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Kannywood: Let development banks handle soft loans – Mandawari

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Amina Yusuf Ali

Prominent Kannywood filmmaker, Ibrahim Mandawari has called on the Central Bank to allow development banks rather than commercial banks to handle the distribution of soft loans to the industry.

KANO TODAY recalls that the Central Bank has allocated N200 billion to commercial banks under its Creative Industry Financing Initiative.

In a press statement distributed to reporters in Kano, Mr Mandawari said Kannywood practitioners are unable to meet the stringent conditions set by the commercial banks before accessing the funding.

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Hausa filmmakers cannot afford the N20 million collateral set by the commercial banks, Mr Mandawari said.

He lamented that Kannywood is already grappling with piracy, multiple taxation from regulatory agencies, as well as lack of investments in the sector.

The filmmaker therefore urged the Central Bank to allow banks like the Bank of Industry (BOI), and the Nigeria Export Import Bank (NEXIM) to control the fund so that the intended beneficiaries can access it.

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Just in: Finance Minister suspends Accountant-general over alleged N80bn fraud

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Aminu Abdullahi

The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has suspended the embattled Accountant-General of the Federation, Ahmed Idris, from office over his alleged involvement in N80billion fraud being investigated by the Economic and Financial Crimes Commission (EFCC).

KANO FOCUS reports that Idris was arrested on Monday by the operatives of the anti-graft agency over alleged diversion of funds and money laundering activities to the tune of N80billion.

He was arrested after failing to honour invitations by the EFCC to respond to issues connected to the fraudulent acts.

EFCC spokesperson, Wilson Uwujaren, in a statement, had said the commission’s verified intelligence showed that the AGF  raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.

He said the funds were laundered through real estate investments in Kano and Abuja.

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Danbatta Applauds Pantami’s Appointment as WISIS Chair

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Nasiru Yusuf

 

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has congratulated the Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, on his appointment as the Chairman of the 2022 World Summit on Information Society (WSIS) Forum by the International Telecommunication Union (ITU).

 KANO FOCUS reports that Danbatta described the choice of the Minister as chair of the Forum as a worthy recognition of Nigeria’s leadership role in the global digital economy ecosystem, noting that Nigeria has continued to hold a front-row seat in the promotion of information and communication technology (ICT) as a driving force for national development since the assumption of office of the Minister.

 “On behalf of the Board, Management and Staff of the Nigerian Communications Commission, I want to express our profound delight and congratulations to the Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, on his well-deserved appointment by the International Telecommunication Union (ITU) to chair this year’s WSIS Forum”, Danbatta stated.

 “The appointment did not surprise us at NCC, given the important role the Hon. Minister has been playing in driving fundamental digital economy policies, being implemented by agencies under his supervision, in order to boost the diversification policy of the Federal Government,” the EVC said.

 “We are, therefore, happy to associate with the Minister on this feat, as it means greater recognition for Nigeria. The appointment is an indication that the world has continued to take notice of the giant strides of Nigeria’s digital economy under the supervision of the Minister.

The NCC will continue to do everything within its regulatory mandate to further support the Federal Government’s drive for ubiquitous, affordable and accessible digital services across all nooks and crannies of the country,” Danbatta said.

Following consultations with various stakeholders, the ITU recently notified the Minister via a letter, of his appointment as the 2022 WSIS Chairman.

The ITU is orgainsing the WSIS 2022 Forum in collaboration with other agencies with the United Nations with a focus on “ICTs for Well-Being, Inclusion and Resilience: WSIS Cooperation for Accelerating Progress on the SDGs”.

As has been noted elsewhere, the appointment of Prof. Pantami has given Nigeria, and indeed, the African continent, the unique role of coordinating the activities of the WSIS in its 20th year, following the WSIS Phase I meeting which took place in 2003.

The WSIS Forum 2022, which will be attended by several high-level stakeholders, including Cabinet Ministers from ITU countries, will serve as a key platform to discuss the role of ICTs as a means to bolster the implementation of the Sustainable Development Goals targets.

The discourse will take place in the context of the mechanism for follow-up and review of the implementation of the 2030 Agenda for Sustainable Development (UNGA Resolution A/70/1).

The WSIS Forum also provides an opportunity to track the achievements of WSIS Action Lines in collaboration with the UN Agencies involved and provides information and analysis on the implementation of WSIS Action Lines since 2005.

The Forum aims at enhancing cooperation, partnership, innovation, exchange of experiences and good practices in ICTs for sustainable development across the world.

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Kano experiences heavy rainfall in next three days – NiMet

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Nasiru Yusuf

 

 

The Nigeria’s meteorological agency, NiMet, has forecast moderate to heavy rainfall within the next three days in Kano.

KANO FOCUS reports that NiMet announced this in its weather advisory on Tuesday.

“As a result of the expected moderate to heavy rainfall in the next three days, there are chances of flash flooding of roads and low-lying settlements,” the agency said.

It added that “there could be disruption of traffic due to flooded or closed roads, reduction in visibility, likely damage to mud houses and possible disruption in flight operations.”

The rain is expected to be accompanied by strong winds, lightning and thunder, hence the falling of weak buildings and displacement of makeshift structures are likely, NiMet said.

Hence, it advised the public to exercise restraint, disconnect electrical appliances before, not during the storm, and avoid standing or parking cars under trees as much as possible.

NiMet urges emergency agencies to be prepared and keep monitoring to avoid low-level areas and fast-flowing runoff waters.

It also advised the public to be prepared for these events to avoid damage from rain-related hazards.

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