EVERY HISBAH OFFICER IS A PEACE AND SECURITY AMBASSADOR IN HIS COMMUNITY.(PHOTO). #PRESS RELEASE

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 Press Release: Every Hisbah Officer Is a Peace and Security Ambassador in His Community. Kano State Governor Alh.Abba Kabir Yusuf has reaffirmed the determination of his administration to ensure security and peace  for the protection of lives and property across the state. The Governor, represented by the Commissioner for Religious Affairs, Sheikh Ahmad Tijjani Sani Auwal, made the commitment during a stakeholders meeting on the contribution of shari'a sector institutions toward promoting peace and security in Kano State. The meeting was organized by the Kano State Hisbah Board and held at the Coronation hall Government House, Kano. He emphasized that security is a collective responsibility and urged the Hisbah Board to focus more on providing intelligence reports to conventional security agencies, rather than limiting efforts to moral enforcement alone. The Governor also called on the Zakkat and Endowment Commission to develop a structured system for collecting zakkat from w...
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DANGOTE REJECTS CBN'S INTEREST RATE, ASKS FG TO PROTECT EXISTING BUSINESSES. (PHOTO).

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 Dangote Rejects CBN’s Interest Rate, Asks FG To Protect Existing Businesses


Chairman of the Dangote Group, Aliko Dangote, has criticised the hike of interest rate to almost 30 per cent by the Central Bank of Nigeria (CBN).


Speaking at the Banquet Hall of the State House, Abuja, during the opening session of a three-day summit organised by the Manufacturers Association of Nigeria (MAN), on Tuesday, he said with the present interest rate regime, it will be difficult to create jobs.


He added that it would also be tough for the manufacturing industry to grow and compete favorably.


Dangote, who also called for new policies that will protect domestic industries, said, “Nobody can create jobs with an interest rate of 30%. No growth will happen.”


He also called on the government to protect existing businesses in the country, especially manufacturers, by providing an enabling environment for them to thrive.


According to him, “We must look to leading countries in the West and the East who are actively protecting their domestic industries.”


Africa’s richest man further likened an import-dependence  to poverty importation.


“Import dependence is equivalent to importing poverty and exporting jobs. No power, no growth, no prosperity. Similarly, no affordable financing, no growth, no prosperity. There is no industrialization without protection Ignoring these facts, is what gives rise to insecurity, banditry, kidnapping and abject poverty,” he said.


At its last Monetary Policy Committee (MPC) meeting, CBN agreed to increase the Monetary Policy Rate(MPR) for the third straight time from 24.75 per cent to 26. 25 per cent.

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