DAU.Y TRUST
Wednesday,June 13.20 12
Business
Sanusi urges focus on building reserves, exchange rate stability TIiE GoJOerDOf of 1M Centnl Bank of NiFtIa ICBN). Malam Sanua Lamido Suus, 1u1 struKd tht ~ lOr N~nJl to £ocus on cbuddllll its reKfWI and stablJdi"lIM ' uhanst nlc to proeM k apniC
rurth. r a1loul from sJobaI «onomlc
uncolairty
Sar USI acknowkdgt'd that .II drive: 10 teplcr bit lhe country'. UUIS erode accou nt . •rlllCh mnains depkottd following 1M 2(()9 Jm" in oil prices. would require
pohtu:al"ill
Bauchi procures N2bn fertilizer TH E Ba Kltl State go'''""n men! has pr0cured 21.300 M50fled feruJlUri warth NU biUlOI'\ lO b\" dlnrlbul«ild rumen In th ' J ru....' rarming IQJOn. TIIC s lIe Commls&loner of A,neul · IU~ 3M N.llurll Re:sourcu. AlhaJi 1isiu Motwn'[lul.. d.l.Jdosed dus In Bauchl on Monc..lardurin81 mlnistniaJ bridi"l' lit ad.. rot 2012 rurrun, season• • total or •.1100 metric Ion. or Urn. hawalrHdy I~ procured at • Iou] cost of NSItO m Uinn. while 1,500 mw ic 10fU: o( NPk M \ C been bkndtd by Bauchl Fcrtiliur ,*,"108 rbnt. In .dditlon. 1.. .800 !MU 'C ICIl! olrtttillttrvaluftt at NI..6 mil · lionNiw: boom ailocatM 10 8.1uchiSlaleby lhe Fedc'"lll govcmment." n e c Im miuioMr said !Mllhe (crti · liur will bo· Mlid 10 farntfrJ at.50 pt.rcent IUbs,dy \IUDS c- wallel Iystun, addlns
He also toad the gk>baI publishing. march and consWlIncy fum. Oxford BusiDcM ~c,!,~~). lhal tIw COW1lry'. «anomie t woul,dbcndit from p-nlu prtv.tc ltCtor ImooiwmcnL He akllhe &Job-! «onomic outlook is stln uncutain, and it is Vital dUll 1ft rauJM our AVI"gI to thA wr.~ ~ lOt the wont in c:uc the Jlhillion dctaiontts..
Doln, 10 wID dtpmd on In Igrftmml .mC/nIan polItical f1ake-hoIMn invotYed. Structund adJlUlmmt Is ilio 0{ Uy conctm. 'W e "cui 10 get 10.11 p(lInl where we ha~ an Infrulructu~ whtrrby thcbalance:
_-
ah«1 of the govunme:nt b not the major drivn of Invutmmt· Sanusi wu conficknl INII'. tUm co recapitalizt Nlgma_ t.nb and put thdr babncc ahuts In order meant thq _~ nowwtlJ placed 10 pby their part in bouItms1md1n& !he quatJon now lies with thccounlu putia.. Vila! dtmcnu.lih: Inrrutructu~ CIIC'If.nd agricuhur.! tnnsfonnalJOn an whac will bring about b.nkabkcompamcs and pro;ccts. The ball now Iks in the p crnmmls court. hu.id.~ II~added that the 'Cashlile' rmvamlM,
wMch forms a key componenl In Nigerias efforts 10 miucc the volume of cash in cir· culation. was schcduJed 10 be roUcd out KrOll the count!'} at the bcpnnins 01 lOll rotIowina Its introduclion thls yrw in lAps. !he roII-<lUt 0'I'n 20 12 has b«n IOcuwd on ...... Stvell Its pnWmity to the land· Ina points o( fibre -artie _c:a~ it is idepositioned lOr I~ adopc--. InJtant dectronie tnnsfcn ha,", bcm mabkd. inlcrconncctlvity between ATMs is cnsund and mobilt banking IIc:CnKS ha,", bcm ~ he said.
an,.
Corporation to fight food insecurity in Islamic countries with $600
..
ISlAMIC Corporation lOr Dcvdopmml (10)) has announced that It has lid asKk S600 mffiion to addMi (ood xcurity in bWnk counlriclaeJ"mllhe world. II rma ,tllemmt ' igned by the ICD Director, Farld Muood. said r«mt (ood
shorugn and J'fk c incKIK1 ~ kwced food security 10 be at the IOrd"ront 0( mal ten: which merit inla"NleioNl conccm. Ihr Issue is mor~ rronounad b vari
ouslslanuc countries dwactniud by arid dlmaaes: and/or unc:Imkvdoptd 5:Jod and asrtcuhural sector; he said.. 'The I(]) fund wID make private cqwly Inwstmmts In partnership WIth the private KClor. p:~ina a muhiplkr effed on the fund's capital lad will be ~tiotW once II has niscd S)SO million, a.ntklpalM by ,.., md. ~ fund is the publk prrnte parI nenhip of Ihis IWUR' and Ilu to addreu the indrKImOes and WI.litaB'! racI.nB the
rrnr:
food and agricub.waJ KCtor thrnupou. ow mm1bcr countries," Mr KhaJJd AI Aboodi, the QUe( F.J:ecutift 0( 1m AkL The ltatemmt saki the (und would be IJWII!Cd bylspcdahud aS5d m~ company that would houR a team of 1eIJOned rroresston.ls. lndudi"8wcondmenlS (rom lCOaod Rob«o.asublidlaryoiDulcb Rabobank tJm would bring togcthn- atm~1O~mentapn-.enceandtndr«ord
In the bWnie countnn and international (ood and agncuItunl sector
tM1. ~a1r Cl dy. CM:r 300,000 fannen WCR' ~' «e J ,...tum placu BauchlSUdc In the first positK-n I.lTIOnI the J6 stales and FCT ., h~ c-waIkt aystcms hlw bem laun. htd ill Gwaram. Albkri Local Gov· ctnfflfllt AR'I fcK the 19 Northern Slates and amngemmts hlvc ~n conduckd lO roll OI lt the saks of (CTtUiur In all 1M: R'mam lllg local sovemOl~OI aR'al." hc
......
TU lu SOlid lD onJ"" lO meet up the dem uld .,.. ratJUur by (armm., dTorts IR' Mom maJc to pnKUR' fcttillur chcmials
fOr tl1c rro:iuctJOn ofNrK £crtihur. IV alJ.I U SC.bed 1M put control chanleD wonlt N12 mWion have bem rrncuml · In rtaU-a11On of the cconomk potentials cIWlton. f wale hal ",abhJlxd. Cotton ~ no"f1i Commlutt. he: saki..
NCll wants states to promote non-oil exports THE Nal,o 1&1 ( ouoalon Tradeand InWitmenl (N - I) has calkd rot- Increued pllJ 11(:Ir It ..... I ,-.( aU "ate pemn)CnU l emu the rOl.lllry In the rromodon of non -oU CXJlO'"Is ItS ;JIIrt 0( deliberate effort to grow lhe~~ , f
nil." I! COOlatnnl lnthe 16 point com
nlUnlqut ilsued at !he l'.nd of the Sih Meet -
108 "rlhe NatkmaJ Council on Trade and Involm' n ~ In MlnNl.Nlgcr State.. '" cotdll18 to rqKW1 rrom the Ministry
ofl't.dc u-d Ill'fUlmmt. NIF.fa ~~I~
non--oLl products 10 103 counlncsin 2011.
tht. IndUJlrlai Traini. . Fund (ITF) 10
valued 1.1 N.. 28bn whiehrq>rexnu 19pcr.
sumBlMn iucoUabonhon WIth staleF""
cau 1000nJe ow:r the pre-v;ous )Uf. HoweY'«. the Hen notftt that In ordc:r 10 boost. the IUllions non oil aport earn· inp and incrcur Its conlribulJOn to the Grou Domestk Product. there was an urpnl n«d to uJ'VAde the nbtinsStales' Upon Promotion Committees to El:port PTomotIon Agmcks 10 compl~mml the efforu the NIgm.n &port Promotion Council in onJer to improve vaIuc addition of products meant ror the apot1 market. 1M councU abo "mst.d lhe ~ I"of
or
cmrMnts In tM un of skIIll acquWtm and capKhy building In order 10 crnle mou Jobs. gmenk wealth and transrorm 1M nation'. «OnOntJ. The commun'qui tad In part: "The Ncrl recosn1us tht. crilkal role the Pr0duce Inspe'Ction Services (PIS) plays In U"port commodilies quality control. Howc-vn, It noted thaI tht. runction or Sbtes PToduu Insp«tion Scrvica raida; in mlOlStnftotOO than Commen:e, lnduItry and InvatmmI. II the cue may be and WJCd
states tocn5l.lR'tt.. the function olProduce
'''''''''''''' .""..",...dy domlcikd. "Council'"look. note of the apprDftl for the upp-ading of the Weishu and Meuum DMsion 10 tht. stalUl of a deJ-rtmmt. iU raUfKation by the NatJonaI Council on Establhhmml and the COOKqUmt ~ of nornmdalure to UpI Met roklz:y.• In orde, to fut-tack the Impk:~ta tlon of the ministry:' propoMd poUcyon the p1Itrooage of m~- In NiBC-ria products. tht. NCTl dirmcd thai the matter-be rd"crnd 10 the NalionaJ Economie Council (or CQnSideratim and cncIotwrnmt.