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18 — Vanguard, WEDNESDAY, NOVEMBER 23, 2022 SUNDAY, November 20, 2022, passed, rather quietly, in Nigeria, though the world out there celebrated the 2022 edition of World Children’s Day. Yes, we do celebrate our own Nigerian Children’s Day on May 27 every year, yet we still need to respond to the universal day because we are part of it. The World Children’s Day, WCD, which was established in 1954 as the Universal Children’s Day, had a humble, distant beginning. It was founded as "Rose Day" on June 2, 1857, by Dr. Charles Leonard, the pastor of the Universal Church of the Redeemer in Massachusetts, USA. The Republic of Turkey, under its legendary President, Mustafa Kemal Ataturk, officially declared it a special day in 1929. When the UN General Assembly adopted it under the mandate of the United Nations Children’s Fund, UNICEF, it also enacted the Universal Marking World Children’s Day 2022 Declaration of the Rights of the Child, which established the minimum basis for the care and protection of the child anywhere in the world. The primary requirements under this charter were: the child must be given all it requires for normal physical, material, and spiritual development. A hungry child must be fed; a sick child must be nursed; a backward child must be helped; a delinquent child must be reclaimed; and the orphan must be provided for. It also stressed that in times of distress, the child must get the first relief and be protected from every form of exploitation. Also, the child must be prepared to be able to earn a livelihood in adulthood and conditioned to acquire skills to be able to serve fellow humans. These rights were later developed, and on November 20, 1989, the UN General Assembly adopted the Convention on the Rights of the Child, CRC. It was a compendium treaty of the human rights of the child that covered the social, political, economic, health, and cultural rights of children to prepare them as well-rounded future leaders. This charter has been followed as closely as possible, especially in the advanced Western world, where the rights of children are extensively secured by law. But the situation is different in the backward nations. These include Nigeria, where over 20 million children are out of school. Many are orphaned by jihadist terrorism, banditry and general insecurity. Child labour, street hawking, child marriages, child trafficking, "baby factories," and other heinous crimes against children still prevail despite the Child Rights Act, CRA, adopted in 2003. The Universal Children’s Day politely` reminds us of our obligations to develop policies and programmes that will protect Nigerian children, especially the girl child, who is still culturally relegated. For a better future, we must invest in our children. If we keep neglecting them, we are stoking a Hobbesian future for our society. OPINION Women, quality of life and sustainable development By FATIMA ALI BUSUGUMA WOMEN are the pioneers of any nation. The Nigerian culture attaches great importance to women, who comprise half of the world’s population. According to a report by the UN Secretary General, women account for 50 percent of human resources, making them the second-largest human resource after men in terms of potential. Women are the key to sustainable development and quality of life in the family. The variety of roles the women assume in the family are those of wife, leader, administrator, manager of family income, and last but not least, the most important, mother. As a wife, a woman is a man’s helpmate, partner, and comrade. She sacrifices her personal pleasure and ambitions, sets the standard of morality, relieves stress and strain, on the husband, and maintains peace and order in the household. Thereby, she creates a necessary environment for her male partner to think more about the economic enlistment of the family. She is the source of inspiration for men's high endeavours and worthwhile achievements in life. She is by his side in all crises and shares all of his successes and accomplishments. Likewise, she is the person to whom he turns for love, sympathy, understanding, comfort, and recognition. She is the symbol of purity, faithfulness, submission, and devotion to her husband. A well-ordered, disciplined household is essential to normal family life. The woman in the family assumes this function. She is the chief executive of an enterprise. She assigns duties among family members according to their interests and abilities, and provides resources in-term of equipment and materials to accomplish the job. Furthermore, she is responsible for meal preparation and serving, clothing selection and care, laundering, and house furnishing and maintenance. As an administrator, she organises various social functions in the family for social development. She also acts as a director of recreation. She plans various recreational activities to meet the needs of young and old members of the family. The woman acts as the humble manager of the family income. It is her responsibility to secure the maximum return from every penny spent. She always prefers to prepare a surplus budget instead of a deficit budget. When it comes to spending money, she is very calculated about her losses and gains. She distributes judiciously the income among different categories, such as necessities, comforts, and luxuries. The woman in the family also contributes to the family income through her own earning within or outside the home. She has positive contribution to the family income by the work. She herself performs in the home and uses waste products for productive purposes. The whole burden of childbearing and a greater part of the child rearing task are carried out by the woman in the family. She is primarily responsible for the child’s habit of self-control, orderliness, industriousness, theft, or honesty. Her contacts with the child during the most formative period of his development sets up his behaviour pattern. She is thus responsible for the maintenance of utmost discipline in the family. She is the child's first teacher. Furthermore, she passes on her social heritage to the child. It is from the mother The mother is the central personality of the home and the family circle; all the members turn to her for sympathy, understanding, and recognition that the child learns the laws of the race, the manner of men, moral code and ideals. The mother, because of her intimate and sustained contact with the child, she is able to discover and nurture the child’s special traits aptitudes and attitudes which subsequently play a key role in the shaping of his personality. As a mother, she is the family health officer. She is very much concerned about the physical wellbeing of every member of the family, the helpless infant, the sickly child, the adolescent youth, the senescent parent. She organises the home and its activities in such a way so that each member of the family has proper food, adequate sleep and sufficient recreation. Send Opinions & Letters to: opinions1234@yahoo.com Not only that, but she made the home a place of quite comfortable and appropriate setting for the children through her talent. Besides, she cultivates taste in interior design and arrangement, so that the home becomes an inviting, restful and cheerful place. The mother is the central personality of the home and the family circle. All the members turn to her for sympathy, understanding, and recognition. A woman devotes her time, labour and thought for the welfare of the members of her family. The woman performs the role of wife, partner, organiser, administrator, director, re-creator, disburser, economist, mother, disciplinarian, teacher, health officer, artist and queen in the family at the same time. Apart from it, a woman plays a key role in the socio-economic development of the society. They should act as social leaders, speaking out against women's violence, domestic and workplace exploitation, dowry prohibition superstition, and other social atrocities. They should be members of religious institutions, delivering spiritual messages to adolescent boys and girls in order to eradicate juvenile delinquency from society. Furthermore, it is women who have sustained societal growth and shaped the future of nations. In the emerging complex social scenario, women have a vital role to play in different sectors. They can no longer be considered mere harbingers of peace, but are emerging as a source of power and a symbol of progress. •Busuguma, a corps member with PRNigeria, wrote from Wuye
Inflation: We will continue to raise MPR level.” until... — CBN IN a sustained fight against inflationary pressures, the Central Bank of Nigeria, CBN, yesterday, further raised the Monetary Policy Rate, MPR, by 100 basis points to 16.5 per cent from 15.5 per cent. CBN Governor, Mr. Governor Emefiele, who disclosed this while speaking to the media on the outcome of the apex bank’s Monetary Policy Committee, MPC, meeting concluded yesterday, added that the apex bank will continue to raise the MPR until the inflation rate abates. Meanwhile, he also disclosed that the redesigned N1000, N500, and N200 notes will be unveiled today by President Mohammadu Buhari at the Federal Executive Council, FEC, adding that there is no going back on the January 31st deadline for end to the use of the existing currency notes as legal tender. The MPC, however, retained the Cash Reserve Ratio, CRR, at 32.5 per cent, Liquidity Ratio at 30 per cent, with the asymmetric corridor at +100/-700 basis point around the MPR. Inflation hurting economy The rising prices of goods and services had pushed triggered the inflation rate to 21.09 percent in October, 2022, in a nine consecutive months rise from 15.6 per cent in January, prompting the CBN to raise the MPR by 500 basis points within four consecutive MPC meetings from 11.5 percent in April 2022. Explaining the rationale for the further hike in the MPR, Emefiele said that the persistent rise in inflation is hurting economic growth and the driving factors are still existing. He stated: “We believe that at 21.9 percent inflation is already hurting economic growth. If we did not see this high level of inflation in the last seven months we would have been damned optimistic that growth would have hit close to 4.0 percent. But because of the aggressive rate of rise in inflation, it is hurting economic growth at this level in Nigeria and that is the reason you would see that we are taking this very seriously because whether you would even try to either loosen or hold rates low what you would find is that inflation rate at this kind of levels of above from 14 to 15 percent into 21 percent, economic growth would either decelerate or at best will be very very weak, would not be at a moderated INAUGURATION —— From left: Chairperson, Senate Committee on Women Affairs, Senator Betty Apiafi; Chairman, House of Representatives Committee on Health, Yusuf Tanko Sununu; UniAbuja Teaching Hospital (UATH) Chief Medical Director, Professor Bissallah Ekele; NLNG’s MD/CEO, Dr. Philip Mshelbila; the Aguma of Gwagwalada, HRM Alhaji Mahammadu Magaji; and NLNG’s Deputy MD, Olalekan Ogunleye at the inauguration of a modern maternity centre as part of the NLNG Hospital Support Programme in Abuja. Finance Minister inaugurates container scanners for ports Customs decries under-utilisation CURRENCY BUYING SELLING US DOLLAR POUNDS EURO FRANC YEN CFA WAUA RENMINBI RIYAL RAND Danish Krona 164.05 +3.65 89.60 +2.15 19.80 -0.06 89.60 +2.15 82.03 +1.99 442.63 443.13 443.63 522.6132 523.2036 523.7939 453.4744 453.9867 454.4989 461.9391 462.4609 462.9827 461.9391 462.4609 462.9827 0.6795 0.6895 0.6995 579.6684 580.3232 580.978 61.7594 61.8296 61.8998 117.7646 117.8976 118.0306 25.4593 25.488 25.5168 59.0766 59.1438 59.211 CBN Exchange rate as of 22/11/2022 By Godfrey Bivbere & Gideon Nnaemezia THE Minister of Finance and National Planning, Zainab Ahmed, yesterday, inaugurated three new scanners at the nation’s seaports. This was even as the Comptroller General of Customs, CGC, Hameed Ali, decried the underutilisation of the scanners at Apapa ports. Ahmed said the deployment of the scanners would reduce importation of unwholesome goods as well as increase government revenue collection. She also disclosed that additional 135 scanners were still expected for full automation of cargo clearing system across all ports of entry in the country. She stated: “The inauguration of the three new scanners today, is a MARITIME milestone in the Service efforts to expedite Customs operations, achieve ease of doing business, facilitate trade, prevent Port congestion, increase revenue generation to government and improve national security. “Furthermore, the current process of physical examination of cargoes is time consuming, causing loss of revenue to the government and cannot be compared with the Scanning of cargoes which is carried out in minutes and having the capacity to detect prohibited imports that are concealed in cargoes”. Ali had earlier warned terminal operators to cooperate with the Customs in the positioning of containers for scanning so as to prevent conflict between both bodies. He explained that the scanner at Apapa port has the capacity to scan between 400 and 500 containers daily but it is only scanning about 130 presently. Vanguard, WEDNESDAY, NOVEMBER 23, 2022 — 19 Buhari unveils new naira notes Announcing the unveiling of the Naira note by President Buhari, Emefiele stated: “We would not shift any deadline, what we have done is not against the law, it is in tandem with the law. “We announced this program on October 26, 2022 and we said upon release of the new currency, the legal tender would run concurrently with the old currency till 31, January 2023, that is almost 100 days. 100 days is enough for any person in any part of Nigeria to deposit his money in the bank and get ready to withdraw cash when the new notes are released. “Indeed we are no longer waiting till December 15th to unveil and begin to release the new notes. By the special grace of God tomorrow the 23rd of November 2022, the President has graciously accepted to unveil the new currencies”. Petrol price now N230 as scarcity bites harder in Lagos, environs By Ediri Ejoh THE price of petrol at the independent marketers segment of the petroleum products downstream market has gone up to about N230 in Lagos areas at the backdrop of heightened supply shortages. While the official pump price remained around N170 per litre, the independent marketers had sold at about N200 in the past one month before the just effected increase. Some of the operators told Vanguard that the depot and transportation cost have gone up to more than N220 as against the government approved price of N148.17 per litre forcing them to sale at N230 per litre. The national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, who confirmed the hike in prices, put the blame on private depot owners. He said: “The real cause of the price hike is the incessant increment in price by private depot owners. A litre of fuel is being sold to us at the rate of N210 and N214 per litre. When you add transport and logistics, you can imagine what the figure INDUSTRY ENERGY will amount to. “This is blackmail. The major marketers can sell at a lower price because they have depots but they sell to us at a higher price and expect us to dispense at the official price. How is that workable and possible? “We cannot cope with the harsh environment of doing business, caused by private depot owners. We are calling on the federal government to revive our various NNPC depots and remove us from these depot operators. Until the NNPC monitor and sell directly to us availability cannot be guaranteed.” A source at Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) insisted that there was enough products at the depots to meet demands, adding that members of the association have their products sold at the official price at their various filling stations. He said: “I can tell you that the situation is confusing to me. Last week we had a meeting with NNPC who confirmed to have had enough products to last for a long time. Certainly that is true as there are products at the depots to meet demand.” Tech drives economic devt, SDGs accomplishment The Sustainable Development Goals (SDGs) which are at the centre of economic development for people at the grassroots will be achieved through the support of technology, analysts at the 2022 Sustainability Table Series have said. Convener, Sustainability Table Series, Kayode Olaniyan, said there is need to leverage technology as a strategic tool and accelerator for collaboration, leapfrogging and establishing connections that support the economy. The event, organized by Avant- Garde Innovation and Technology Services with theme: Exploring the theme: Sustainable Development Goals (SDGs) in the Fourth Industrial Revolution (4IR)- Opportunities for growth in a circular economy. In his keynote address, Vice President, GICL, Kazeem Oladepo, said: “We have become a connected world. Within Nigeria, there is over 6,000km of fibre cable infrastructure connecting people. Despite this, 32-36 million Nigerians are currently unconnected, with communities that lack telephony and data access.” He stressed the need to create end-solutions that bring the enabling networks required to unlock the fourth industrial revolution in Nigeria as close as possible to the end users. Buttressing the importance of these networks, he opined, “At the core of sustainability is a circular economy, and at the core of a circular economy is connectivity. Connectivity helps with preserving and replacing resources, and ensures we are not duplicating resources, assets, and infrastructure that can be shared by multiple users on an openaccess basis.” Executive Governor of Lagos State, Babajide Sanwo-Olu, represented by Mr Olalekan Fatodu, the Senior Special Assistant on Sustainable Development Goals to the Governor, said the convergence of technological development and the development in infrastructure are the most viable means of achieving sustainable growth as encapsulated in the 2030 agenda.
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