Ways and Means strictly a CBN affair – experts

A financial expert, Prof. Uche Uwaleke, says the Ways and Means Advances of the Central Bank of Nigeria (CBN) to the Federal Government is strictly within the purview of the apex bank.

Uwaleke, a Professor of Capital Market at the Nasarawa State University, Keffi said this in an interview with the News Agency of Nigeria (NAN) on Saturday in Abuja.

He spoke against the backdrop of effort to securitise the pending N22.7 trillion Ways and Means Advances, approval of the process by Senate and the role of the Debt Management Office (DMO).

According to Uwaleke, the DMO had no role because the Ways and Means were completely under the control of the CBN.

He said that the DMO could only have played advisory role when necessary.

“The much the DMO could have done would have been to include the CBN overdraft to the FG as part of the country’s domestic debt stock.

“This will enable the DMO issue early warning signals whenever the Ways and Means limit as stimulated in the CBN Act was being breached,” he said.

NAN reports that the Ways and Means provision allows the federal government to borrow from the CBN if it needs short-term or emergency finances.

This is to enable the government to fund expected cash receipts of fiscal deficits.

The Nigerian Senate had, on Wednesday, approved the request of President Muhammadu Buhari to restructure the advances through securitisation.

Based on statutory provisions, however, the approval of the Senate and the House of Representatives are required for securitisation.

Implementation can, thus, only be upon concurrent approval of the House of Representatives.

Uwaleke, however, explained that securitisation of the N22.7 trillion Ways and Means Advances would afford the Federal Government a ‘breather’ in terms of debt service burden.

According to him, this is in view of the fact that repayment of the N22.7 trillion will now be spread over 40 years with a three year grace period on the principal sum.

“In respect of the securitisation of the Ways and Means, the government debt restructuring arrangement affords it a breather in terms of debt service burden.

“Similarly, the cost of annual debt service will reduce given the concessional rate of nine per cent as against the current 20.5 per cent interest rate charged on CBN’s Ways and Means.

“The cumulative effect of these would be a reduction in government budget deficit and freeing up resources that could be applied to more productive areas,” he said.

According to him, since the securities will only be taken up by the CBN and not the public, the fear that it will crowd out the private sector is no longer there.

“There is equally the issue of debt transparency that it engenders.

“Before now, CBN’s Ways and Means did not form part of the public debt stock reported by the Debt Management Office.

“Securitisation would entail including it as part of the country’s public debt which makes for transparency ” he said.

He said that, henceforth, adequate safeguards should be put in place to ensure that CBN’s Ways and Means were curtailed due to its negative impact on the general price level.

“The relevant provisions of the CBN Act should clearly stipulate the conditions under which debt limits can be breached.

“The process should involve approval by the National Assembly as well as stiff sanctions for breach of the limits provided in the Act without following due process,” he said.

According to Okechukwu Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), the Ways and Means Advances constitutes money that has already been appropriated by the Federal Government.

“It is important to note that the Federal Government does not need the DMO to obtain such facilities from the CBN.

“It does so directly, and sometimes, it entails the printing of money.

“The DMO will only be required to record it as debt after it is securitised, ” he said.

NAN reports that the CBN is legally authorised to issue Ways and Means Advances to the Federal Government according to Section 38 of the CBN Act, 2007.

The N22.7 trillion Ways and Means Advances, therefore, do not represent new borrowings, but overdrafts by the CBN to the Federal Government.

The advances is statutorily managed by the Ministry of Finance and the Office of the Accountant-General in the Consolidated Revenue Fund where it is domiciled.

Source: News Agency of Nigeria

FCTA assures continuous support to NYSC

The Federal Capital Territory Administration (FCTA) has pledged continuous

support to the National Youth Service Corps (NYSC) in recognition of its role to development of the territory.

The Minister of State for FCT, Mrs Ramatu Aliyu, gave the assurance on Friday in Abuja during the swearing in

ceremony of the orientation course for Batch A Stream 2 youth corps members.

Represented by Mr Sani Rabe, the Director, FCT Social Welfare Development, Aliyu said that the NYSC is an

active partner in the development of the FCT.

She said “here in the FCT, our teeming youths, women and the indigent are in dire need of support which will

help them develop various talents for creativity.“This is where I hope that youth corps members will provide necessary intervention.”

She added that the deployment policy of the NYSC, which ensures that young Nigerians are posted to states

other than their states of origin, is expected to engender unity and nation-building.

Aliyu enjoined the youth corps members to mentor FCT youths through their activities.

She also urged them to spearhead development-oriented programmes to complement the efforts of government

at all levels in the territory.

About the needs of the youth corps members at the orientation camp, she said the FCTA had assessed

areas that should be addressed.She explained that “here on camp, we are already addressing pressing needs like the reconstruction/remodelling

of the multi-purpose hall to ensure that you and those coming after you have a good place for lectures and other activities.

“I wish to state once more that your welfare remains our priority.”

The NYSC Coordinator in the FCT, Alhaji Abdul Suleman, said that so far, a total of 2,144 youth corps

members had been duly registered for the three weeks orientation course.He enjoined them to key into the NYSC Skill Acquisition and Entrepreneurship Development (SAED)

Programme and to avail themselves of the opportunity to transform their lives after the service year

in becoming job creators rather than job seekers

He said “the NYSC has repeatedly proven its worth as a veritable platform for promoting national unity

and integration and has built bridges across different ethno-cultural divides in the country.“These are the virtues we expect youth corps members to imbibe during this period of service to the fatherland.

“May I also advise that you comport yourselves in a disciplined and orderly manner, as any form of negative

behaviour such as drug abuse and other anti-social acts will not be tolerated on camp.”

The News Agency of Nigeria (NAN) reports that the three-week orientation course which started

on Wednesday would end on May 23.

Source: News Agency of Nigeria

Curbing proliferation of illegal colleges of health sciences

In September 2022, the Police Command in Niger arrested two suspects for allegedly operating an illegal health science college in Bosso Local Government Area of the state.

The suspects were operating a school known as Excellence College of Health Sciences and Technology, somewhere in Maikunkele.

The school was allegedly established in 2020 and commenced admission in 2021 without any authorisation or certification from appropriate government bodies.

The operators of the school allegedly forged a certificate of registration to deceived members of the public to register and gain admission into the school.

As at the time of the arrests, about 100 unsuspecting students had enrolled into the college after paying N78, 000 each for tuition and other charges.

Similarly, in July 2022, the Kano State Government shut down at least 26 illegal private health training institutions.

The State Ministry of Health in a statement explained that the institutions were established without recourse to extant regulations governing the establishment and operation of such institutions.

According to Kano State Government, the unrecognised institutions lacked definite sites and offered dubious programmes against the established curricula while extorting exorbitant fees from students and their parents.

In Kaduna State, the Commissioner for Health, Dr Amina Mohammed-Baloni, recently announced plans to fish out and shut down unequipped and unregistered schools and colleges of health sciences in the state.

The commissioner also said the government had closed some of the schools some time ago because they did not meet the minimum criteria to exist and operate.

Similarly, the Gombe State Government, in 2022 banned 10 health training institutions from teaching and awarding certificates to students of health-related fields over alleged non-accreditation.

The state Attorney-General and Commissioner for Justice, Zubairu Umar had explained that because the institutions were not accredited by regulatory bodies and they did not have the required facilities to train health workers.

These are just few among several of such illegal institutions that scattered all over the country.

Health experts have expressed concern over the high incidence of death arising from handling of patients by unprofessional health workers.

They have tried to establish a link between such deaths and health workers who obtained their certificates from illegal and substandard health training centres.

They particularly argued that any functional health system relies on skilled manpower to deliver the much-needed services.

Worried by the development, the Federal Government, through the National Board for Technical Education (NBTE) said it was taking measures to sanitise the system.

Consequently, NBTE convened a one-day meeting with provosts, proprietors, principals of health institutions and registrars of health professional bodies in Kaduna.

The Executive Secretary of the board, Prof. Idris Bugaje told meeting that the authorities will not fold its arms and watch some elements flout regulations on establishment of diploma awarding institutions.

He warned that anybody who decided to call its programme National Diploma (ND) or Higher National Diploma (HND) without NBTE registration and accreditation is creating a serious problem for himself or herself.

According to him, NBTE is determined to clean up the system because `health is the wealth of any nation`.

“This is why we invited all the provosts and proprietors of health colleges, both legal and illegal and professional bodies, to discuss the challenges and develop a common roadmap to address them.

“If it is the registration conditions that are too stringent, let us know so that we can review what can be reviewed without compromising standards.

“We will give a moratorium for every health institution to go and regularise its registration, after which, we will bring the full ambit of the law and security agencies at our disposal to close the illegal ones”, he told the meeting.

The executive secretary said that the NBTE had already reviewed Bank Guarantee mandatory requirement for registration downwards from N100 million to N25 million.

He disclosed that some of the operators of illegal health colleges were currently being investigated by the Department of State Services (DSS) in two states.

He added that the board had also constituted a standing Disciplinary Committee to try members of staff who were colluding with illegal institutions to give them fake accreditation.

“Already, some senior management staff of the NBTE involved have been suspended and as I speak, while some are facing disciplinary committees, we will leave no stone unturned.

“One of you gave one of our staff N2.5 million to facilitate registration. It is illegal and we are investigating the fraud. I learned the staff has refunded the money but must face the full wrath of the law,” Bugaje said.

Also, the NBTE Director, Inspectorate, Hajiya Bilkisu Daku, said at the session that registration with the board is crucial in the establishment of colleges of health technology offering ND or HND in the country.

Daku added that the board partnered the police, DSS, Independent Corrupt Practices and other Related Offences Commission and other anti-graft agencies to curtail the proliferation of illegal institutions.

It has been argued in some quarters that government established institutions alone cannot develop enough manpower required by the nation’s health sector.

While acknowledging this assertion, NBTE Director, Monotechnic Programmes, Mr Samaila Tanko, said private sector participation in the training of manpower must follow approved channels.

He said NBTE was the agency that regulates all aspects of technical education that falls outside university education.

He said that health training offered by colleges of health technologies and nursing schools was among the training regulated by the NBTE and as they must comply with NBTE regulations.

Dr Sani Barka, Chairman, Association of Heads of Health Training Institutions in Nigeria, said at the event that the proliferation of illegal health colleges in the country was alarming.

Barka, who is the Provost, Gombe State College of Health Sciences and Technology, Kaltungo, commended the NBTE for taking steps to curb the trend.

Also, Dr Bayo Ojo, Chairman, Association of Provosts of Colleges of Health Sciences and Technology of Nigeria, described the move to sanitise the operations of colleges of health sciences as laudable.

Sharing a similar view, Mr Yahaya Tsumi, the Director, Special Duties, Nursing and Midwifery Council of Nigeria, said “what the NBTE is doing is a laudable move to check illegal health institutions.

“As a regulatory institution, we are in full support so that the right thing will be done to produce qualified health professionals”, he said.

For a country whose health sector needs to be upgraded, Nigeria can ill-afford poorly trained healthcare workers and care givers at whatever level.

This makes it necessary for all stakeholders to play their part in ensuring that training of health workers is done in environments that boast of global best practices.

Source: News Agency of Nigeria

Registrar reiterates NMCN’s commitment to healthy mothers, babies

Mr Faruk Abubakar, the Secretary General/Registrar, Nursing and Midwifery Council of Nigeria (NMCN), has reiterated the council’s commitment toward having healthy mothers and babies in the country.

He made the pledge during an interview with the News Agency of Nigeria (NAN) in Abuja on Friday on the occasion of the 2023 International Day of the Midwife.

The day is annually celebrated on May 5 to celebrate midwives’ commitment to saving lives and ensuring the health and wellbeing of women and newborn babies.

The 2023 edition has “Together Again: From Evidence to Reality” as its theme.

The NMCN registrar, therefore, stressed the importance of the day’s celebration, saying

“it is all about having healthy mothers and babies who can compete favourably for the growth of the nation.”

According to him, the more healthy mothers and babies a country can have, the more confidence there will be in the society.

He said that a nation with healthy mothers and infants would enable less or zero incidences of diseases, and that would allow mothers and women generally to be productive and contribute their quota to nation building.

Abubakar, who disclosed that there is no formal collaboration between Traditional Birth Attendants (TBA) and trained midwives in the country, however, said NMCN had been training midwives to replace the TBAs.

He said “this is why we introduced community midwives to work in rural areas’ there is no any collaboration, but rather if we train them and they are available, that is better.

”That is why we are encouraging political leaders to support this crusade, identify a community, train him or her, and send such a person back to that community to contribute his or her quota.

“The council trained 6,700 nurses in the last six years and 21,700 nurses and midwives within that period of time

“This idea will surely replace the traditional birth attendants, that is what we are focusing on, and that is our strategy as a council.”

The registrar also said that Nigeria can achieve zero maternal mortality with increased commitment and political will.

He explained that the major constraint to achieving zero maternal mortality is the absence of skilled trained midwives.

He encouraged states and local governments to also work toward training nurses and midwives and not to leave the responsibility to Federal Government alone.

He said “if all the three tiers of government remain committed, achieving zero maternal mortality is possible.”

Abubakar said the council had increased the admission quota of students into midwifery schools, colleges and faculty of nursing in schools.

He stressed that “the major challenges of the council are inadequate budgetary provision and shortage of manpower.

Meanwhile, the UN Population Fund (UNFPA) in its statement to mark the 2023 International Day of the Midwife, said Nigeria needs 70,000 more midwives to close the shortage gap.

The statement indicated that the Fund’s Executive Director, Dr Natalia Kanem, quoted the 2021 State of the World’s Midwifery Report as putting the shortage of midwives in the country at 30,000, which is six per 10,000 people.

“To close the gap by 2030, about 70,000 more midwives are needed; but with current estimates, only 40,000 more will be created.

“This shortage is particularly acute in Northern Nigeria where essential needs for maternal and reproductive healthcare are unmet.”

Source: News Agency of Nigeria

Over the past week, more than 780 households.

At least 176 people were killed overnight from Thursday to yesterday following flooding caused by heavy rains in two villages of the South Kivu province, eastern Democratic Republic of the Congo (DRC), said provincial governor Theo Ngwabidje Kasi yesterday.

According to the governor, at least 176 bodies were found in Bushushu and Nyamukubi, the areas hit by flooding caused by heavy rains.

Search operations are still underway in the areas since Friday morning under the coordination of the provincial governor.

Since last week, heavy rains have been reported in this part of the country where landslides regularly claim the lives of residents during rainy periods.

Over the past week, more than 780 households were left homeless following the floods that hit Uvira territory in South Kivu, and more than 600 houses were destroyed, according to the authorities of the province.

Source: The Namibian Press Agency

Fighting between the Sudanese army.

Angola’s President Joao Lourenco has advocated for a ceasefire in Sudan during a conversation with the Sudanese army chief Abdel Fattah al-Burhan over the phone, according to a statement posted on the Facebook page of the Angolan Presidency yesterday.

President Lourenco spoke on the phone with al-Burhan to address the situation in Sudan and encouraged the conflicting parties to move toward a ceasefire, emphasizing that dialogue is the only way to resolve conflicts, according to the statement.

The Angolan president also expressed Angola’s solidarity with the Sudanese people and lamented the consequences of the conflict, which has resulted in the loss of human lives, extensive infrastructure destruction, and the displacement of thousands of internally displaced persons and refugees, as per the statement.

During the phone call, the Angolan leader praised the initiative of South Sudan’s President Salva Kiir Mayardit, aimed at facilitating dialogue between Abdel Fattah al-Burhan and Mohamed Hamdani Dagalo, the head of the paramilitary Rapid Support Forces (RSF).

Fighting between the Sudanese army and the RSF erupted on April 15, with the two sides accusing each other of initiating the conflict.

Source: The Namibian Press Agency