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FG not planning to limit childbirth despite population explosion

Nigeria currently stands as the seventh most populous nation in the world with rate of 2.61%.

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Zainab Ahmed, Pres. Buhari to review Finance Bill, tax reform yearly to finance budget 

The Federal Government has denied reports that it was planning an economic policy to limit childbirth in the country. Despite Nigeria’s population growing at an alarming rate with the growth rate standing at 2.61%, Nigeria is not going to cap the number of children a woman could give birth to.

According to the Minister of Finance, Zainab Ahmed, who refuted the allegation on her Twitter handle, @ZShamsuna, she said Nigeria is only engaging critical stakeholders like traditional and religious leaders to sensitise their members on child spacing.

The Minister tweeted:

“The federal government has been engaging critical stakeholders like traditional and religious leaders to advise their members on child spacing. We never said we are placing a cap on childbirth. What is child spacing? This is a healthy practice of waiting between pregnancies.”

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Estimated Population

Nigeria is yet to conduct a population census since 2006, after the proposed 2016 census failed to hold, though, another one is proposed for 2018. However, Nigeria currently stands as the seventh most populous nation in the world with an estimated population of about 198 million people and a population growth rate of 2.61%. Also, 2.57% of the world population currently resides in Nigeria.

Population Growth Rate

According to the United Nations Population Fund (UNFPA), there were only 37.9 million Nigerians as of 1950. At independence in 1960, Nigeria’s population had risen to 45.1 million with a yearly population growth rate of 2% while it jumped to 56 million in 1970 with a growth rate of 2.2%. By the end of 1980, the total number of Nigerians was 73.5 million with a population growth rate of 2.9% but dropped to 2.65% in 1990, with a population of 95.3 million.

At the turn of the century in the year 2000, Nigeria’s population has grown out of proportion and she consequently broke into the list of world’s top ten most populous countries, with a population of 122.4 million inhabitants. Ten years later in 2010, the yearly population growth was 2.7%, with a population of 158 million people.

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Financial Services

Protecting your money from fraudsters

The ability to carry out transactions from the comfort of your homes, comes with the responsibility of safeguarding your money.

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Financial crisis is imminent in Nigeria -Dr. Segun Aina, Yahoo Yahoo

The advent of the cashless policy in Nigeria came as both a gift and a curse. On the plus side, one does not need to lug bags of cash around, especially for interstate transactions—just get depositors to transfer funds to your account, and you in turn, transfer to your business partners.

The policy has also made banks more innovative by creating various payment platforms that don’t need physical cash. Each bank has a robust mobile banking app where customers can transfer funds, subscribe for cable TV, book flights, buy airtime, etc., without entering a banking hall. For those without smart phones, the Unstructured Supplementary Service Data (USSD) option is there. Even ATM cards have been upgraded to do more than pay cash. What a time to be alive!

However, with these strides in innovation, come the downsides—robbers have adapted with the times by moving from the highway and taking their “trade” online. The  various options open to customers for processing transactions can also be manipulated by thieves to defraud account holders of their hard-earned funds.

Hopefully, after reading this article, readers would be better armed to protect their funds from these “online robbers.”

1. Do not divulge sensitive account details to unknown callers

As surprising as it seems, many people still fall prey to this trick, despite several warnings. There have been many instances of people admitting that they received calls from unknown callers, who claim to be staff of various banks. They are told that their accounts require some form of upgrade\corrections, and to do this, information like ATM card PINs and PANs, and details of messages sent to the account owners’ phones are needed. The “bank staff” then creates mobile banking apps tied to the bank accounts of the unsuspecting owners, and from there, all funds are transferred to several unknown recipients.

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2. Protect card details

As already stated, ATM cards are not just used for cash withdrawals now—they can also be used for funds transfers, bills payments, online transactions, etc. this means that one does not necessarily need the physical presence of their card to process some transactions. With knowledge of the card Primary Account Number (PAN), which are the 16 digits displayed on the card’s surface, the Personal Identification Number (PIN), and Card Verification Value (CVV) number, displayed on the back of the card, funds can be moved from one’s account.

It is therefore important to protect these details, especially when using the card in public places like ATM lobbies, and POS machines. You should be equally careful not to call out such details, if absolutely necessary, within earshot of people.

3. Always keep your phone safe

Imagine mourning the loss of your phone, then having the added heartache of losing the funds in your bank account(s).

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The value of a phone goes beyond its price, these days. It contains private valued information of its owner, among which are bank account details; it also contains the SIM through which transaction alerts are received. The SIM makes it possible to process USSD transactions.

There have been instances where phones were given to repairmen, only for the owners to realise later that funds had been transferred from their accounts via USSD to unknown beneficiaries. Even relatives have been known to secretly steal funds from accounts, just by handling the owner’s phones.

Always keep your phone locked, and know where it is at all times.

4. Pay attention to transaction alerts

It is very easy to assume that all is well with one’s account, and not bother with checking transaction alerts. After all, it is what you withdrew that must have left the account, right? Wrong!

As explained above, funds could have left your account without your authorisation. So pay attention to your transaction alerts, especially the balances, and quickly investigate any transaction that was not initiated with your permission—the earlier the better, for quick resolution with your bank.

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Also note that the absence of alerts despite transactions could also be a red flag, as the SIM could have been swapped, giving fraudsters a free hand to run your account.

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5. Know the USSD code for instant account deactivation

Imagine the horror of receiving alerts showing that your account is being continuously debited as you helplessly watch it happen, especially during over weekend when banks are closed.

This doesn’t need to happen. Right from the first debit, you should be able to take action and deactivate your account to prevent further debits. This is why it is important to know the emergency code of each bank where your funds are kept. For example, with Zenith Bank, any phone can be used to enter USSD code *966*911#, provide your account number, and the number used to receive alerts, and the account gets instantly deactivated. After this, you can take your time to investigate the stolen money, instead of frantically running around to stop further debits.

It is also important to know the various ways to reach your bank during emergencies—get their customer care lines from their websites, and if they have chatbots, engage them; also know their email addresses. Getting your account officer’s number too is useful.

Conclusion

Apparently, with the ability to carry out transactions from the comfort of your homes, comes the responsibility of safeguarding your money (to an extent). These tips should make it easier to do so.

However, in a case where the money has already been stolen, contact your bank as soon as possible for investigation and possible recovery.

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Coronavirus

COVID-19 Update in Nigeria

On the 30th of October 2020, 170 new confirmed cases and 3 deaths were recorded in Nigeria

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The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 62,691 confirmed cases.

On the 30th of October 2020, 170 new confirmed cases and 3 deaths were recorded in Nigeria, having carried out a total daily test of 3,008 samples across the country.

To date, 62,521 cases have been confirmed, 58,249 cases have been discharged and 1,141 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 620,758 tests have been carried out as of October 30th, 2020 compared to 617,750 tests a day earlier.

COVID-19 Case Updates- 30th October 2020,

  • Total Number of Cases – 62,691
  • Total Number Discharged – 58,430
  • Total Deaths – 1,144
  • Total Tests Carried out – 620,758

According to the NCDC, the 170 new cases were reported from 11 states- Lagos (106), FCT (25), Oyo (14), Edo (7), Kaduna (7), Ogun (4), Bauchi (2), Benue (2), Kano (1), Osun (1), Rivers (1)

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 21,212, followed by Abuja (6,053), Plateau (3,630), Oyo (3,447), Rivers (2,810), Edo (2,664), Kaduna (2,648), Ogun (2,031), Delta (1,814), Kano (1,747), Ondo (1,666), Enugu (1,314),  Kwara (1,069), Ebonyi (1,049), Katsina (952), Osun (926), Abia (898), Gombe (883).  Borno (745), and Bauchi (713).

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Imo State has recorded 616 cases, Benue (493), Nasarawa (482), Bayelsa (412),  Ekiti (332), Jigawa (325), Akwa Ibom (295), Anambra (277), Niger (274), Adamawa (257), Sokoto (165), Taraba (146), Kebbi (93), Cross River (87), Yobe (82), Zamfara (79), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

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The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

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Coronavirus

Cristiano Ronaldo now tests negative for Coronavirus

Cristiano Ronaldo tested negative for coronavirus after nearly three weeks that he tested positive.

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Cristiano Ronaldo tests positive for COVID-19

Juventus F.C. star, Cristiano Ronaldo, has tested negative for coronavirus, nearly three weeks after he tested positive.

This was disclosed by his club via its website on Friday.

It stated, “Ronaldo carried out a check with a diagnostic test (swab) for COVID-19. The exam provided a negative result.

“The player has, therefore, recovered after 19 days and is no longer subjected to home isolation.”

What you should know

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Ronaldo had tested positive for COVID-19 on October 13, while playing with Portugal. He had been in self-isolation since returning to Italy.

The 35-year-old missed four games including Wednesday’s 2-0 Champions League defeat to Lionel Messi’s Barcelona, and Juventus’s 2-0 win at Dynamo Kiev in their Group G opener.

The five-time Ballon d’Or winner’s return will be a boost for Andrea Pirlo’s faltering side who are fifth in Serie A, four points behind leaders AC Milan.

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