Sanwo-Olu pledges relief for Lekki residents, businesses
Governor Babajide Sanwo-Olu of Lagos State promised residents and stakeholders of Lekki, Etiosa, Ibeju Lekki, and Epe on Sunday of relief in areas of education, transportation infrastructure, healthcare, and the environment.
Sanwo-Olu made the pledge during an engagement with residents and stakeholders of Lekki, Etiosa, Ibeju Lekki, and Epe.
The event was to discuss the activities and plans of his administration for the community and the state in general.
The governor said that properties, businesses, and tenants that might be affected once the building of the fourth mainland bridge starts would be fully compensated.
He explained that the bridge must be built to bring modern development to the state. This is according to NAN.
Tinubu distances self from criticising FG naira redesign policy
Bola Ahmed Tinubu, the presidential candidate of the All Progressives Congress (APC), has distanced himself from those criticising the naira swap policy of the federal government, saying that he is only concerned with how the policy has affected the living conditions of Nigerians.
In a statement issued on Sunday, the APC presidential candidate expressed concern about the untold hardship caused by the naira’s scarcity for most Nigerians.
The former Lagos State governor said that he could relate to the feelings of those, especially at the grass-roots level, who struggled every day to deal with the fuel scarcity and now cash scarcity challenges.
“While the scarcity arising from the supply limitations of the new naira notes is still with us, we are encouraged about reports that the fuel queues across the country are easing out as a result of better supply to fuel stations,” his statement reads.
New naira notes: NECA advises on way forward
Adewale-Smatt Oyerinde, the Director-General of the Nigeria Employers’ Consultative Association (NECA), has urged the Federal Government to look beyond the politics of the naira redesign and focus on the damaging effects the policy has had on businesses and the economy at large.
Oyerinde gave this advice in a statement on Sunday in Lagos.
‘’In the last few weeks, with the cash squeeze and the purchasing ability of Nigerians greatly impaired by the poor implementation of the policy, the economy has witnessed a significant bashing.
‘’This is so, with a report stating that the Real sector witnessed about a 40 percent drop in productive activities.
‘’As the cash, crush continues, thousands of productive hours are lost daily in queues by employees and many cannot even get to work.
‘’The value chain in the formal and informal sector with over N10 billion cash transaction daily is almost destroyed with consequences for employment, business sustainability, and National development,” he said.
Our foods are perishing, FCT traders cry out
The scarcity of the new naira has forced many food traders in the Federal Capital Territory (FCT) to cry out to the government for help as their businesses continue to suffer from poor sales.
The News Agency of Nigeria (NAN) did checks at the Kado Fish Market, Dutse, Wuse, and Kubwa markets, which revealed that huge quantities of perishable goods had gone bad.
Some of the perishable goods include plantains, leafy vegetables, pepper, tomatoes, and fruits, among others.
Malam Usman Abu, who sells tomatoes and pepper, said that before the initial deadline of the old Naira notes, he stocked his shop in anticipation of good sales but was disappointed by the poor sales.
Abu said the food items had gone bad as a result of the poor sales.
According to him, little or no patronage is unusual, and he blamed the low sales on the lack of adequate naira notes in circulation.
He said that over time, customers had pleaded with him to make his account details available to enable money transfers, but he said he has no phone to confirm transactions, hence the refusal.
Earthquake death toll tops 33,000, Turkey starts legal action
Rescuers pulled more survivors from the rubble on Sunday, nearly a week after one of the worst earthquakes to hit Turkey and Syria, as Turkish authorities sought to maintain order across the disaster zone and began legal action over building collapses.
With the chances of finding more survivors becoming increasingly remote, the death toll in both countries from Monday’s earthquake and major aftershocks exceeded 33,000 and appeared set to rise further. It was the deadliest quake in Turkey since 1939.
In a central district of one of the worst-hit cities, Antakya in southern Turkey, business owners emptied their shops on Sunday to prevent merchandise from being stolen by looters.
Residents and aid workers who came from other cities cited worsening security conditions, with widespread accounts of businesses and collapsed homes being robbed. This is according to Reuters.
