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PRESS RELEASE

Son of Irewole Local Government Chairman, Abdulateef Keji Jooda Distributes Food and Cash to Support Aged Citizens During Ramadan

~March 19, 2024

In a compassionate effort to alleviate the burden of elderly individuals during the month of Ramadan, Hon. Abdulateef Keji Jooda, son of the esteemed Executive Chairman of Irewole Local Government, Hon. Jide Jooda, embarked on an initiative to provide essential food supplies and financial aid to the aging population.

As the economy continues to face significant challenges and Nigeria grapples with enduring hardship, Abdulateef Jooda recognized the urgent need to extend support to those most vulnerable. Drawing inspiration from his father's exceptional legacy of caring for the less privileged, he wholeheartedly embraced the responsibility of serving his community and addressing the pressing concerns of its people.

In his tireless dedication and a sincere commitment to making a difference, Abdulateef Jooda spearheaded a remarkable initiative to distribute food items and monetary assistance to elderly citizens. Through his kindness, he aimed at alleviating their struggle and ensure they had access to sufficient food during the holy month of Ramadan.

In line with his noble purpose, Abdulateef Jooda emphasized the gravity of the economic situation and the chronic hardships currently experienced in Nigeria. By stepping forward to address these challenges, he hopes to inspire the fortunate in our community, to unite in support of the less privilege and cultivate a spirit of compassion and solidarity within the community.

Abdulateef Jooda's dedication in following his father's footsteps, showcases his commitment to the well-being and prosperity of his people. By undertaking this initiative, he embodies the essence of public service and sets an exemplary precedent for citizens from all walks of life.

The recipients of Abdulateef Jooda's generosity expressed deep gratitude for his benevolent gesture, acknowledging the invaluable impact it had on their lives. With renewed hope and a fortified sense of community, the aging individuals now approach Ramadan with a belief that they are cared for and supported.

As the holy month of Ramadan progresses, Abdulateef Jooda's compassionate efforts resonate as a testament to the remarkable power of individuals to effect positive change. His selflessness and dedication serve as an inspiration to all, demonstrating that collective actions can create a more compassionate society.

Real Kehinde Adelugbin ~
Reporting for Al-bayan Updates News.

Cement Manufacturers Vow to Slash Price of Cement to the Range of #7000 and #8000 Per 50Kg

Date: Monday, 19th February

In a groundbreaking meeting held in Abuja on Monday, 19th February, cement manufacturers have agreed to slash the price of cement to the range of ₦7,000 and ₦8,000 per 50kg bag, depending on the geographical location nationwide. This remarkable decision was reached during discussions between the manufacturers and the Minister for Works, Mr. David Umahi.

The cement industry, known to play a vital role in the nation's construction sector, has faced criticism in recent times due to the rising cost of the commodity. However, this historic agreement marks a significant step towards a more affordable cement market, benefiting both individual consumers and the overall economic growth.

During the meeting, the cement manufacturers expressed their willingness to take further action in lowering prices once the Federal Government fulfills its anticipated interventions. These interventions are expected to create a better environment for the manufacturing industry and ease the burden on consumers.

In response to the outcome of the discussions, Minister David Umahi expressed his gratitude to the manufacturers for their cooperation and commitment to the development of the nation. The Minister emphasized that this reduction in cement prices would ultimately improve the affordability of housing and infrastructure projects across the country.

The decision by cement manufacturers to reduce prices signifies an essential turning point in the industry, bringing hope to millions of Nigerians seeking affordable housing and infrastructure development. It also aligns with the Federal Government's efforts to boost economic growth and ensure equitable access to quality construction materials.

The move is expected to trigger positive ripple effects throughout the construction sector, encouraging new investment opportunities and stimulating overall economic development. As the intervention promised by the Federal Government becomes a reality, stakeholders eagerly anticipate the cement industry's continued commitment to offering even more competitive prices in the near future.

With the goal of mitigating the impact of rising construction costs, this historic agreement between cement manufacturers and the Works Minister is undoubtedly a breakthrough moment that will contribute to the nation's sustainable development.

In conclusion, this collaborative effort between the government and industry players is a promising stride towards enhancing affordability, promoting economic growth, and ensuring infrastructural development nationwide.

Naira Hits Record Low at Parallel Market, Trades at N1,730/$

The Nigerian naira has experienced a significant decline, reaching a new all-time low against the US dollar at the parallel market. Currency traders on the street market reported buying rates of N1,700 and selling rates of N1,730 per US dollar, representing an alarming 8.13 percent drop since February 16, 2024, when the exchange rate stood at N1,600/$.

This latest depreciation has caused concerns among market participants, as it reflects the increasing pressure faced by the Nigerian currency in recent times. The profit margin for dollar trading currently stands at N30, further exacerbating the economic challenges faced by individuals and businesses alike.

The steep decline in the value of the naira underscores the urgent need for proactive measures to stabilize and strengthen the national currency. Authorities are expected to pay closer attention to this alarming development, as its repercussions may affect inflation, import/export dynamics, and overall economic stability.

Experts anticipate that these adverse currency fluctuations could lead to higher prices for imported goods, potentially impacting the cost of living for citizens. It also highlights the importance of effective monetary policies and enhanced liquidity management to alleviate the strain on the naira.

As Nigeria strives for economic recovery and financial stability, it becomes imperative to adopt long-term strategies and reforms that will promote a healthy exchange rate and restore investor confidence. The central bank and relevant stakeholders should work diligently in close coordination to address the root causes of the naira's depreciation and implement effective measures to restore its value in the global market.

Folashade Tinubu Ojo, Daughter of Nigeria's President, Honored as Iya Adini of Quadiriyyah Nigeria

In a momentous event held at Surulere National Stadium on February 28, Folashade Tinubu Ojo, the Iyaloja of Lagos State and Daughter of Nigeria's President Bola Ahmed Tinubu, was bestowed with a great honor. Khaleepha Abdul lateef Shugaba Salaty, the revered leader of Quadiriyyah in Yoruba land, turbaned her as the Iya Adini of Quadiriyyah Nigeria.

The occasion, which coincided with the Grand Maulid Nabiyy celebration, was organized under the guidance of Khaleepha Muh. Solih Babaniji Amosa, the esteemed Leader of Quadiriyyah Lagos State Chapter and the chief host of the event.

As the Iya Adini of Quadiriyyah Nigeria, Folashade Tinubu Ojo assumes a significant role in leading and representing the Quadiriyyah sect within the country. Her appointment speaks volumes about her exceptional contributions to society and her commitment to fostering religious harmony.

The ceremony witnessed the presence of distinguished guests, religious leaders, and members of the Quadiriyyah community. The atmosphere was filled with joy, reverence, and a tangible sense of admiration as the turbaning ceremony marked a profound milestone in Tinubu Ojo's spiritual journey.

The appointment of Folashade Tinubu Ojo as Iya Adini underscores the recognition and respect she has garnered within the religious community. It also highlights her dedication to promoting peace, unity, and religious tolerance.

The Quadiriyyah community extends its heartfelt congratulations to Tinubu Ojo on this momentous occasion. Her new role empowers her to continue making a positive impact on society, inspiring countless individuals through her remarkable leadership qualities.

As the news of her turbaning spreads, it is anticipated that Folashade Tinubu Ojo's appointment as Iya Adini of Quadiriyyah Nigeria will serve as a beacon of hope for many, encouraging others to follow in her footsteps toward promoting peace and religious understanding.

𝑨𝒊𝒔𝒉𝒂 𝒀𝒆𝒔𝒖𝒇𝒖 𝑬𝒙𝒑𝒓𝒆𝒔𝒔𝒆𝒅 𝑫𝒊𝒔𝒔𝒂𝒕𝒊𝒔𝒇𝒂𝒄𝒕𝒊𝒐𝒏 𝑻𝒐𝒘𝒂𝒓𝒅𝒔 𝑷𝒓𝒆𝒔𝒊𝒅𝒆𝒏𝒕 𝑻𝒊𝒏𝒖𝒃𝒖 𝑹𝒆𝒈𝒊𝒎𝒆.

In a controversial social media post, Aisha Yusufu expressed dissatisfaction towards President Tinubu, accusing him of rigging his way into office in a bid to surpass the current Nigerian President, Buhari. Despite the challenges faced by citizens, Yusuff highlighted the gravity of the situation by suggesting that Tinubu's leadership could potentially be worse than Buhari's.

Amidst growing political concerns within the country, this particular online comment has sparked heated debates, with supporters and critics voicing their opinions. While Yusuff's post sheds light on the possible actions taken by Tinubu to secure his position of power, the overall sentiment surrounding this view is mixed, reflecting the public's concern over the future governance of Nigeria. The remarks highlight the increasing importance of transparent and fair elections, as citizens remain vigilant about the potential impact of political manipulation on the nation's leadership.

Governor of Nigeria's Central Bank Offers Condolences to Family of Late Dr. Herbert Wigwe

On Saturday, February 17, 2024, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), visited Lagos to pay his respects to Pastor Shyngle and Mrs. Stella Wigwe, grieving parents of the late Dr. Herbert Wigwe. Dr. Wigwe, the Group Executive Officer of Access Holdings, recently passed away, leaving a void in the business world.

During the visit, Mr. Cardoso was joined by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. The minister's presence demonstrated the government's recognition of Dr. Wigwe's immense contributions to the economy.

This heartfelt condolence visit served to honor the memory of Dr. Herbert Wigwe, while also providing support and comfort to his bereaved family. As a notable figure in the Nigerian financial sector, Dr. Wigwe's loss is mourned by colleagues and industry professionals alike.

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📸 Credit: Central Bank of Nigeria

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