Elumelu to Clinton,Trump: Africa Needs More US Engagement in Trade, Investment Obinna Chima Chairman of Heirs Holdings,
Mr. Tony Elumelu, yesterday appealed to the leading candidates in the United States presidential election — Democratic Party’s Hilary
Clinton and Republican Party’s Donald Trump — to retain the prevailing US-Africa policy, saying it was adequate and would only need to be expanded and scaled up. “On US-Africa policy, some things don’t need
to change,” he told his audience as the keynote speaker at the US Senator Chris Coon’s Opportunity Africa Conference 2016 in Delaware, adding: “What they need is to be expanded and scaled up. In other
words, we need more US engagement in Africa through mutually beneficial trade and investment.” He said this would be his and 200 other US and African political and business leaders, including President
Obama and over 30 African presidents’ focus during next week’s US-Africa Business Forum in New York. “We would discuss how to strengthen mutually beneficial economic ties between the African and American
peoples," the chairman of Heirs Holdings said. Elumelu, who spoke on the theme, entrepreneurship, is one of Africa’s leading entrepreneurs, who is Continued on page 9
PDP Crisis: Sheriff Lists Conditions for Peace, Says Party Constitution is Supreme… Page 9 Monday 19 September, 2016 Vol 21. No 7816. Price: N250
www.thisdaylive.com TR
UT H
& RE A S O
N
Recession: The Worst is Over, Says Emefiele In a sign of recovery, $1bn capital inflow recorded in two months CBN Restates need for partial sale of oil assets to boost reserves, reflate economy Chika Amanze-Nwachuku As Nigerians grapple with the worst economic crisis to befall the country in more than two decades, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured the public that the economic recession will soon be over, given the strategic measures being put in place by the monetary and fiscal authorities to turn the economy around. Continued on page 9
“I repeat, the worst is over, Nigeria’s economy is on the path of recovery and growth. If you are a bystander, you are losing… join the train now before it leaves you.” – CBN Governor
…$66bn Spent On Bureau de Change in 11 years Chika Amanze-Nwachuku The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed that the central bank frittered away a whopping $66 billion over
an 11-year period funding Bureau de Change (BDC) operators, blaming this as one of the several policies that led to the erosion of Nigeria’s foreign reserves and is partly to blame for the economic crisis in the
country today. Speaking to journalists at the weekend, Emefiele recalled that in September 2008, Nigeria’s foreign reserves stood at $62 billion Continued on page 10
Ibori Raises Allegations of Corruption against British Police… Page 59
Emefiele