Tuesday 25th January 2017

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Manufacturers List Challenges to Economic Growth Seek review of items banned from accessing Forex Tobi Soniyi in Abuja The Organised Private Sector (OPS) yesterday listed 12 factors retarding the growth of the nation’s economy, isolating the prevailing huge scarcity of foreign exchange as the major impediment to

economic recovery. They also called for a review of the list of 41 items banned by the Central Bank of Nigeria (CBN) from accessing forex in the

Budget minister enumerates strategies for economic recovery

interbank forex market with the aim of removing raw materials components that could not be sourced locally. The OPS spoke in Abuja during the second meeting

of the Presidential Business Forum in Abuja, where the Minister of Budget and National Planning, Senator Udo Udoma Udo, listed the strategies the government

was deploying to drive economic recovery. The Chairman of the Manufacturers Association of Nigeria (MAN), Mr. Frank Udemba-Jacobs, who spoke

for the OPS enumerated the challenges the real sector was facing which he said had made it difficult to revive the economy. The OPS comprises the Manufacturers Association

House C'ttee Says Petrol Should Cost N70 per Litre‌ Page 9

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Tuesday 24 January, 2017 Vol 21. No 7950. Price: N250

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Again, Buhari Tells Senate to Confirm Magu as EFCC Chair Court hears suit against nominee on Feb. 13 Davidson Iriekpen in Lagos and Omololu Ogunmade in Abuja President Muhammadu Buhari has resubmitted the name of Mr. Ibrahim Magu to the Senate for confirmation as Chairman, Economic and Financial Crimes Commission (EFCC). The letter containing the

president’s request, according to THISDAY check, was delivered to the Senate President, Dr. Bukola Saraki, on Sunday night, five weeks after the upper chamber of the National Assembly rejected Magu’s confirmation because of an adverse security report Continued on page 8

Kachikwu Starts Visits to IOCs on FG’s ‘7Big Wins’ in Oil and Gas Sector Italy’s Eni commits to revamp Port Harcourt Refinery Ejiofor Alike As part of the efforts to implement the “7 Big Wins� in the oil and gas sector, which were launched by President Muhammadu Buhari late last year, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has urged

International Oil Companies (IOCs) to invest in building refineries in the Nigeria. This is coming as the Italian oil major, Eni has committed to deepen its participation in Nigeria's oil and gas sector by revamping the Port Harcourt Continued on page 8

PARTNERS‌ Northern Governors, Traditional Rulers Meet GLOBAL L-R: President/CEO, General Electric (GE) Africa, Mr. Jay Ireland; President/CE, Dangote Group, Alhaji Aliko Dangote; in Kaduna over Incessant Killings‌ Page 9 and Global CEO, General Electric, Mr. Jeffrey Immelt, during General Electric officials’ visit to Dangote Group Head Office, in Lagos‌ yesterday

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