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N60bn printing: Experts differ as Emefiele defends action


However, the Minister of Finance, Budget and National Planning, Zainab Ahmed had at the end of the last Federal Executive Council Meeting (FEC), faulted Obaseki’s claim.
Obaseki in a reaction to this, said he stood by his comment, indicating he got his facts right.
But clearing the air recently on this, CBN governor Emefiele who field questions from newsmen in Tunga Awe LGA of Nasarawa state recently, said printing money is a key mandate of the bank and that it was part of lending to the government at difficult times.
“If you understand the concept of printing money. The concept of printing of money is about lending money. That is our job – print money. So there is no need to put controversy about the printing of money as if we are going into the factory, printing naira and distributing on the streets. ....

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Supporting and enhancing local content in electrical industries a top priority: SEC


March 03, 2021
RIYADH Saudi Electricity Company (SEC) has confirmed that supporting and enhancing the local content in the electrical industries in Saudi Arabia is at the top priority of its goals and aspiration.
SEC said that, as part of its strategy, it has started a number of initiatives and programs to enhance the localization in electrical industries that target transferring new technologies into the Kingdom.
This was during the webinar held by the company, on Tuesday, in cooperation with the Ministry of Investment, and in coordination with the Japanese Cooperation Center for the Middle East (JCCME).
Business Development Analyst at Saudi Electricity Company Eng. Mohanad Al-Maliki introduced SEC s paper entitled Localization Program BENA and Qualification Process at SEC , as it presented a group of opportunities in the electrical and the services industry, with a group of Japanese companies, in the presence of a group of investors and i ....

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