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CBN now “Father Christmas” – PDP Governors

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Governors of Peoples Democratic Party (PDP), the opposition party, on Monday said that some government agencies and the Central Bank of Nigeria (CBN) were operating outside the law that established them as revenue generating agencies and the country’s monetary authority, respectively.

CBN now “Father Christmas” - PDP Governors

Godwin Emefiele, CBN Gov

The governor met at the Akwa Ibom State government house in Uyo, over what they described as the worsening economic, political, security and social state of affairs in Nigeria.

They accused some Federal Government agencies of contributing to the poor living conditions of citizens.

In a 14-point communique they issued after their meeting, the governors said some government agencies and the Central Bank of Nigeria (CBN) were operating outside the law that established them as revenue generating agencies and the country’s monetary authority, respectively.

The governors said the CBN had become a “father Christmas” as it allegedly “creates” and spends money without control or supervision.

At the meeting presided over by Governor Aminu Tambuwal of Sokoto State and chairman, PDP Governors Forum, the governors also called out other revenue generating agencies for not doing enough to help the federal government generate revenue.

The PDP governors called on, “…agencies of Government such as Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Communication Commission (NCC), Federal Inland Revenue Services, Customs and Excise and similar organisations that are statutorily required to make contributions into the Federation Account, to do more. The federating States should, going forward now have a say in the determination of operating costs to ensure transparency and accountability. The meeting called for urgent steps to reverse these ugly trends in our practice of democracy, constitutionalism and Federalism.

The governors also, “expressed deep concerns on the operational system and methods of the Central Bank of Nigeria (CBN). It viewed with regrets that the CBN is operating as an independent government within a Government, which is a pervasion of the autonomy of the Bank. A situation where CBN creates money, decides how much of it to spend, on what to spend it on without any form of controls or supervision is patently subversive of our constitutional order. It has become not just a LEVIATHAN, but also a father Christmas of sorts, dabbling into every sphere and scope of governmental activity, not just as a lender of last resort, but as a full executing agency of government. The meeting observed that the CBN has become such an octopus that it threatens State governments publicly, without decorum, about sanctions on any attempt to question its MODUS OPERANDI. The CBN should take immediate steps to halt the depreciation of the Naira.”

The communiqué noted that, “The PDP Governors frowned at the rising and seemingly uncontrollable debt profile of Nigeria with over 80% of normal Appropriation spent on debt servicing. All the gains of the PDP Government under Chief Olusegun Obasanjo, GCFR, where Nigeria exited its foreign debt obligations has been destroyed. Borrowing for frivolous items such as funding the Nigerian Television Authority is scandalous. Money should only be borrowed for productive purposes as Nigeria’s current debt of over N36 Trillion Naira is becoming clearly unsustainable relative to our earnings and GDP. We should not saddle incoming generations with undue debt burden. The borrowing spree of the APC administration if unchecked, will certainly lead Nigeria into avoidable bankruptcy.

“The Forum reiterated its call, which seem to have fallen on deaf ears, for the Revenue Mobilisation, Allocation and Fiscal Commission to URGENTLY SEND the revised Revenue Allocation Formular to Mr President for onward transmission to the National Assembly for enactment, such that more resources are made available to States and Local Governments where ordinary Nigerians reside. It called on the Chairman and Members of the Commission to RESIGN or be relieved of their duties, if they cannot discharge this sacred constitutional duty entrusted by the Nigerian people to it. The present constitutional amendment process should make the Commission more independent and accountable to all stakeholders.”

The PDP governors also declared support for ongoing calls for the implementation of judicial and legislative autonomy.

 


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FDA Okays Elon Musk’s ‘Blindsight’ Brain Chip to Restore Vision for the Blind

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Neuralink, the brain-chip company co-founded by Elon Musk, has achieved a significant milestone with its latest device, “Blindsight,” receiving the U.S. Food and Drug Administration’s (FDA) breakthrough designation.

FDA Okays Elon Musk’s ‘Blindsight’ Brain Chip to Restore Vision for the Blind

This recognition highlights the potential of Blindsight to restore vision to individuals suffering from complete or partial blindness, including those with damaged optic nerves.

Blindsight is designed to help even those who have been blind since birth, provided their visual cortex remains functional.

Initially, the device is expected to offer low-resolution vision, but over time, it holds the potential for users to perceive advanced wavelengths like infrared and ultraviolet, offering possibilities beyond natural sight.

Neuralink, established in 2016, is pioneering brain-computer interfaces aimed at addressing neurological disorders. Its technology includes brain implants capable of reading neural signals and wirelessly transmitting them to external devices.

The company is also working on devices to assist paralyzed individuals in controlling digital tools using their thoughts.

Recent developments include the successful implantation of Neuralink’s brain-computer interface in a second patient, who is now able to control video games and design 3D objects using thought alone.

 

 

 


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Nigeria’s Mpox Cases Mostly Affect Children, Men – NCDC

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Mpox infections are disproportionately affecting children and males in Nigeria, according to recent data from the Nigeria Centre for Disease Control and Prevention (NCDC).

Nigeria’s Mpox Cases Mostly Affect Children, Men – NCDC

Pix Credit: Sky News

Since January 2024, males have accounted for 67% of Mpox cases, with men making up approximately 70% of the 6,001 suspected and confirmed cases recorded since September 2017.

The disease is spreading rapidly, with 1,031 suspected cases reported across 47 local government areas in 23 states and the Federal Capital Territory.

Children under five years old are among the most affected, followed by the 26-30 and 46-50 age groups.

Mpox is an infectious disease caused by the monkeypox virus, characterized by a painful rash, swollen lymph nodes, and fever. While most people recover fully, some may become seriously ill.

The disease can spread from animals to humans and between humans through close contact, respiratory droplets, and contaminated objects.

To combat the outbreak, Nigeria has received a donation of 10,000 doses of Jynneos, a Mpox vaccine, from the United States government.

 


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Avanti Communications, IHS Nigeria Recognized with Universal Broadband Award for Connecting Rural Nigeria

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Global multi-orbit satellite provider, Avanti Communications (“Avanti”), and IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”)  group, have been recognized for their work in connecting rural Nigeria at the 2024 World Space Business Awards.

Each year at World Space Business Week, Novaspace, a merger of Euroconsult and SpaceTec Partners, award the most forward-thinking businesses and innovations contributing to the future of the global space sector.

The Universal Broadband Award recognizes those committed to helping transform the lives of underserved communities.

Together, Avanti and IHS Nigeria have been helping improve the connectivity landscape across Nigeria, bringing broadband connectivity to rural communities nationwide, where the cost of traditional telecommunications networks can leave millions behind.

IHS Nigeria already has a strong footprint in Nigeria, operating over 16,000 towers across the country.

To help extend this reach, Avanti has been supplying the physical, transport and network layer for the transmission of cellular backhaul traffic to and from cellular towers, back to the core network of mobile network operators.

The partnership has delivered fast, cost-effective and reliable 3G and 4G connectivity to 700 rural sites across Nigeria, directly benefitting more than 3.5 million people.

Mohamad Darwish, CEO, IHS Nigeria, said, “We are deeply honored to receive this award, recognizing our commitment to innovation and social responsibility in expanding global connectivity.

As one of the largest independent tower companies globally, IHS Towers is dedicated to helping bridge the digital divide, particularly in Nigeria, where we operate more than 16,000 towers.

IHS Nigeria’s partnership with Avanti Communications has been pivotal in bringing broadband connectivity as well as delivering sustainable, reliable, and cost-effective solutions to rural areas. Together, we are striving to help transform lives by enabling digital inclusion, job creation, and driving socio-economic development across underserved and unserved communities.”

Kyle Whitehill, CEO at Avanti, said, “The mission to provide cost-effective, reliable, and sustainable internet solutions is more than a professional endeavour; it is a mission we each carry personally at Avanti. Access to the internet is not a luxury, it is a necessity.

“It opens doors to education, healthcare, economic opportunities, and global connectivity. For too long, the remote and hard-to-reach regions of Africa have been left in the dark, disconnected from the boundless potential connectivity brings.”


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