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No Nigerian Passport without NIMC in 2018 -Presidency

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THE Federal Government has said that anybody that does not have identification number from the National Identification Management Commission, NIMC, from 1st January 2018 will not be issued with the Nigerian passport.

Government also said that anybody that intends to apply for the renewal of his or her passport or wants a fresh passport but is residing outside the country will first have identification number from NIMC or will be denied issuance or renewal of the passport. The Comptroller-General of Nigeria Immigration Service, NIS, Mohammed Babandede who disclosed this Tuesday after a meeting of database harmonization committee in Abuja explained that the reason behind the new policy was for ease of business in the country.

Babandede said that before now the biggest challenge in the country in getting the adequate data of those doing business in the country was that different parastatals and organizations were deploying their own technology without collaboration or synergy with sister organizations.

According to him, “The bulk lies on all our table. It is the harmonization of data and requires all of us to act but the biggest problem we are facing is that everybody is deploying his own technology. “There is a practical commitment to this, we have agreed that from 2018 1st January, anybody who is going to apply for Nigerian Passport, whether renewal or fresh must first have a NIMC number, national identity number. Why we are doing this is we want to ease business for Nigeria.

There is no need for you to go and have your bio metric captured by NIMC and then you come and capture again with the Nigeria Immigrations. “Once you give us your NIMC number we will collect the bio metric from NIMC and produce your passport. That is the intention to do in all other agencies. I have also given directive that any foreigner, non Nigerian resident in Nigeria will not get his permit renewed. “He or she will not get his renewed until he has a NIMC number.

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To achieve this, NIMC and passport numbers will be harmonized and we are committed to allow NIMC in Immigration. “All NIMC staff can work in our passport office so when you come to get the passport you can also get the National identity card.

The NIMC has also allowed immigration staff to work in their offices so anybody who is coming to claim Nigerian citizenship they will help to identify that citizen. That is the cooperation that we have had so far.” On whether those intending to have passport will have tax certificate before collecting passport, NIS CG said, “We are not talking of tax, we are talking of e-government.

We want to have one e-government. What government is saying is that when you want to collect any facilitate from any government agency, you don’t need to look for the document from any other government agency. “We should be able to access it, we should be able to know whether you have paid your tax or not. If you are coming through the airport and you want to leave Nigeria, we should be able to know that this guy has not paid his tax and you should be able to pay your tax before you depart. We are looking at one e-government and it is possible.” Also speaking, the Senior Special Assistant to the President on Information Communication Technology, ICT, Lanre Osibona said that the identification number from NIMC would help in tackling security challenges, bring in innovation in doing business, ensures social and financial inclusion.

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He said, “We just had a good meeting interns of national identity which we know is a great asset for the country and so much work has been ongoing with respect to harmonizing all the silo data bases. We are making progress finally. “The benefit of national identity is immense, security, innovation, social inclusion, financial inclusion.

These concern our citizens and it helps in forecasting budget, better planning. So we are determined to ensure that we deliver full concise database for all Nigerians.” On the timeline for the take off of the policy, he said, “It is good to also share with you that when we came in about two years ago there were 5 million records of NIlMC but today we have moved it close to 20million and we intend to have up to 30million by the end of this year. “We are working with the World Bank and Bill and Melinda Gates foundation to have a proper approach of how we will be able to capture over 180million over a three year period. Something else that is very worthwhile to mention is part of the effort of government with regard to digital economy.

“What we have also captured in here is the Public Key Infrastructure which will sit within NITDA. An intention of this is to allow for digital signing of key documents being able to authenticate our document digitally. “Again this helps meet the effort of the PEBEC on the ease of doing business. So we will be able to have CAC issue certificates digitally, NHIS, Tax Clearance, etc. so the resolution as part of the meeting here is that this will be driven by NITDA.”

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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