Sanusi: I'm not bothered about being removed again, it's about emirate, not me – Newstrends
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Sanusi: I’m not bothered about being removed again, it’s about emirate, not me

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8 months ago

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Muhammadu Sanusi II

Sanusi: I’m not bothered about being removed again, it’s about emirate, not me

Alhaji Muhammadu Sanusi II, the 16th Emir of Kano, has stated he is unconcerned about the possibility of being removed from his position by another governor.

Sanusi was dethroned in 2020 by former Governor Abdullahi Ganduje after a personal conflict. Governor Abba Kabir Yusuf reinstated him, but Alhaji Aminu Ado Bayero, the 15th Emir, is contesting Sanusi’s reinstatement in court.

Speaking to Saturday Sun, Sanusi expressed that only God knows the duration of his reign.

“Even now that I am here, only God knows how long I will be here. I can die tomorrow. Another governor can come tomorrow and say that he has removed me; it doesn’t matter,” Sanusi said.

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He added that his main concern is preserving the emirate’s history. “I am happy if he does not touch the emirate. I am happy that I will not leave a history that it was during my time that these 1000 years of history was destroyed. So, I am grateful to this government and this Assembly that they have corrected that, that we have the emirate restored to what it was and Insha’Allah that when I die or when I leave, the person who inherits will inherit what we had. It’s about the system, not about me or any individual.”

Reflecting on his time away from the throne over the past four years, Sanusi shared his perspective on learning from adversity. “Life is always a continuous process of learning and relearning. And for me, I had always believed, as they say, that we should not waste a crisis. So, anytime I have a crisis, it’s an opportunity to do something else.”

Sanusi has remained active during his absence from the throne. “In the last four years, I’ve not been idle. I had just completed writing a PhD Thesis at the University of London, a week before I returned to Kano. I will be returning next month to conclude some things because I will be graduating in September,” he revealed.

Sanusi: I’m not bothered about being removed again, it’s about emirate, not me

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Nigeria seeks fresh $300m W’Bank loan for health security

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8 hours ago

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February 16, 2025

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Nigeria seeks fresh $300m W’Bank loan for health security

The Federal Government has engaged the World Bank for a new $300 million loan aimed at strengthening Nigeria’s health security infrastructure.

According to World Bank documents, the Nigeria Centre for Disease Control (NCDC) will implement the project, with the Federal Ministry of Finance acting as the borrower.

The initiative aims to enhance Nigeria’s capacity to prevent, detect, and respond to health emergencies.

The project is currently in the pipeline stage, with a disclosure date set for February 6, 2025.

The World Bank Board is expected to approve it on July 30, 2025, after necessary appraisals and assessments. Implementation will commence in the 2026 fiscal year.

The Nigeria Health Security Programme (HeSP) will focus on expanding molecular laboratory capacity, upgrading primary healthcare centres, establishing emergency operation centres and deploying mobile laboratories.

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Others are constructing warehouses for medical supplies, installing water, sanitation, and hygiene facilities and integrating solar energy systems to power health infrastructure.

The initiative is part of efforts to strengthen Nigeria’s public health infrastructure, following lessons from past outbreaks, including COVID-19.

This latest loan request comes as Nigeria continues to rely heavily on external financing. Under President Bola Tinubu’s administration, the Federal Government has secured $6.95 billion in World Bank loans over the past 18 months.

Data from the Debt Management Office shows that Nigeria owes the World Bank $17.32 billion, with the International Development Association (IDA) accounting for $16.84 billion.

In the first nine months of 2024, Nigeria spent $3.58 billion servicing its foreign debt, a 39.77% increase from $2.56 billion during the same period in 2023.

Nigeria seeks fresh $300m W’Bank loan for health security

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CBN to sanction banks limiting ATM withdrawal below N20,000

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3 days ago

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February 14, 2025

By

CBN Governor, Olayemi Cardoso

CBN to sanction banks limiting ATM withdrawal below N20,000

The Central Bank of Nigeria, CBN, has threatened to sanction banks that limit Automated Teller Machines (ATM) withdrawal to less than N20,000 per transaction.

The apex bank disclosed this in a document addressing concerns over the reviewed fees on ATM withdrawal.

Recall that CBN on Tuesday increased ATM transaction withdrawal fees, saying, from March 1st, bank customers will pay N100 charge for every N20,000 withdrawal from the on-site  ATM of other  banks.

The CBN in a circular to banks and other financial institutions, the CBN said,  “ATM Transaction Fees On-Us for customers withdrawing at the ATM of the customer’s financial institution in Nigeria with No charge.

“Not-On-Us for withdrawal from another institution’s ATM in Nigeria; On-site ATMs will attract a charge of N100 per N20,000 withdrawal.

“Off-site ATMs will attract  a charge of N100 plus a surcharge of not more than N500 per N20,000 withdrawal.

“The surcharge, which is an income of the ATM deployer/acquirer, shall be disclosed at the point of withdrawal to the consumer.

“International Withdrawals (per transaction) whether debit/credit card: Cost Recovery – exact charge by international acquirer.

“Furthermore, the three free monthly withdrawals allowed for Remote-On-Us (other bank’s customers/Not-On-Us consumers) in Nigeria under Section 10.6.2 of the Guide shall no longer apply.”

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However, following widespread concerns over the limit on ATM cash withdrawal by banks, the apex and yesterday released a list Frequently Asked Question, FAQ, to clarify implementation of the new charge.

The CBN noted that the charges for withdrawals made from other banks on-site and off-site ATMs are based on banks allowing customers to withdraw up to N20,000 per transaction.

CBN said: “The fees are based on banks allowing customers to withdraw up to N20,000 per transaction. Any bank that compels a customer with sufficient funds in his/her account to withdraw less than N20,000 per transaction against the customer’s desire for a higher sum would be contravening this regulation’s spirit and sanctioned appropriately.

“Consumers that are denied the right to withdraw up to N20,000 per transaction are encouraged to file a complaint with the CBN using [email protected].”

The regulator also explained that banks can not charge more than the stated fees, but a bank can charge a lower amount depending on its cost structure, among other things.

“The charges and surcharges are capped. Thus, banks and other financial institutions are not allowed to charge more than the fees prescribed in the circular.

“Note also that though the surcharge per transaction is capped, there is flexibility for a bank to charge a lower amount depending on its cost structure and business development drive.

To avoid paying ATM transaction fees, the apex bank said: “You should withdraw money from your bank’s ATM (On-Us transaction) to avoid the transaction fees.

“Additionally, limiting your use of off-site ATMs is advisable to minimise the surcharge.

“Further, consumers can explore other payment channels such as mobile apps, POS devices for payments, etc.”

 

CBN to sanction banks limiting ATM withdrawal below N20,000

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Google CEO meets Tinubu over AI skills expansion in Nigeria

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4 days ago

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February 13, 2025

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Google CEO meets Tinubu over AI skills expansion in Nigeria

The CEO of Google, Sundar Pichai on Wednesday met with Nigeria’s President Bola Tinubu in Paris, where both leaders discussed a partnership to expand Artificial Intelligence (AI) skills in Nigeria.

Pichai first shared a picture of the meeting with Tinubu on X, noting that the discussions centered on the immense potential of AI in Nigeria.

“It was great meeting with President Tinubu @officialABAT. 

“We talked about the immense potential of AI in Nigeria, and how we can partner to expand AI skills, enable innovation, and support Nigeria’s growing tech ecosystem,” Pichai posted.  

Commitment to AI in Nigeria 

Responding to the post, the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, who was also at the meeting, described the discussions as “extremely productive”.

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According to him, the meeting demonstrated the Nigerian government’s commitment to AI and Google’s ongoing support towards developing AI skills and innovation in critical sectors in Nigeria.

Last year, Google announced two separate AI initiatives in Nigeria in partnership with the Ministry of Communications, Innovation, and Digital Economy, both aimed at empowering Nigerians with AI skills.

In the first initiative, the National Centre for Artificial Intelligence and Robotics (NCAIR),  a N100 million AI Fund backed by Google to support Nigerian startups that are leveraging AI to develop innovative solutions.

The second initiative was a N2.8 billion support from Google to accelerate AI talent development across Nigeria.

According to the Ministry, the support, which was provided as a grant from Google.org to Data Science Nigeria, would bolster its ongoing AI-driven initiatives to upskill youth and under- and unemployed Nigerians, with a focus on AI skill development and education.

Google CEO meets Tinubu over AI skills expansion in Nigeria

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