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Newsletter December 24th, 2017
Newsletter December 24th, 2017
Newsletter December 24th, 2017
- Dogara
Dogara @50 Charity
Football Match in pictures.
As part of events to mark the 50th birthday of
the Speaker of the House of Representatives,
Rt. Hon Yakubu Dogara, his group of friends
known as 'Friends of Rt. Hon Yakubu Dogara',
organised a charity football match in Abuja to
raise funds for internally displaced persons in
the North East.
In his remarks, Senate president, Sen. Bukola Saraki, The Speaker who stated this when he received a
noted that there has been progress in rebuilding the delegation from the Nigerian-American Cham-
North-East region and expressed hope that they will, ber of Commerce, Kaduna State Chapter, also
sooner, rather than later, return to their normal lives. argued that any country that fails to pro-
vide economic opportunities for its citizens is
Speaking on behalf of the IDPs, Miss Amina Gwoza, doomed.
expressed gratitude to the Speaker for the NEDC Act
and his concern for matters concerning them, saying
The Speaker assured that the National Assembly
they hope to see its impact very soon in the progress
and development of the North-East.
will continue to provide legislative support that
will create enabling environment forentrepre-
neurs, adding that the National Assembly had
passed legislations in record time to support
the growth of SMEs and the ease of doing busi-
ness in Nigeria.
The lawmakers noted that telephone number Furthermore, they proposed that the bail out should
masking via Voice-Over-IP Technology makes be applied through the Bank of Industry, the Bank of
it possible for fraudsters, criminals and terror- Agriculture, the Nigerian Export/ Import Bank at a sin-
ists from anywhere in the world to reach out gle digit interest rate with three(3) years moratorium,
and talk to anyone on their phones and de- while Cooperative and Micro Finance Banks will also
be included in the bail out programs to lend to busi-
fraud them of their money and valuables.
nesses at single digit interest rates to help boost the
stock and sales of those traders.
They added that the porous nature of the sys-
tem has led to numerous scams against con- The lawmakers also directed the Committees on Fi-
sumers and financial institutions, as well as al- nance, Industry, and Labour, Employment and Produc-
lowed hackers to sometimes abuse the pass- tivity to devise a plan that will enable the Federal Gov-
word recovery features of online services and ernment to actualise the bail out proposal to ailing
in the process, wrestle control of a victim's ac- and moribund industries in order to address the prob-
counts. lem of unemployment in the country
Apart from loss of revenue the accruable to the appoint managers (possibly from the pool of unem-
ployed graduates) through the participating Banks to
federal government,the House also said it was
join the Management Team of each entity to ensure
concerned that in the absence of an effective
the revival of the industries and full repayment of the
monitoring mechanism to checkmate it, the bail out funds after which the managers will be eased
trend poses a threat to the nation's security. out of the companies or retained on agreed terms.