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Wednesday, July 16, 2014 Vol. 1 No. 148
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Nigeria’s economy grows by 6.21% in first quarter N igeria’s economy grew by 6.21 per cent in the first quarter of 2014, up from 4.45 percent in the same period last year, according to figures from the National Bureau of Statistics (NBS) released
yesterday. The growth was, however, lower than 6.77 per cent recorded in the fourth quarter of 2013, while the nominal Gross Domestic Product (GDP) was estimated at N18,295, 631.91
or N14,535,420.95 million in real terms . Nigeria’s economy had grown 6.5 per cent and 7.0 per cent in 2012 and 2013 respectively and is projected by the World Bank to grow at 6.7 per cent, 5.5
per cent and 6.1 per cent respectively in 2014, 2015 and 2016. The services sector, which lifted the nation’s growth, accounted for 52.99 per cent of first quarter GDP and expanded by
7.20 per cent during the first three months of 2014, compared with a growth rate of 6.70 per cent in same period of 2013. First-quarter crude production however, fell to 2.26 million barrels per
day, down from 2.29 million barrels per day, according to the NBS. But contribution of non-oil sector to the growth of the economy reached 8.21 per cent in CONTINUED ON PAGE 4
Nyako’s sack: PDP regains full control of Adamawa
lDeputy resigns as speaker emerges acting governor lAPC, Atiku, Saraki, Hong react lAl-Makura evades impeachment notice service Our Reporters
T
he Adamawa State House of Assembly yesterday sacked the state Governor, Alhaji Murtala Nyako, thus paving the way for the Peoples Democratic Party (PDP), to regain full control of the state. Nyako, who was elected
Analysis on page 2 into office on the platform of the PDP, last year defected to the All Progressives Congress (APC). Another APC governor, Alhaji Umaru Tanko Al-Makura, who is also facing impeachment from the Nasarawa State House of Assembly, could not be served with the notice yesterday as security men CONTINUED ON PAGE 4
Aleghe succeeds Wali as NBA president }8 Lagos
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Acting Chief Judge of Adamawa State, Justice Ambrose Mammadi (left) administering oath of office on the Speaker of the House of Assembly, Alhaji Ahmadu Umaru, as the acting governor of the state at the Government House, Yola...yesterday
... Govs back Jonathan for second term Anule Emmanuel
P
resident Goodluck Jonathan has secured the support of a critical power bloc in the Peoples Democratic Party (PDP), governors, for his yet-to-be declared second term bid.
The governors endorsed the president at a meeting on Monday night at the State House, Abuja. Earlier, the PDP Caucus in the House of Represen-
tatives had also given the president the nod to seek re-election in 2015. The endorsements, especially from the governors, who control how
delegates from their states will vote during a presidential primary of the party, have cleared the coast for the president to run in 2015.
Although Jonathan has not officially indicated that he will seek a second term ticket of the party in 2015, his associates and aides CONTINUED ON PAGE 2
Police arrest Boko Haram’s ‘chief butcher’
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