Saturday 10th September 2016

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Nigeria Out of Recession Very Soon, CBN Assures Oil revenue fell from $3.2 billion to less than $500m Churns out palliatives

Christopher Isiguzo in Enugu The Central Bank of Nigeria (CBN) yesterday in Enugu assured Nigerians that the country would be out of the current economic recession soon, while also urging Nigerians to

take advantage of the numerous policies, initiatives and programmes packaged by the bank to cushion the effects of the biting economic recession in the country. Speaking at the bank's fair organised for small and me-

dium scale enterprises, artisan, farmers, banks, hairdressers, barbers, shoemakers and other business groups in Enugu, the Acting Director, Corporate Communications of CBN, Isaac Okoroafor said the bank was aware of the prevailing

economic condition in the country and added that the situation would not last long. "Though we are in trouble, it is just for a while. As fast as we can, let us re-adjust ourselves so we can get out of the present situation. First of all, what is

recession? Recession simply put, is a period of dwindling economic realities. Incomes are falling and government's revenue is dwindling. Unemployment is increasing because businesses are not the way they should be. They sack workers

because income is shrinking. "People are not spending especially in our case, because oil prices have collapsed and foreign exchange receipts have dried up; falling from Continued on page 8

FG Inaugurates Project Committee for Concession of Lagos/Abuja/Kano/PH Airports... Page 55 Saturday 10 September, 2016 Vol 21. No 7806 Price: N250

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Anglican Priest to Amaechi: Tell Buhari Nigerians are Suffering Eromosele Abiodun, Chiemelie Ezeobi and Peter Uzoho The Vicar of the Church of the Resurrection, Anglican Communion, 1004 Estate, Victoria Island, Lagos, Ven. Ife Okupevi has called on President Muhammadu Buhari to take urgent steps to steer the nation's economy from recession as the suffering in the land is becoming unbearable. He stated this while delivering his sermon at the funeral Continued on page 8

HONOURING A LIFE WELL SPENT

L-R: Group Managing Director/CEO, UBA, Mr. Kennedy Uzoka; Chairman, Mr. Tony Elumelu; Publisher, Abuja Enquiry, Mr. Dan Akpowa; the bereaved THISDAY Editor, Ijeoma Nwogwugwu; Minister of Transport, Mr. Rotimi Amaechi; Publisher/Editor-in-Chief, THISDAY, Mr. Nduka Obaigbena; Vice Chairman, Skyway Aviation Handling Company, Mr. Chike Ogeah; Executive Director, Sahara Group, Mr. Tonye Cole and Chairman, Egbin Power Plc, Mr. Kola Adesina, at the final burial ceremony of the late Mrs. Elizabeth Chinyere Nwogwugwu, in Lagos ...yesterday

Ize-Iyamu, Oshiomhole Trade Blame over Postponed Edo Poll Sunday Adigun

APC cabal orchestrated shift PDP registered 8,000 militants, says governor Fayose: It’s coup against Nigerians Wike has no links with militants, says Tam-George EU, British Council Sue for Peace Yemi Adebowale in Lagos, Iyobosa Uwugiaren in Abuja, Ernest Chinwo in Port Harcourt, Adibe Emenyonu in Benin City and Olakiitan Victor in Ado Ekiti Pastor Osagie Ize-Iyamu, the candidate of the Peoples Democratic Party in the now

rescheduled gubernatorial election in Edo State has alleged that the postponement of the election earlier scheduled for today had nothing to do with insecurity in the state. On the same day, Governor Adams Oshiomhole accused some governors in the SouthSouth of perfecting plans to rig the election, noting that about

8,000 militants from those states were now registered in Edo for the September 28 poll. Describing the postponement as well-planned to undermine the will of Edo people, IzeIyamu said he was convinced that the ‘’phantom security advice’’ by the Nigeria Police Force and the Department of State Security (DSS) was

orchestrated by Governor Adams Oshiomhole and some cabal within the APC – in the face of imminent defeat in the election. The PDP candidate, in a statement by the Media Unit of his campaign organisation yesterday, added that he was taken aback by the ‘’rash’’ security advice – a day after President Muham-

madu Buhari was present at the final campaign rally of the All Progressives Congress in Benin City, which was concluded without any security hitch. “It is regrettable, indefensible and shameful to hear from the security agencies that the Edo governorship election could not be held in a state without a history of security threat, and

where in less than 48 hours, the President and all the APC leaders across the country had converged on the city to hold their rally without security concerns. “What kind of insecurity are they talking about? It is on record that INEC recently Continued on page 8

Buhari Not Interested in Peaceful Resolution of the N/Delta Crisis, Says Ethnic Nationalities ... Page 14


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Saturday 10th September 2016 by THISDAY Newspapers Ltd - Issuu