Wednesday 16-22 October 2019, Edition

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The VOX POPULI SACRUM

POLITICS

Ikpeazu: Why road P.17 projects are delayed in Abia

racle

Today

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The Oracle Today WEDNESDAY 16 - TUESDAY 22 October 2019 ISSN: 2545-5869

ENTERTAINMENT

VOL.4 No.39 N200

BUSINESS

How P. 11 xenophobic attacks inspired my new single

NLNG commits to $2.5 bn gas purchase

P.25

– Angela Okorie

South East’s economic base weak, lacks growth potential – NBS Report

• At N76bn, Rivers’ IGR more than S’East’s combined • S’East States generate N40bn in 6 months • Enugu, Imo lead charge • Anambra, Enugu among 5 States with lower IGR within period under revenue • More investments in S’East, higher IGR—experts

By KAYODE OGUNWALE and PAMELA EBOH

O

ne of the major indicators of growth and size of an economy--the quantum of internally generated revenue, which also derives from the level

• Gov. Ikpeazu, Abia

of production, employment and progressive taxation, is grossly underperforming in the South East States of Nigeria, the National Bureau of Statistics (NBS) has disclosed in its 2019 half-year report. According to the report,

which was realised over the weekend, Rivers State with N76bn generated more revenue internally within the period under revenue than the five South East States put together, a clear indication of the low level of economic production and, by

• Gov. Obiano, Anambra

extension, employment generated by the economies of the South East States. Specifically, the SouthEast States of Abia, Anambra, Ebonyi, Enugu and Imo altogether reportedly raked in internally generated reve-

• Gov. Umahi, Ebonyi

nue (IGR) of N40.376 billion in the first half of 2019. According to the National Bureau of Statistics (NBS) report on half-year 2019 IGR for all the 36 States of the federation and the Federal Capital Territory (FCT), Abuja, released over the week-

• Gov. Ugwuanyi, Enugu

end, Enugu State generated the highest amount of N10.699 billion during the first six months of the year 2019, followed by Imo State with N10.550 billion during the same period. Abia State

Cont’d on page 4

• Gov. Ihedioha, Imo

Glo has helped make Ofala huge tourism spectacle – Obi of Onitsha From JONATHAN AWANYAI

T

he 2019 edition of the Onitsha Ofala Festival, sponsored by national telecommunications company, Globacom, was a grand celebration of cul-

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ture and tradition on Friday at the Onitsha Ime Obi, the palace of the Obi of Onitsha, Igwe Nnaemeka Achebe. The Onitsha monarch, who made a grand royal entry into the Ime Obi

arena accompanied by his Ndi Ichies and other palace functionaries, was a sight to behold as he danced to the royal traditional egwu ota drums, to the applause of the dignitaries,indigenes of Onitsha Kingdom and other

tourists. Welcoming his subjects and guests to the festival, Igwe Achebe paid tribute to Globacom for supporting the Ofala festival as the

Cont’d on page 4

Defections hit PDP in Bayelsa over Dickson’s politics


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