saturday, escaped an attack by thugs which happened while he was addressing #EndSARS protesters in Osogbo, the state capital.

Some of the vehicles in the Governor’s convoy were also destroyed by the thugs but the Governor himself was evacuated to safety by his security team.

Also Read: #EndSARS: Hold Enugu State Govt Responsible If Anything Happens To Us – Phyno, Kcee, Zoro

As the convoy was leaving the protest venue, some of the youths continued to stone his vehicles.

While the protest was disrupted, Governor Oyetola assured the injured victims that the government would be responsible for their medical bills.

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#EndSARS: Sanwo-Olu Constitutes Panel Of Enquiry

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#EndSARS: Sanwo-Olu Constitutes Panel Of Enquiry
#EndSARS: Sanwo-Olu Forms Panel Of Enquiry

Babajide Sanwo-Olu

In a bid to quell the #EndSARS protest which is spreading like a raging inferno across the country, Babajide Sanwo-Olu, the Governor of Lagos State has set up a panel of inquiry and restitution for victims of SARS.

This was announced in a statewide broadcast on Thursday.

The panel will be a 7-man panel which will ensure that all those with verifiable cases of SARS brutality or fatality receive compensation.

Also Read: BREAKING: EndSARS: Gov Sanwo-Olu reveals identities of policemen who harassed protesters

The Panel will be chaired by retired Justice Doris Okuwobi, while members are Ebun Adegboruwa, SAN (representing the Civil Society), Taiwo Lakanu (a retired Deputy Inspector General of Police), Patience Udoh (representing the Civil Society); Segun Awosanya aka Segalink (Human Rights Activist).

Others are Olutoyin Odusanya (Director, Citizens Mediation Center), a rep/member of the youth-led protest, and a representative of the Human Rights Commission.

There will be a help desk for the complaints and petitions to the panel.

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Governor Seyi Makinde Loses 81-Yr-Old Mother

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Governor Seyi Makinde Loses 81-Yr-Old Mother
Seyi Makinde

Oyo State Governor, Seyi Makinde

Abigail Makinde, the mother of the governor of Oyo State, Seyi Makinde, is dead.

The Chief Press Secretary to Mr Makinde, Taiwo Adisa, however, told newsmen that the family will soon make an official statement on the death of the deceased.

He said: “Yes. The family will make an official statement.

“The family will soon make an official statement. In the next few minutes, the family will make an official statement, in few minutes.”

It was gathered that Mr Makinde lost his father, Olatunbosun Makinde, a few years ago.

It was learnt that Mrs Makinde died in the early hours of Thursday.

She died at the age of 81.

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