Tuesday 29th August 2017

Page 1

President Says He’s Pleased With State of Economy, Inflation Dips to 16.05% Ndubuisi Francis and Omololu Ogunmade in Abuja President Muhammadu Buhari yesterday expressed satisfaction with the state of the economy, saying the main responsibility of the government was to bring succour to citizens in

all walks of life. Buhari gave the verdict after a meeting with the key managers of the economy – the Minister of Budget and National Planning, Senator Udoma Udo Udoma, his counterpart in the finance ministry, Mrs. Kemi Adeosun,

and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele – at the State House, Abuja. His first briefing on the economy since his return from a 103-day sojourn in the United Kingdom where he was receiving treatment for

an undisclosed ailment, came just as the National Bureau of Statistics (NBC) released its inflation report for the month of July, indicating that the rate of inflation dropped slightly to 16.05 per cent during the month, from 16.10 per cent in June.

The president, according to a terse statement by his Special Adviser, Media and Publicity, Mr. Femi Adesina, said both the ministers and CBN governor provided updates to Buhari on the economy, implementation of the 2017 budget, preparation for 2018

budget, revenue strategies, combined cost reduction and debt management. Adesina who said Buhari was glad that “things were looking up after two years of a yeoman’s job”, stressed Continued on page 8

EFCC: Alison-Madueke’s Extradition Must Follow Due Process… Page 9 Tuesday 29 August, 2017 Vol 22. No 8167. Price: N250

www.thisdaylive.com TR

UT H

& RE A S O

N

Pentagon Notifies US Congress of Sale of 12 Fighter Aircraft, Other Weapons Worth $593m to Nigeria Davidson Iriekpen with agency report

President Muhammadu Buhari (centre), when he met with his economic team, starting from left: Minister of Finance, Mrs. Kemi Adeosun; Minister of Budget and National Planning, Senator Udoma Udo Udoma; the president’s Chief of Staff, Mr. Abba Kyari; and Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, at the Presidential Villa, Abuja… yesterday

The U.S. Department of Defence has notified its Congress of the sale of 12 Super Tucano A-29 planes and weapons worth $593 million to Nigeria for the fight against Boko Haram. The move on the sale, which included thousands of bombs and rockets and was originally agreed by former President Barack Obama’s administration, was Continued on page 8

Buhari Weighs Options as Cabinet Reshuffle Tops Agenda Olawale Olaleye A mid-term cabinet reshuffle has topped President Muhammadu Buhari’s agenda since his return from the United Kingdom (UK) nine days ago and may have influenced his decision to defer last week’s meeting of the Federal Executive Council (FEC), THISDAY has learnt.

According to top presidency sources, Buhari has made up his mind to rejig his cabinet very soon but is torn between moving around the current crop of ministers or dropping them completely and replacing them with new appointees. THISDAY had exclusively reported that when VicePresident Yemi Osinbajo visited the president last month in

the United Kingdom, he had sought Buhari’s permission to reshuffle the cabinet. He had also presented Buhari with a draft list for the reshuffling of the cabinet for his consideration and approval. The president, it was gathered, however, asked his deputy to tarry a while until he returned to the country, informing Osinbajo

that since the administration was midway into its tenure, it would be the only opportunity for him (Buhari) to reshuffle the cabinet. It was on the basis of Buhari’s position that Osinbajo, upon his return to the country, swore-in Prof. Stephen Ocheni from Kogi State and Alhaji Suleiman Hassan from Gombe State, who had been confirmed

by the Senate as ministerial nominees, without assigning any portfolios to them. They were eventually assigned portfolios three days before Buhari’s return from the UK. With Buhari’s return since August 19, the president has been preoccupied with reshuffling his cabinet as soon as possible.

However, a presidency source confided in THISDAY that his ministers, who are all aware of the likely changes to take place, have been lobbying Buhari through their governors or close allies of the president, to either retain their ministries or be moved to other ministries that they Continued on page 8


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.