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CBN GOVERNOR TO YOUTHS: “Don’t leave Nigeria.”

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The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has urged Nigerians, particularly the youth, not to leave the country.

He reassured them that the central bank is working towards creating an economy where everyone and every business can succeed.

Cardoso made this appeal during his keynote address at the 59th Annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos.

He emphasized that leaving the country at this time is not advisable for two key reasons. First, those who decide to leave may be forced to sell their assets at low prices, which could be easily taken advantage of by external investors seeking bargains.

Second, he urged Nigerians to be part of the solution to the country’s challenges, as the nation needs collective effort to overcome them.

Highlighting the numerous opportunities in the market, he noted that there has been growing interest in Nigeria, especially over the past year and six months.

Despite acknowledging the tough impact of the reforms on Nigerians, Cardoso stressed that these changes are designed to address current challenges while positioning the country for a prosperous future, ensuring that everyone can thrive in the long run.

“It is not a good idea to japa at this stage.

“Two reasons. One, those who may decide they are going to do that, they will sell and get rid of their assets.

“You’ll be doing it for cheap. Predators, who are outside looking for bargains, will come and take it and pocket it, put it in their pocket and wait for the turnaround and sell it away.

“Number two, you want to be part of the solution. You want to be part of the solution, and this is time that we need all hands on them.

There are opportunities in the market today, which I must say, from my experience over the past year and also for the past six months, a lot of interest from the outside in what is going on in Nigeria

“In taking positions in certain assets, so they see the opportunity, and we, who are here, should be part of the solution for the better things which will come.”

“We are building an economy where every individual, every business, and every community can thrive.

“This vision will not be achieved by one institution alone. It requires all of us — banks, regulators, businesses, and citizens — to work together with steadfast resolve”

 

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Lagos: Cause of Ijora-Badia explosion revealed

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Lagos State Fire and Rescue Service has revealed the real cause of the explosion that rocked the Ijora-Badia area of Lagos on Sunday afternoon, injuring no fewer than 15 people.

According to a statement by the Director of the Lagos State Fire and Rescue Service, Margaret Adeseye, the explosion occurred around 4:10 p.m. inside a mini shop stocked with 25kg gas cylinders.

The shop, located within a bungalow that housed 15 self-contained rooms and seven other shops, reportedly had five gas cylinders at the time of the incident.

Adeseye attributed the explosion to the mishandling of gas, which caused a leak that was ignited by a nearby flame.

“It was a case of poor handling of gas products, which unfortunately allowed gas to escape and come in contact with a flame. This triggered the explosion,” she confirmed.

The resulting fire, she said, was promptly extinguished by a team of firefighters from the Sari Iganmu Fire Station, with support from the Lagos State Emergency Management Agency, LASEMA, the Lagos Neighbourhood Safety Corps, and LASAMBUS.

While no fatalities were recorded, 15 persons sustained varying degrees of burn injuries.

Adeseye noted that several victims were treated with first aid on-site, while others were taken to nearby hospitals for further medical care.

She also assured residents that the area has since been secured and normalcy restored.

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Take-It-Back protesters scamper for safety as police fire tear gas during protest in Abuja.

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Officers of the Nigeria Police Force dispersed protesters with tear gas in the Maitama area of Abuja.

The protesters, who had gathered on Monday, April 7, scattered in different directions as the tear gas canisters were fired in their midst.

The protest is part of a nationwide demonstration spearheaded by the Take-It-Back Movement and other civil society organisations.

Key among the concerns raised by the organisers are the alleged misuse of the Cybercrime Act, the worsening economic hardship in the country, and what they described as a “state of emergency” in Rivers State.

The demonstrators carried placards bearing inscriptions such as “Stop the Repression” and “Let Us Breathe”.

Human rights activist Omoyele Sowore was also present at the protest ground.

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How I caught lots of people’s wives with big men, governors – Ali Baba

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Veteran Nigerian comedian, Ali Baba, has revealed that he has caught numerous wives of his friends and associates engaging in extramarital affairs with governors and wealthy politicians.

He made this revelation during an appearance on the Outside the Box podcast.

Speaking candidly about the unsavoury activities prevalent among the nation’s elite, the comedian recounted a particular encounter in which he saw the wife of an associate at the residence of a state governor.

He said: “I have been in the houses of a lot of big men—like governors and the rest—and I see wives of a lot of people that I know doing things, and I greet, ‘How are you? How is everything?’

“And then those guys would do their philandering, tap her bum and say, ‘Go back inside, I’m not finished with you,’ and she went back inside. Then I ran into her at an event, and her husband said, ‘Oh, how are you? Meet my wife.’ I responded, ‘Oh madam, it’s a pleasure. I haven’t seen you in five years. Where have you been?’ And she’s like, ‘I’ve been around, good to see you.’

“When she sees me somewhere after, she calls me and says, ‘Ali, thanks,’ I say, ‘It’s okay.’”

Ali Baba’s account casts a sharp light on the often unspoken indiscretions that occur behind closed doors in high society.

Credit: Blaze 91.5 FM

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