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National Politics

Buhari Gives Nigeria’s Minting Company Sole Right To Produce E-passports

 

President Muhammadu Buhari has directed the Nigerian Security Printing & Minting Company (NSPMC) to solely produce and personalize all Nigerian E-passports and related documentation.

The directive was contained in a statement by Special Adviser to the President on Media and Publicity, Femi Adesina.

According to the statement, the renewed responsibility will end every existing memorandum of understanding and contracts on printing by other institutions and companies.

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The company which has the objective of producing the nation’s currency notes and coins for the Central Bank of Nigeria as well as security documents for Ministries, Departments and Agencies of government, banks and other blue-chip companies, is the largest banknote and security documents specialist printing company in West Africa.

Under the leadership of the CBN Governor, Mr Godwin Emefiele, the Mint was given targets after its performance was rapidly dwindling in terms of both currency production and security documents prior to 2014.

According to the Managing Director of The Mint, Mr Abbas Masanawa, the printing agency has witnessed turnover since the targets.

“The Mint has returned to profitability. From a moribund organization with heavy losses, the company grew from a loss position of N14. 6 million in 2014 to a profit of N14. 3 billion in 2018. Turnover also grew from N17.8 billion in 2014 to N61. 4 billion in 2018.

“Other achievements include enhanced production capacity, revenue diversification, reduced cost of production, the institutionalization of corporate governance, improved staff welfare and industrial harmony, among others.

“As we are moving to the Next Level, and poised to boost national security and integrity, we will conserve scarce foreign exchange, improve revenue generation, create job opportunities, and boost acquisition/transfer of technology.”

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National Politics

We Will Do Our Best To Help Libya Stabilise – Buhari

President Buhari holds bilateral meeting with Head of Libya’s Government of National Accord Mr Fayez Al-Sarraj at the sidelines of the 12th Extra Ordinary Session of the Assembly of African Union Heads of State and Government on 7th July 2019

 

President Muhammadu Buhari has assured the Head of Libya’s Government of National Accord (GNA), Fayez Al-Sarraj that Nigeria will continue to support the North Africa country regain political and security stability.

In a statement by Special Adviser to the President on Media & Publicity, Femi Adesina, both leaders met on the margins of the AU Summit in Niamey, Niger Republic, on Sunday, to discuss bilateral issues between Nigeria and Libya.

President Buhari also discussed the humanitarian crisis arising from insurgency and the drying up of Lake Chad, which has affected over 30 million people in the region who depend on the Lake for farming, fishing and animal husbandry.

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He also decried the menace of terrorism in the Sahel countries, noting that the instability in Libya has been a negative force on the Sahel.

Mr Al-Sarraj noted that there were over 6000 Nigerians in Libya, who see Libya as a gateway to Europe, and some Nigerians defy the desert to make perilous journeys across the Mediterranean and the Sahara Desert to Europe.

He told the President Buhari that there had been a lot of deaths and injuries in his country, pledging that his government was determined to put an end to the situation.

‘‘The aggression must stop. The solution is not military alone we also believe in diplomacy. We are also victims of terrorism, just like Nigeria.”

Al-Sarraj declared that Libya contributed a lot to the establishment and survival of the AU, adding that it was now time for Africa to reciprocate.