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PRNIGERIA PRNigeria News
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    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

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      Tackle Corruption, Institutional Decay – ASUU Charges FG

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    • Customs, Defence Bureau Unveil Airboat for Smuggling War

      Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

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    • Customs Board Approves $300 Duty-Free Limit for Imports to Boost Commerce

      ICPC, State Information Chiefs Forge New Alliance to Combat Grassroots Corruption

      ARASE! I Will Forever Cherish your Kindness and Love -Good Night…

      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

      Again, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates…

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      • ICPC, State Information Chiefs Forge New Alliance to Combat Grassroots Corruption

        Shettima Condemns Borno Attack, Assures Perpetrators Won’t Escape Justice

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        JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting…

        Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

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      FCT Police Warn Residents Against Bribing Traffic Officers

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      Founder Image Merchant Promotion Ltd, Yushau Shuaib, Nigeria Customs CG, CGC Bashir Adewale Adeniyi and the IPRA representative during the 2024 GWA awards in Belgrade, Serbia

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  • E-Paper

    New Naira: MACBAN Warns CBN over Plights of Herders, Farmers who have no Bank Accounts

    By
    Muhammad Nura
    -
    February 4, 2023

    New Naira: MACBAN Warns CBN over Plights of Herders, Farmers who have no Bank Accounts

    The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), the umbrella body of Nigerian pastoralists has called on the Central Bank of Nigeria (CBN) to extend the deadline for the change of currency to cater for those pastoralists and small scale farmers living in the rural areas with no access to Banking infrastructure.
    MACBAN observes that because of the insurgency in the North East and North West of the country and other related security issues those who deal with livestock and who are excluded from the current Banking system in the country coupled with the debilitating network challenges, economic activities in the remortest areas have been crippled.

    While MACBAN supports the Federal Government in it’s current policy that seek to stem money laundering, terrorism financing, unregulated liquidity in the market and to curtail the use of money in politics.
    Reports from our members across the states show that unless the policy is modified, livestock markets across the states will be crippled as most the small livestock holders can’t accept money transfers for now.

    Read Also:

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    Now that An average cow costs between N250,000-N350,000, far above the cash transaction allowed by the CBN. The question is how will pastoralists who don’t have bank accounts be paid when they had no access to Banks and POS even service in the rural areas?.
    MACBAN states its member are some of the biggest victims to the security challenges in country the last eight years haven so far lost over 10,000 of its members and over 4.5 million livestock due to insurgency in the North East, banditry in the North West and cattle rustling in the North Central.
    The Association noted that It’s time for CBN come out and tell pastoralists and those who live on the fringes how they can be mainstreamed so that all Nigerians are made to share the gains and not only the pains ..
    MACBAN regrets that policies designed for urbanised Nigerians are imposed on rural people who lack all the infrastructure for a seamless inclusion into the mainstream Economy.

    The sensitization for the new policy ought to have been well thought and after the takeoff of the programme. This is what we as a body intend to hear and be engaged so as to enlighten our members rather than expose them to the dangers of hearsay, misinformation and insinuations that could lead to induced rebellion.
    While this policy has its long time benefits, let the CBN ease the difficulty that has arisen now.

    Muhammad Nura
    National PRO

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    FCT Police Warn Residents Against Bribing Traffic OfficersCustoms Board Approves $300 Duty-Free Limit for Imports to Boost CommerceNAF Establishes Forensic, Digital Crime Lab to Tackle InsecurityICPC, State Information Chiefs Forge New Alliance to Combat Grassroots CorruptionRecollecting a Media Dialogue on Words and Extremism in AbujaCustoms, Defence Bureau Unveil Airboat for Smuggling WarShettima Condemns Borno Attack, Assures Perpetrators Won’t Escape Justice​DSS Demands Retraction, Apology from Sowore Over Comments on TinubuBorno Village Attack Leaves Dozens Dead, UN Condemns ViolenceNDLEA Busts Drug Cartel, Arrests Kingpins, Seizes N6.4bn Worth of NarcoticsARASE! I Will Forever Cherish your Kindness and Love -Good Night BossMilitary Plants Trees, Donates Relief Items to Orphans in PlateauPHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates, Drive University DevelopmentAgain, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates 70th Anniversary in AfricaArmy Neutralize Notorious Bandit Leader, Others, Rescue Victims, Recover Weapons in Kogi
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