Business
FG explains why Buhari terminated IGP Adamu’s 3-month extension
The government said that the IGP’s tenure was terminated following the completion of the selection process for a new Inspector General of Police.

Published
1 week agoon

The Federal Government has revealed why President Buhari terminated the appointment of the outgoing Inspector General of Police (IGP), Muhammad Adamu, before the expiration of the 3-months extension.
The government said that the IGP’s tenure was terminated following the completion of the selection process for a new Inspector General of Police.
This disclosure was made by the Minister of Police Affairs, Maigari Dingyadi, while addressing State House Correspondents, at the Presidential Villa Abuja, where he announced the appointment of Deputy Inspector General of Police, Usman Baba, as the new Acting Inspector General with immediate effect.
READ: Deposed Emir of Kano, Sanusi sues IGP, DSS DG
What the Minister of Police Affairs is saying
While responding to a question on why the president did not allow the outgoing IGP to complete his 3-month extension tenure, the Minister said, “The president is aware of this and you cannot take away that responsibility from him; he’s the one who is in charge of appointing or extending tenures.
He has now decided to appoint a new person. So, please, allow him that responsibility and we cannot do anything about it.“
According to a report from the News Agency of Nigeria (NAN), Dingyadi pointed out that the appointment of the acting IGP followed a thorough check of a shortlist of suitably qualified police officers from the rank of DIGs and AIGs.
He said all the shortlisted candidates were police officers, eligible for appointment as Inspector General, in line with Section 7, Sub-section 2 of the Nigeria Police Act (2020).
READ: Reasons Reps call for taxation, remittances police
He said, “The tenure of the I-G Mohammed Adamu, which ended on February 1, 2021, was extended by the president to enable a detailed process of appointing a new I-G, in line with Section 15 (A) of the 1999 Constitution.
After a thorough check of a shortlist of suitably qualified police officers from the rank of DIGs and AIGs, who are eligible police officers, eligible for appointment as I-G, in line with Section 7, Sub-section 2 of the Nigeria Police Act (2020); and having regards to seniority, professionalism, a record of service and competence, the president has approved the appointment of an acting I-G, in the person of Usman Alkali Baba, with immediate effect. These changes are in line with the determination of the president to rejig the security architecture and to ensure that the security challenges bedevilling the nation are brought to an end.
The president has, therefore, charged the new appointee to rise to the challenge to ensure policing reform policy of this administration are fully prioritised and implemented to enable the police to perform most effectively for the peace and security of lives and property of all Nigerians,” he said.
In case you missed it
- Nairametrics had earlier reported that President Muhammadu Buhari had approved the appointment of DIG Usman Alkali Baba as acting Inspector-General of Police (IGP).
- He replaces Mr Mohammed Adamu whose tenure was extended by 3 months on February 4, by the President but was cut short after spending 2 months and 3 days.
Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]


Business
CBN includes sugar, wheat on FX restriction list
The CBN is set to include sugar and wheat in the forex restriction list.

Published
5 hours agoon
April 16, 2021
The Central Bank of Nigeria has announced plans to place sugar and wheat on its FX restriction list.
The plan was disclosed by the apex bank via its verified Twitter handle in a statement credited to the CBN governor, Godwin Emefiele.
The tweet stated: “Sugar and Wheat to go into our FX restriction list. We must work together to produce these items in Nigeria rather than import them. #Emefiele.”
Sugar and Wheat to go into our FX restriction list. We must work together to produce these items in Nigeria rather than import them . #Emefiele
— Central Bank of Nigeria (@cenbank) April 16, 2021
It would be recalled that over the years, the CBN has been reviewing its list of restricted food items to include more items, with the most recent being the addition of maize, a widely-consumed staple food in the country.
What you should know
- The CBN governor, Mr Godwin Emefiele, had earlier (on Thursday) given this hint while on an inspection visit to the proposed $500 million sugar processing facility in Nasarawa state, belonging to Dangote Sugar.
- In 2015, the CBN listed 41 items that had been placed on its FX restriction list citing that the move was necessary to conserve the nation’s foreign reserve and boost local production of the items on the restriction list.
- Some of the items which made the 2015 list are margarine, poultry and eggs, rice, and cement.
- In 2020, the apex bank included maize in its FX restriction list as it directed all authorised dealers to immediately discontinue the processing of Forms M for maize/corn importation into the country.
- Nairametrics had also earlier explained in its publication following the new policy shift, that the government’s premise for deciding to restrict FOREX on food is faulty, especially since Nigeria has not attained full food security and the agricultural sector is still struggling.
Business
FG signs new Sustainable Development Goals agreement with UN
The Agreement is for new development cooperation with initiatives towards achieving Sustainable Development Goals set in the UN Agenda 2030.

Published
10 hours agoon
April 16, 2021
The Nigerian Government has signed a deal with the United Nations to develop new cooperation towards achieving Sustainable Development Goals.
This was disclosed by the Minister of Foreign Affairs, Geoffrey Onyeama, in a statement on Thursday after the agreement was signed with the United Nations Office for Project Services, UNOPS, represented by Ifeoma Charles.
The Minister said, “On behalf of the Nigerian Government, I signed an agreement with the UNOPS represented by Ifeoma Charles Multi-Country Office Rep. The Agreement is for a new development cooperation with initiatives towards achieving Sustainable Development Goals set in the UN Agenda 2030.”
What you should know
The 17 Sustainable Development Goals are:
No Poverty; Zero Hunger, Good Health, and Well-being; Quality Education; Gender Equality; Clean Water and Sanitation; Affordable and Clean Energy; Decent Work and Economic Growth; Industry, Innovation and Infrastructure; Reducing Inequality; Sustainable Cities and Communities; Responsible Consumption and Production; Climate Action; Life Below Water; Life on Land; Peace, Justice and Strong Institutions; and Partnership for the Goals.
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