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Sterling Bank Partners Zipline On Medical Drone Delivery Service

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Sterling Bank Partners Zipline On Medical Drone Delivery Service

Sterling Bank’s Health Technology Partner, Zipline has signed a service level agreement with Kaduna State Government for the implementation of drones in the health supply chain system. Zipline, is a global drone delivery service and will use autonomous delivery drones to help transform emergency healthcare and expand access to critical life-saving medications in the State.

Mr. Obinna Ukachukwu, Divisional Head, Health and Education Sector for Sterling Bank Plc, who disclosed this in Kaduna today during the signing of the partnership’s Memorandum of Understanding said that the delivery services would not only include daily medical supplies such as blood pints and medicines but also include a plan to use the drones in the delivery of Covid-19 vaccines across the state.

According to him, the bank is supporting the initiative because health is one of the five sectors of the Nigerian economy that the bank has committed to and is consistently seeking to improve. The other sectors are education, agriculture, transportation and renewable energy.

Ukachukwu added that the bank was very proud of the partnership and would be committed to playing its part to deliver on the project, noting that Sterling Bank was playing advisory and business development roles. He also noted that this was the first implementation of this service in Nigeria, and that there were ongoing discussions with other states to adopt the service.

READ ALSO; FirstBank unveils school products, others

On the groundbreaking initiative, the Governor of Kaduna State Mallam Nasir Ahmad el-Rufai said, “Kaduna State has one of the best healthcare systems in Nigeria. But while we celebrate our successes, we must also recognize that we have much more work to do to create universal access to critical healthcare for all.”

According to him, “This is especially true when it comes to making sure that millions of people in the state have safe and timely access to the best Covid-19 vaccines available. This new emergency drone delivery service is a great solution to deliver vaccines, blood and other lifesaving products instantly when time is of essence. It will help ensure that millions of people in Kaduna State will always get the care they need.”

Also, during the event, Mr. Daniel Marfo, Senior Vice President at Zipline, stated that where people live should not determine whether or not they get access to medical supplies like the Covid-19 vaccine, noting that rural areas across the world are being hit hard by the virus.

“These communities face great challenges. That is why I am so proud of our partnership with Sterling Bank and Kaduna State. We can help health systems in Nigeria bypass the need for huge investments in ultra-low temperature infrastructure and increase Covid-19 vaccine access for millions through our drone delivery services and cold chain infrastructures and logistic capabilities. But this system is capable of so much more. It will also assist with the delivery of routine, critical and emergency medicines to hard-to-reach areas when they need them the most,” Marfo said.

He hinted that Zipline had built an end-to-end, cold chain distribution capability that allows it to safely deliver frozen and ultra-low Covid-19 vaccines and medical products.

 

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Obasanjo Lashes Out At Buhari Over Borrowing

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Obasanjo Lashes Out At Buhari Over Borrowing

Erstwhile President Olusegun Obasanjo has condemned the Federal Government’s plan to take fresh loans amid criticism by Nigerians over incessant borrowing by the current administration.

While speaking to Channels Television in South Africa, Obasanjo described as criminal, the alleged move to accumulate debts for the next generation to pay.

Obasanjo expressed worries that if the existing debts remain unserviced or unpaid by the President Muhammadu Buhari’s administration, it might become a huge problem for successive governments.

The president, a few days ago, requested the approval of the National Assembly to borrow the fresh sums of $4,054,476,863 and €710 million.

READ ALSO: Buhari Orders Incorporation Of NNPC Limited, Names Board Members

Reacting, the former president who believes that borrowing is not a problem, however, stated that the challenge would be the utilization of the borrowed fund and the plan or capacity to pay back.

He said: “But if you are borrowing and accumulating debts for the next generation and the next generation after them, it is criminal. What are you borrowing for?

“If we are borrowing for recurrent expenditure, it is the height of folly. If we are borrowing for development that can pay for itself, that is understandable. Then the payment, how long will it take to pay itself?”

 

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Buhari Orders Incorporation Of NNPC Limited, Names Board Members

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Buhari Orders Incorporation Of NNPC Limited, Names Board Members

President Muhammadu Buhari has ordered the incorporation of the Nigerian National Petroleum Company Limited.

In a statement on Sunday by the Special Adviser to the President (Media and Publicity), Femi Adesina, he said that the president gave the order in his capacity as the Minister of Petroleum.

“This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company,” the statement said.

The statement said the Group Managing Director of the NNPC, Mr Mele Kolo Kyari, had been directed to take necessary steps to ensure that the incorporation of the NNPC Limited is consistent with the provisions of the PIA 2021.

READ ALSO: How Bureaux De Change Finance Terrorism – CBN

President Buhari has also approved the appointment of the Board and Management of the NNPC Limited, with effect from the date of incorporation of the company.

The President named Senator Ifeanyi Ararume aa Chairman of the Board while Mele Kolo Kyari and Umar I. Ajiya were appointed as Chief Executive Officer, and Chief Financial Officer, respectively.

Other Board Members are; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Senator Margaret Chuba Okadigbo (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure (South West).

 

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How Bureaux De Change Finance Terrorism – CBN

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How Bureaux De Change Finance Terrorism - CBN

The Central Bank of Nigeria ( CBN) has moved to shut down the operations of Aboki FX, a website providing currency exchange information, which the bank described as an illegal and criminal platform.

CBN Governor Godwin Emefiele who disclosed this while fielding questions after the Monetary Policy Committee’s two-day meeting in Abuja on Friday, noted that the bank also plans to prosecute the owner of the platform, Olusegun Oniwinde.

He said: “I have given instructions to our experts to go after his website and let it be clear that we will go after him because we can’t allow this to continue.”

According to Emefiele, the CBN doesn’t recognize any forex market window besides the Investors and Exporters window.

Naira-dollar exchange rate has soared on the platform in the last couple of days. The platform currently recommends that bureau de change operators buy dollar at N560 and sell at N570.

On ban of forex sales to bureau de change operators, Emefiele said that the bank would not go back on its previous stance.

READ ALSO: CBN Bans Sale Of Dollars To Bureau De Change Operators

According to him, these BDC operators sell foreign exchange to criminals who import weapons to harm Nigerians and promote different forms of terrorism.

The CBN governor said: “It truly beats my imagination that Nigerians continued with this type of practice (selling dollars to BDC) that tended to promote illegal activities who are involved in graft and corrupt practices.

“We won’t support the corrupt tendencies of those who illegally buy dollars from our forex market, carry them in aircraft, buy arms and ammunition and bring them back into the country and conduct crimes. Whether it is Boko Haram, banditry and other nefarious activities.”

“Why will CBN give people our forex to go and buy arms? And that is what people want us to continue to do. We cannot do that. What we are saying is that if you have any legitimate need for forex, take it to the bank and they will sell you FOREX.”

 

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