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Senate explores policy options to mitigate impact of Naira depreciation

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Concerned about the recent decline of the Naira against major foreign currencies, the Senate, through its Committee on Finance, is actively considering various policy options to alleviate the impact of the currency’s devaluation and promote economic stability in Nigeria.

In a statement released on Sunday and signed by its chairman, Senator Sani Musa (APC Niger East), the committee outlined several measures aimed at addressing the currency’s depreciation. These measures include stringent oversight of fiscal policies, engagement with relevant stakeholders, and the development of targeted interventions to support critical sectors of the economy.

Musa emphasized the urgency of addressing the current economic challenges and the imperative of concerted efforts to combat the instability and continuous devaluation of the Naira. He expressed hope that economic managers would adhere to the administration’s standards to achieve the desired economic growth and prosperity for Nigeria, reaffirming the National Assembly’s support for the executive branch in achieving these goals.

While acknowledging the uncertainties facing the economy, Musa urged Nigerians to remain vigilant and resilient, emphasizing that collective efforts can overcome the challenges and lead the nation toward prosperity for all.

The statement, titled ‘State of the Nation Economy and Naira Depreciation,’ highlighted the significant challenges facing the Nigerian economy, both internally and externally. Despite efforts to stabilize economic growth, the persistent depreciation of the Naira against major foreign currencies remains a pressing concern.

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The committee underscored the need for proactive measures to safeguard the stability and resilience of the currency. It pledged to closely monitor the situation and collaborate with relevant stakeholders to implement effective policies and strategies. Additionally, it emphasized the importance of addressing the root causes of Naira depreciation, including fluctuations in global oil prices, fiscal deficits, and structural imbalances in the economy.

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US Patient Who Received First Pig Kidney Transplant Dies After Two Months

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Richard “Rick” Slayman, aged 62, battled end-stage kidney disease prior to undergoing surgery in March. He became the first individual to undergo a transplant involving a genetically modified pig kidney. However, the hospital where the procedure took place recently announced his passing, two months after the operation.

Mr. Slayman had been grappling with end-stage kidney disease before undergoing the groundbreaking surgery in March. Massachusetts General Hospital (MGH), where the transplant was conducted, stated that there were no indications linking his demise to the transplant.

While previous attempts at transplanting organs from genetically modified pigs had failed, Mr. Slayman’s operation was regarded as a significant milestone. Apart from kidney disease, he also struggled with Type 2 diabetes and hypertension. In 2018, he underwent a human kidney transplant, but the organ began to fail after five years.

Following his pig kidney transplant on March 16, doctors confirmed that he no longer required dialysis, indicating that the new organ was functioning effectively. MGH expressed gratitude to Mr. Slayman for his willingness to advance the field of xenotransplantation, referring to the transfer of living cells, tissues, or organs from one species to another.

His sudden passing deeply saddened MGH, which extended condolences to his family. Mr. Slayman’s relatives described his story as an inspiration, emphasizing his hope to provide encouragement for the thousands in need of transplants.

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Though Mr. Slayman received the first pig kidney transplant, it wasn’t the inaugural use of pig organs in transplant procedures. Two other patients had previously received pig heart transplants, but unfortunately, they passed away shortly afterward. In one instance, signs of organ rejection were observed, a common risk in transplants.

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Benue Govt bans farming on idle plots within Makurdi metropolis

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Benue State Governor, Rev. Fr. Hyacinth Alia, has issued an order banning farming on idle plots within Màkurdi metropolis.

He directed that all those using empty plots of land and the frontage of their houses to cultivate crops within Makurdi metropolis, should stop immediately.

This was contained in a statement by the Chief Press Secretary to the Governor, Tersoo Kula on Saturday in Makurdi.

Kula said the directive became neccessary because such areas are used as hideouts by criminals, who prefer dark areas to perpetrate their evil acts.

“The Government of Benue State under the leadership of Rev Fr Dr Hyacinth Iormem Alia is set to beautify the state capital.

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“Therefore, those who are using any portion of Land within Makurdi town, including spaces within and around offices, road and street set-backs to farm are directed to stop immediately.

“Those who have properly fenced their plots may be excused to farm only within the fenced portion(s).

“The Governor warns that any person caught farming on any portion of land in the state capital, will be made to answer certain questions.”

CREDIT: DAILY POST

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Gov Uba Sani vows to punish promoters of conflict in Kaduna

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Governor Uba Sani of Kaduna State has vowed that his administration will take concrete measures to punish those who promote conflict in the state.

The governor made the statement on Saturday in a meeting with the new executives of the Christian Association of Nigeria (CAN) in Kaduna.

He urged religious leaders to actively advocate for peace and unity among their followers and appreciated the collaborative efforts of both the Jama’atu Nasril Islam (JNI) and CAN towards the sustenance of peace and unity among themselves.

He assured his commitment to fulfilling the promises made during his election campaigns, stressing that Kaduna is important as a hub in northern Nigeria.

He said, “I am committed to supporting clerics by providing vehicles to reach all parts of the state effectively to spread messages of peace and unity.”

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Rev Celeb Maaji, the new Kaduna CAN chairman, had earlier praised the governor for his achievements in less than one year, saying that the governor’s historic attendance at a Christmas carol event last year was the true example of a good leadership.

The CAN state chairman assured of the Christian community’s support for the governor’s administration and urged him to reintroduce Christian activities such as the pilgrims board and Bible quiz competition in the state.

CREDIT: DAILY POST

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