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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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Naira re-design will curb terrorism and its allies

CBN's Head Office in Abuja


By Akinola Ajibade

Re-desination of naira will  curb terrorism, kidnapping and other insecurity problems plaguing the country,  the Central Bank of Nigeria CBN's Senior Manager,  Currency Operations Department, Shamsudeen Imam, has said.

He spoke yesterday ( Tuesday) during  a programme at the Gombe International Market in Gombe state. 

He said that cases whereby criminals collect ranson from the families of their victims are going to be reduced, once the newly redesigned naira notes are in circulation.

According to Imam, there is so much money in circulation, which has a way of encouraging criminal activities, revealing that the apex bank’s latest effort will control the money in circulation.

He said, “It will address the issue of terrorism, kidnapping, because there is a lot of money in circulation before, and the kidnappers are using that opportunity to collect ransom from people.”

He disclosed that the currency change was a good step, adding that it would add a lot of positive benefits to the economy.

According to him, other countries change their currencies every five years. “Globally, currencies are redesigned every five to eight years, but for Nigeria, it’s long overdue. Some of our currencies have stayed for 14 to 20 years, so it’s the right time to redesign our currency,” Imam said.

While enumerating the importance of the currency change, Imam said it would improve the country’s monetary policy.

“The CIC is a component of monetary policy, so definitely, our monetary policy mechanism will be very effective. It will improve our financial inclusion drive, as it will push a lot of people to open accounts because we can’t carry cash. You need to open an account and as a result, more people will come into the financial system,” he said.

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