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Sango Festival: Oyo Govt Harps on Culture As Foreign Exchange Source

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Oyo State government has called on Nigerians to see the promotion of their various cultures as viable means of generating foreign exchange income for the nation and the States concerned.

 

The Commissioner for Information, Culture and Tourism in the State, Dr. Wasiu Olatunbosun stated this at the 2019 Annual Sango Festival which held at the Palace of the Alaafin of Oyo, Oba Lamidi Adeyemi 111, at Oyo town, where he represented the governor, Engr. Seyi Makinde on Saturday.

 

Olatunbosun said governor Makinde was eager to use all legally possible means to revive the economy of the State so as not to rely on the federal allocation which, according to him, could not cater for the basic need of the people of the State.

 

He said the present administration was looking for ways of boosting its internally-generated revenue while the moribund State-owned companies would be revived to anchor job provision and commercial resuscitation that would help the State to be financially free from going cap in hands to Abuja for monthly allocation and monetary aids.

 

“Our rich culture like Sango festival is enough to earn us foreign currencies if well promoted and given the right support. The present administration is ready to work with the Iku Baba Yeye, Alaafin of Oyo, our revered father, Oba Lamidi Adeyemi 111, to see to the possibility of gaining another millage in generating revenue from cultural tourism through cultural festivals like Sango festival.

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“We shall continue to support this and every other important festival that exhibits Yoruba culture as iconic among other cultures in Nigeria and other parts of the world. These cultural celebrations are in themselves capable of giving the State the financial freedom we seek through agriculture, commercial development by revamping abandoned State-owned companies and invitation to foreign investors to come and establish businesses here.”

Olatunbosun sought the support of the people of the State for the success of the Makinde-led administration, as according to him, if the government succeeded, the entire people of the State would have succeeded.

The Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi called for collective voice of Yoruba people towards chatting a prosperous economic roadmap for the nation.

The first class royal father said the ailing economy of Nigeria needed the support of all tribes, especially Yoruba sons and daughters that have the intellectual wherewithal to help Nigeria survive her security and economic woes.

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Business

CBN dares House of Reps, Says no going back on cashless policy

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Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has reiterated that it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment system.

The CBN Governor, Mr Godwin Emefiele, on Friday  said this while briefing journalists shortly after the Monetary Policy Committee meeting.

Emefiele said that contrary to claims in some quarters that many Nigerians would suffer the negative impact of the policy, only about five to ten percent of bank customers would be affected.

He emphasized that  if the Nigerian economy is to compete effectively with those of developed countries, then a payment system that encourages the use of other non-cash channel was desirable.

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News

Kano govt. shut down O’Pay office, gives reason

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The Kano state government has ordered the police to shut down a branch of Opay office in the state. Opay is an online payment outlet for commercial tricycle operators.

The outlet, as gathered  was closed down during a raid carried out by the Kano state police command over alleged non-compliance with the government rules and directives.

The armed security personnel stormed the state office at Lodge road in Kano at about 11:00am on Thursday.

The police officers also ordered all the staff and scores of commercial tricycle operators known as Adaidaita Sahu to immediately vacate the premises, threatening anyone who failed to comply with the order risked arrest.

Confirming the development, the spokesman of the Police Command, DSP Abdullahi Haruna Kiyawa, explained that the command received an order from Kano state government to close the office.

Haruna added that the Opay company didn’t comply with some rules set for it by the state government in order to operate

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Sports

Ex- Manchester United striker, Berbatov retires

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Former Manchester United and Tottenham  striker, Dimitar Berbatov, has announced his retirement from football.

This is coming 18 months after leaving India’s Kerala Blasters, bringing an end to a glittering 20-year career.

The 38-year-old, Bulgaria’s record goalscorer, also played for CSKA Sofia; Bayer Leverkusen; Fulham; Monaco; and Greek side PAOK.

He has been without a club since leaving India’s Kerala Blasters 18 months ago.

“Someone told me I need to say something, and seeing that people were asking me, especially back home, I need to give a farewell message,” Berbatov wrote on Instagram.

“My last game was more then one year ago, so I think it’s the right time now to stop, and it’s long overdue.”

The Hotspur striker, who won two Premier League titles with Manchester United and was named Bulgaria’s Footballer of the Year seven times between 2004 and 2010, added that he planned to remain in soccer in some capacity.

“When I think about it, it’s never the end, because I will stay in the game one way or another,” he said.

Berbatov joined Manchester United from Tottenham in 2008 for what was then a club record fee of 30.75 million pounds (38.38 million dollars) .

He made his Bulgaria debut in 1999, aged 18, but retired from international football in 2010 after scoring 48 goals in 79 matches.

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