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Nigerian government benefiting from dollar-to-Naira increase – Senator Ndume

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Senator Ali Ndume

Senator Ali Ndume says the federal government is not losing out from the naira depreciation against the dollar but gaining more revenue to fund its 2024 budget. Ndume explained that the 2024 budget, which was presented last November, is a ‘dollarized’ budget in terms of income, as most of the government’s revenue comes from crude oil exports, which are priced in dollars.

Speaking during an interview with Channels Television monitored by DAILY POST, Ndume noted that as the value of the dollar increased, the government would have more naira to spend on its expenditure, which is denominated in naira.He further stated that Nigeria’s major product, crude oil, is still in high demand in the global market, stressing that the country would benefit from the current dollar-to-naira exchange rate.

“Don’t forget that this budget is a ‘dollarized’ budget, especially in terms of income. And when it comes to the terms of the expenditure, it’s in naira. So if we are getting our money in dollars and the value of the dollar is up, that means we will have more naira in terms of what we spend because we are not spending in dollars, we are spending in naira, while we are getting our revenue in dollars.

“Truly, the value of naira against the dollar has fallen but we are selling our major product that generates income in dollars. And that means any dollar we get now will also be valued at the current dollar-to-naira exchange rate.

“So if you do the analysis critically, it may mean if you balance it up, we may have more money to fund our budget. So technically, Nigeria is even benefiting from the dollar-to-naira hike,” he added.

Source: Dailpost

In other news – Alia moves to resolve land dispute between Air Force, Benue communities

Benue State Governor, Hyacinth Alia has met with a delegation from the Nigerian Air Force, as well as representatives of Ugondo and Mbaivur, to deliberate on ways to peacefully resolve the lingering land dispute between Air Force and the two communities.

Alia

In his address during the meeting on Wednesday in Makurdi, Alia said he was pleased to host the warring factions, stating that peacefully resolving the dispute around the area will attract more Federal Government presence, thereby bringing more development to the state. Read more

Nigerian Celebrities

Nigerian actor John Mr Ibu Okafor to be buried at the end of June

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Mr Ibu

The late Nigerian actor and comedian John Okafor, popularly known as Mr Ibu, will be buried at the end of June. Okafor passed away in March. According to Nigerian media reports, the Okafor family in Eziokwe Amuri, Nkanu West LGA in Enugu State, released the funeral details in a statement. The family stated that it would like to honour Okafor’s loving memory like the hero and legend he has been, leaving a legacy of love, laughter, and liveliness.

“We would appreciate your esteemed presence as we lay to rest our son, husband, father, grandfather, brother, uncle, and in-law on the 28th of June 2024,” reads the statement.
Kindly join us as we share the best and last moments with our icon.

Mr Ibu

Five-day burial ceremony
The statement said the burial ceremony would commence on June 25, where a high-profile novelty match will take place. It will be followed by a session called Mr Ibu’s Night that will involve a candlelight procession and live entertainment.

On June 27, a Christian wake will be held at his compound in Eziokwe Amuri, Nkanu West, before the funeral service takes place on June 28.Okafor passed away on March 2 at the age of 62 at Evercare Hospital in Lekki, Nigeria.

Mr Ibu

He died of cardiac arrest after a prolonged battle with an ailment that led to one of his legs being amputated. Despite his health challenges, Okafor remained dedicated to his craft until his passing. He only disclosed his health struggles in October 2023. The veteran actor appeared in over 200 Nollywood films, including those from the Mr Ibu series, which was very popular in the early 2000s.

Source: Sundayworld

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Junior Pope not buried by river bank – Police

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John Paul Odonwodo

The Anambra State Police Command says the remains of Nollywood star, John Paul Odonwodo, popularly called Junior Pope, were not among those buried by the bank of the Anam River. The Command’s spokesman, SP Ikenga Tochukwu, made the clarification on Sunday, stating that only three of the deceased families agreed that the victims be buried by the riverside.

He noted that after the burial of the three, one of the families came back to exhume the remains of their daughter for a befitting burial in her country home.Ikenga added that the corpse of Junior Pope was deposited at a morgue.

John Paul Odonwodo

“The Command, on an inquiry about the unconfirmed information that the recovered bodies including Junior Pope were buried by the Riverside where the boat accident happened, discovered that three of the deceased families accepted the victims should be buried beside the river.

“But later, the family of one of the victims decided to exhume the body to be given a proper burial in her state while the other two were still buried there. Also, Junior Pope and one other are still in the morgue and await the deceased families’ funeral arrangements,” he said. The PPRO further stated that the Command is still investigating the unfortunate incident.

John Paul Odonwodo

He said, “The producer of the movie and the two boat drivers’ statements have been obtained, and other necessary actions/moves already emplaced by the operatives as directed by the Commissioner of Police to determine the criminal liability of any person, if any, in the mishap

Source: Dailypost

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Singer Paul Okoye hints at remarrying

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Paul Okoye

Popular singer and half of P-Square, Paul Okoye, aka Rudeboy, has hinted at remarrying. The ‘Reason With Me’ crooner dropped the hint while scolding fans for wishing his divorce from his ex-wife to be toxic.

Paul Okoye

He stated that he would not succumb to their wishes, urging them to accept the reality that he is with his new partner, Ivy Ifeoma.He went on to unveil hashtag options for himself and his partner, Ifeoma.

Paul Okoye

On his Instagram story, Rudeboy wrote: “Some of y’all wish and think all divorces must be toxic, looking for someone to blame so that y’all can be entertained… lol

“#Ifeomanonso Or #Ifynonso. Choose one.  Rudeboy, 41, unveiled Ifeoma, then 22, as his new girlfriend in December 2022, one year after his divorce from his ex-wife Anita Okoye.

Source: Naijanews

In other news – Why I married Boko Haram fighter – Freed Chibok girl

Ten years later, Amina Nkeki, one of the 276 abducted schoolgirls of Government Girls’ Secondary School, Chibok, in Borno State, has said that she married a Boko Haram fighter to get her freedom. Nkeki, who regained freedom in 2016 with a baby and a Boko Haram fighter as her husband, stated this on Channels Television’s Sunrise Daily on Monday monitored by DAILY POST.

 

Freed Chibok girl

She said some of her colleagues gave birth to four children for insurgents who held them hostage. Nkeki said she agreed to marry a Boko Haram fighter while in captivity because she viewed the path as a route of escape from her abductors. Read more

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