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“Already, as you can see, the country is coming out of economic recession, soon the prices of commodities will go down, and generally things will take a good shape. We call on Nigerians to be patient and not to lose hope. I urge us to be prayerful and by God’s grace we shall get better and stronger as a nation,” he added.

“It is our expectation that this conference will address how to redeem our pride from our policy, retrieve insecurity from our restive waters, fish our profit from our seas and sail unwavering to our goals. We cannot allow our international partners to set agenda and champion our maritime cause for us. Africa’s seas should contribute to economic and environmental security and improve policies for ocean governance.”

“As a result of the limitations of the MSC regime and the objectives of the Payments System Vision 2020, the CBN, in consultation with industry stakeholders, has decided to migrate the payment card industry to a superior pricing mechanism. It is expected that the introduction of the new pricing regime will bring about even greater payment card issuance and utilisation, investment in loyalty programs and the expansion of acquirer network infrastructure across the country.”

“It is a sector that seems to have defiled recession, according to the bureau of statistics, its growing while other sectors may be experiencing challenges; that is not to say that we have reached Eldorado. But, it is a journey and we are beginning to see concrete development and the President as you know also approved an intervention fund for this sector, the first of its kind in the history of the mining sector,” he said.

The establishment of the fund was aimed at supporting the ministry’s policy framework, developing the sector and providing necessary administrative management of the fund in the following ways: the development of both human and physical capacity in the sector; funding for geoscientific data gathering, storage and retrieval to meet the needs of the private sector.