ANAMBRA TO GO AFTER HOUSES WITHOUT PROPER DRAINAGE IN ORDER TO COMBAT EROSION . (PHOTO).

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 Anambra to go after houses without proper drainage in order to combat Erosion  Worried by the rising menace of gully erosion, the Anambra State Government has threatened to enforce regulations requiring residents to provide proper drainage for storm water from their homes. The State Executive Council (ANSEC), which announced the proposed enforcement, lamented that erosion remains an existential challenge in Anambra, blaming the situation on careless actions by some communities and lapses by regulatory bodies in enforcing environmental laws. Briefing journalists after the weekly executive council meeting, the Commissioner for Information, Dr. Law Mefor, said it had been observed that some residents channel storm water from their homes directly onto roads, where it accumulates and worsens the erosion crisis across the state. “ANSEC has resolved to step up enforcement to compel residents to properly channel and manage storm water from their houses. Communities are also expected ...
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NAIRA FALLS TO N1200/$ IN PARALLEL MARKET, GAINS 11% IN NAFEM. (PHOTO).

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Naira falls to N1200/$ in parallel market, gains 11% in NAFEM

The naira depreciated yesterday to N1,1200 per dollar in the parallel market from N1,172 per dollar on Wednesday.

However, the naira yesterday appreciated to N843.07 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N843.07 per dollar from N951.22 per dollar on Wednesday, indicating 11 percent or N108.15 appreciation for the naira.

As a result, the gap between the official and parallel market exchange rates widened to N356.93 per dollar yesterday from N220.78 per dollar on Wednesday.

Mr. Yakubu Ahmed, a black market trader said high demand for dollars still persists despite traders’ anticipation of a positive change in the trend of the foreign exchange rate.

“There is still high demand for dollars but little access to it. I sold a dollar today for N1,200 and bought for N1,180.  

“Though we anticipate a positive change from the current trend of depreciation of the naira.

“But most traders are still worried that the naira might be in a falling trend for a long period due to decline in foreign exchange inflows which is also affecting the official market.”

 

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