Tuesday 20th September 2016

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FG to Raise $2bn from Concession of Lagos-Kano/Port Harcourt- Maiduguri Rail Adeosun Seeks Interest Rate Reduction to Boost Growth Iyobosa Uwugiaren, James EmejoinAbujaandObinnaChima in Lagos with agency report The federal government plans to raise $2 billion

through the concession of the existing Lagos-Kano/ Port-Harcourt-Maiduguri rail line, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.

He spoke in Abuja just as the Minister of Finance, Mrs Kemi Adeosun, called for the lowering of interest rate to boost economic growth. Udoma, who also explained

that the federal government had released N400 billion out of the budgeted N1.8 trillion capital vote for the year, said discussions were on with General Electric (GE)

to take over the rail line as part of the efforts to multiply revenue sources to fund the budget. "We are working on all fronts at the same time. One is

to get oil production back - it is very important. Two, is the asset sales, concession and all that. We are discussing Continued on page 6

APC Appeal Committee Recommends Cancelation of Ondo Governorship Primary… Page 38 Tuesday 20 September, 2016 Vol 21. No 7817. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 16°C-33°C

MAIDUGURI 15°C-35°C

UT H

& RE A S O

ENUGU 22°C-34°C

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KANO 11°C-33°C

LAGOS 23C-31°C

PORT HARCOURT 20°C-30°C

Saraki: Senate’s Mandate this Session is Economy, Economy, Economy Says we must get the nation out of recession in the shortest possible time To invite experts, economic management team Omololu Ogunmade in Abuja As the Senate resumes from its eight-week vacation today, the upper legislative chamber has resolved to devote today and tomorrow for intensive consideration

of the current economic recession with a view to identifying sustainable solutions capable of assisting the executive to resolve the crisis. Continued on page 8

NJC Investigates Judges Delivering Conflicting Judgments Tobi Soniyi in Abuja The Chief Justice of Nigeria (CJN), Justice Mahmud Mohammed, has said that the National Judicial Council (NJC) is investigating judges delivering conflicting judgments on same issues. The CJN, who was delivering his address at

the special session of the Supreme Court to mark the commencement of the 2016/2017 legal year and swearing-in of new Senior Advocates of Nigeria (SANs), said the council had received petitions against some judges who delivered Continued on page 6

OUT OF THE BOX PDP Reconciliation Inevitable, THINKING L – R: Minister of Information and Culture, Alhaji Lai Mohammed; Executive Chairman/CEO, BUA Group, Alhaji Abdulsamad Rabiu; and Vice-President Yemi Osinbajo during the Presidential Business Forum with key industry Says Makarfi… Page 10 stakeholders at the Presidential Villa, Abuja… yesterday


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Tuesday 20th September 2016 by THISDAY Newspapers Ltd - Issuu