Construction of Second Niger Bridge Should Name after Buhari

Construction of Second Niger Bridge Should Name after Buhari

Bashir Ahmad, the personal assistant to President Muhammadu Buhari on New Media, on Thursday, February 10, 2022, said the Second Niger Bridge is named after President Muhammadu Buhari, and not his predecessor, Goodluck Jonathan, sparking debates on social media.

Taking to Twitter, the Personal Assistant to President Muhammadu Buhari on New Media, shared a video of the 1.6km bridge, describing it as a major connection point between two economically vital regions in Nigeria.

Ladies and gentlemen, the Muhammadu Buhari Bridge (MBB), a 1.6KM Bridge that will be a major connection point between two economically vital regions in Nigeria,” he tweeted.

The tweet, however, didn’t go down well with some users as one, @Arizona_CF, said, “The name is 2nd Niger bridge. Any other name doesn’t stand a chance.”

Another user, @Greenaetion also said, “It is not Muhammadu Buhari Bridge and it can never be. It wasn’t Buhari who initiated the project nor did he use his salary to construct the Bridge. That’s 2nd Niger Bridge or Southern Link Bridge.”

In defence of his principal, Ahmad responded saying, “So, can we call it Goodluck Jonathan Bridge for sketching the bridge? The bridge is to be called ‘Muhammadu Buhari Bridge’, read the name again and let it sink in your head.”

The Second Niger Bridge is being constructed to ease the burden on the Niger Bridge which links Onitsha and Asaba.

 Nigerianewslite

CBN unveils framework to check bad loans

The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions (GSI), aimed at checking the spate of bad loans within the banking sector. According to a statement by Chibuzo Efobi, for the Director, Financial Policy and Regulation Department of the apex bank, the initiative was conceived to address recurring instances of willful loan default in the industry.

Efobi said that the guidelines would enhance the establishment of a “watch list” and identify recalcitrant loan defaulters and enhance loan recovery from all eligible and funded accounts in the industry. He added that it would also improve credit payment culture and reduce non-performing loans in the Nigerian banking system.

“Consequently, please be informed that the frequency of recovery attempts via the GSI platform has been amended from specific number to continuous and unrestricted number,’’ he said. He said that the GSI automated loan recovery feature applicable to all loans in the industry shall remain perpetually in place throughout the life of the loan, or until it is fully repaid.

He urged members of the banking public to check the CBN website, www.cbn.gov.ng for perusal of the guidelines. The News Agency of Nigeria (NAN) reports that the GSI initiative was approved by the Bankers’ Committee at its meeting in February, 2020. The CBN, thereafter, collaborated with relevant stakeholders to develop necessary protocols to facilitate implementation of the GSI, for eligible loans granted with effect from Aug. 28, 2019.