Latest News

Operator urges FG to subsidise pilgrimages fares

Published by

The Chairman of Bureau De Change (BDCs) operator in Sokoto State, Alhaji Aliyu Sahabi, has urged the Federal Government to subsidise fares being paid by intending Muslim and Christian pilgrims by 20 per cent.

Sahabi told newsmen in Sokoto on Sunday that the proposed gesture would make pilgrimages more affordable for intending Nigerians.

“Similarly, the Federal Government should approve a lower dollar exchange rate to the naira for prospective pilgrims as against the present N305 to the dollar.

“This high exchange rate is why the fares for the 2017 Muslim pilgrimage soared to over N 1.52million, hence, on the high side,” he said.

Sahabi also commended the Federal Government for releasing millions of dollars into the foreign exchange market in the country through the Central Bank of Nigeria (CBN).

He said his had helped in stabilising the market.

According to him, the happy development has also boosted the weekly supply of dollars to the operators from 5,000 dollars to 10,000 dollars, per week.

The chairman said: “This has made the exchange rate of the dollar to naira to hover between N362 and N 364, as we get routine supplies from the commercial banks at N 350.

“The bank should continue to monitor the activities of the commercial banks and the BDCs.

“I must also caution our members against conducting any illegal activities like dealing in faking currencies or aiding and abetting money laundering.”

Sahabi also applauded the Federal and Sokoto State Governments for the various developmental strides in the state and across the country.

He listed them to include the curtailing of insecurity and the sustained war against corruption by the Federal Government.

He, however, suggested that more efforts needed to be made by the Federal Government to turn around the nation’s economy.

Sahabi also advised Nigerians to continue to pray for President Muhammadu Buhari quick recovery so that he could return to Nigeria to continue his good works for Nigerians.

He also appealed to Nigerians to sustain their prayers for peace, unity and socioeconomic prosperity of Nigeria.

He lauded the Acting President, Prof. Yemi Osinbajo, on how he has been piloting the affairs of the country.

Recent Posts

Kwara youths laud Senator Mustapha’s developmental strides

Youths from across Kwara South Senatorial District have commended Senator Salihu Mustapha for his continued…

10 minutes ago

Insecurity: Tinubu urged to deploy drones, biometric systems to monitor Nigeria’s porous borders

A porous border allows insurgents and criminal elements to infiltrate and operate unchecked. Our geographical…

17 minutes ago

Firm seeks collaboration to harness technological engagement

Puzzle Craft PR & Communications, a newly established public relations and communications firm revealed plans…

24 minutes ago

Democracy Day testament to our collective resilience —KONGONET

Amb. Idris Ozovehe Muraina Chairperson, Kogi NGOs Network (KONGONET) has said that democracy day is…

25 minutes ago

Israel weighs military strike on Iran amid rising tensions — Source

This development comes as the US prepares for a new round of nuclear talks with…

31 minutes ago

Bauchi govt lauded for initiating creation of more emirates, chiefdoms

…as public analyst says it will demarginalise minority groups Bauchi State Government, led by the…

40 minutes ago

Welcome

Install

This website uses cookies.