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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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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