ZIMBABWEAN COUPLE DEPORTED OVER SECRET BURIAL OF CHILD IN BOTSWANA.(PHOTO)

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 ZIMBABWEAN COUPLE DEPORTED OVER SECRET BURIAL OF CHILD IN BOTSWANA A Zimbabwean couple has been deported from Botswana after secretly burying their child without notifying authorities. Motilinah Mpofu and Christopher Ncube were convicted on Thursday of concealing a death after they allegedly dug a grave for their child in the dead of night. The Gaborone court heard the child had died suddenly. Instead of reporting the death to police, health officials, or traditional leaders, the couple quietly buried the youngster and hoped no one would find out. But the secret did not stay buried for long.   Police moved in and arrested the pair. In sentencing, the court ordered that the couple be taken to the Plumtree Border Post for deportation to Zimbabwe.  Top Botswana lawyer Winnie Masitha who offered the couple free legal representation during the trial, confirmed the deportation to BTV News. Masitha believed that the matter should not be viewed only through the lens of crim...
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NIGERIA HAS SAVED $20BN FROM SUBSIDY REMOVAL, NAIRA FLOATING POLICIES- WALE EDUN. (PHOTO).

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 Nigeria Has Saved $20bn From Subsidy Removal, Naira Floating Policies —Wale Edun


Minister of finance and coordinating minister of the economy, Mr Wale Edun, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.


Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.


“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.


“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”


Edun said these flows now return into the government’s coffers for further deployment to the aforementioned sectors.


“The real change that has happened with the measures of Mr. President is that nobody can wake up and their target for the day or for the week or the month or the year is to get access to cheap funding, cheap funding exchange from central bank, which they can now flip,” Edun said.


“And overnight, they become wealthy from no value added for doing virtually nothing, except you know the right people. Similarly, they can no longer try and be part of a new peak market and very inefficient petrol subsidy regime as a way of making money overnight.”

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