Naira redesign, queues and quest for new Nigeria - ITREALMS

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The amount of queueing Nigerians have been subjected to in the last couple of weeks is unprecedented. It is equally unbecoming. It's almost like the country had gone back four decades.

Fights have broken out in queues at bank facilities, filling stations and INEC and LGAs offices across the country. There are trending videos of people stripping naked in protest inside banking halls, others hitting each other with queue dividers and one person has been confirmed dead inside a banking hall, somewhere in Asaba. Nigerians born in the 2000s, GenZs, should be forgiven for thinking the end of the world is here.

Revised Naira redesign policy: CBN says you’re entitled to N20,000 per day - ITREALMS

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The latest policy of the Central Bank of Nigeria (CBN) on the redesigned Naira notes has indicated that Nigerians are only entitled to N20,000 per day cash and N100,000 per week, reports ITREALMS.

CBN, in a circular BSD/DIR/PUB/LAB/015/069 sighted by ITREALMS addressed to “All Deposit Money Banks (DMBS) and Other Financial Institutions (OFIs) namely the Payment Service Banks (PSBs), Primary Mortgage Banks (PMBs) and Microfinance Banks (MFBs)” directed that this new policy takes effect from January 9, 2023.

Why Labour Party must redesign its logo now - ITREALMS

Editorial@ITREALMS ... making leadership SENSE with digital news!

The Nigeria’s much talked about third force, the Labour Party (LP) may mess up the chances its opportunity in the forthcoming general elections if it fails to redesign its official logo.

EDITORIAL

A section of political watchers, informed ITREALMS that inability to redesign Labour Party logo formally for the 2023 general elections may cause the party to loose the elections and therefore cause the current ‘OBIdient and be Yusuful’ movement to the presidency and untold setback.

COVID-19: Atiku advises African leaders to redesign budget, reduce governance cost - ITREALMS

ITREALMS:

The former Vice President of Nigeria, Alhaji Atiku Abubakar, has advised African leaders to reduce governance expenditure which is too high, if the continent must mitigate the effects of ravaging Chinese Virus-19 also known as Coronavirus or COVID-19, reports ITREALMS.

Atiku in a public statement available to ITREALMS, said that Africa is on a crossroads and her leaders cannot afford to be indifferent to the needs of the populace.

He also called on African nations to rebudget, reassign and reduce expenditure with Nigeria on the lead. Pointing out that Nigeria need to think and act her way into taking the right path.

“History will forgive us if we make the wrong decisions, but it certainly will not forgive us if we take no decisions in the misguided belief that others will save us. If Nigeria does not save herself in this season of a global emergency, we may find that a new world order will emerge and we will no longer be the Giant of Africa. We may not even be the Giant of West Africa if we do not take decisive action.

For him, Nigeria, for instance, cannot be considered a serious nation when her leaders refused to cut down on profligacy and instead seek outside help to fund inefficiencies.

We cannot be considered a serious country when we refuse to cut down on profligacy and instead seek outside help to fund our inefficiencies.

“Even in our own individual houses, when things get tight, the first thing we should do is cut down on unnecessary expenditure and then you look for creative ways to generate funds and develop our household economy, before we even seek outside funding,” he said.

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