Red Alert! Security beefed up around Goodluck Jonathan

Security agencies including the State Security Services (SSS) and the Nigerian Police may have increased the security alert threshold of the acting President, Dr. Goodluck Jonathan.
“As it is with matters relating to security, the security agencies have beefed up security around the acting president because of the increased threat level to the person of the acting president,” an official said.
Though the state’s official would not give a reason for the increase in the threat level to the acting President, there are indications that events since the dramatic return of ailing President Umaru Musa Yar’Adua may have heightened security tension in the land.
“You know that there is a silent probe of strategic security officers of the presidential villa like the chief security officer to the president, Yusuf Mohammed Tilde and Yar’Adua’s aide-de-camp Mustapha Onoyveta and some other security details, this coupled with some other controversies still going on in the country, it is generally believed in security circles that the situation remains quite tempting for ambitious or aggrieved characters to want to take it out on the acting president. So, for me, I think these are some of the reasons the security alert around the acting president must have been increased.

FED GOVERNMENT LAUNCHES N50 BILLION MICRO CREDIT FUND

The Federal Government has affirmed its commitment to micro credit aspect of the economy with the launch of the N50 billion Micro Credit Fund. Dr. Goodluck Jonathan, the nation’s Vice President who represented President Umaru Musa Yar’Adua at the 3rd Annual Microfinance Conference and Microfinance/Entrepreneurship Awards organized by the Central Bank of Nigeria in Abuja, said that it was in recognition of the fact that access to finance is a powerful tool for moving people out of poverty into economic prosperity that the Federal Government launched the N50 Billion Micro Credit Fund (MCF).

While declaring the conference open, the President in his address, commended the CBN for the implementation of the Microfinance Policy, Regulatory and Supervisory framework launched in 2005, he noted that other similar measures adopted includes the 7-Point Agenda and several economic reforms.

The Governor of the CBN, Professor Chukwuma Soludo, in his address, underscored the effects of the current global financial crisis and highlighted the need for microfinance banks to re-position for better service delivery to their target clientele. He noted that in spite of the financial meltdown, the CBN is still committed to maintaining the value of the Naira, stable exchange and single digit inflation.

He reiterated the commitments of the CBN to the development of the microfinance sub-sector through the strengthening of regulatory frame-work capacity building like the introduction of the Entrepreneurship Development Centres and Certification programme for the operators of MFBs and the release of guidelines for the establishment of the credit bureau, Deposit Insurance, Agricultural Credit Guarantee Scheme (ACGS) and Interest Drawback Programme (IDP). Professor Soludo called on state and local governments and high net worth individuals, to establish MFBs, especially, in view of the un-even distribution of MFBs nation-wide.