With $12.2bn, Capital Inflows Rise by 138.7% in 2017 Buhari excited as Qatar announces plan to invest in Nigeria Ndubuisi Francis and Omololu Ogunmade in Abuja The National Bureau of Statistics (NBS) has disclosed that total capital imported into
the country in 2017 stood at $12.23 billion, signposting an increase of $7.104 billion or 138.7 per cent from the figure recorded in 2016. Also, in the fourth quarter
of 2017, capital inflows stood at $5.38 billion, representing an annual growth of 247.5 per cent, and a quarterly growth of 29.9 per cent, the statistical agency revealed yesterday in
its fourth (Q4) 2017 and full year 2017 capital importation report. A breakdown of the figures indicated that capital importation in 2017 was
mainly driven by an increase in portfolio investment, which went up by $5.52 billion from the previous year to reach $7.33 billion in 2017, and accounting for 60 per cent of
capital imported. In the fourth quarter, total capital imported when compared to the previous Continued on page 10
As VAIDS Winds Down, FG Prepares to Shame, Prosecute Tax Offenders from April 1… Page 49 Friday 2 March, 2018 Vol 23. No 8352. Price: N250
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Northern Governors Meet, Say We’re Not Opposed to Ranching Pledge to support FG tackle security challenges John Shiklam in Kaduna In a departure from their initial stance, governors of the 19 Northern states in the country have said that they were not opposed to the ranching of cattle as a way of checking the incessant clashes between farmers and herdsmen and improving the production of dairy and meat products from livestock production.
In a communiqué issued by the forum and read out by the governor of Borno State, Kashim Shettima after its meeting in Kaduna yesterday, the forum said ranching was the surest way of enhancing the productivity of animals in the country. According to him, while cattle in other climes produce as much as 40 litres of milk per day, the breed of cattle
in the country produce only one litre daily, noting that it is not enough to meet the demands of Nigeria’s growing population, especially the Northern part. He said measures were being put in place by various state governments to improve the breed of cattle and quality of milk they produce. Continued on page 12
Senate, House Resolve to Domicile NFIU in CBN Egmont Group meets March 12 Damilola Oyedele and James Emejo in Abuja Nigeria’s expulsion from the Egmont Group may have been averted following the intervention yesterday evening by the President of the Senate, Dr. Bukola Saraki, and the Speaker of the House of Representatives, Hon. Yakubu Dogara, in the impasse at the conference committee level
on the harmonisation of the Nigeria Financial Intelligence Bill passed by the respective legislative chambers on the autonomy and domiciliation of the Nigeria Financial Intelligence Unit (NFIU). It was gathered that the two leaders of the National Assembly, who met behind closed doors, resolved to domicile the NFIU in the Central Bank of Nigeria
(CBN), in order to fast-track the passage of the bill. There had been a major altercation between the relevant Senate and House Committees on Financial Crimes and Anti-Corruption on whether to domicile the NFIU at the CBN or the Economic and Financial Crimes Commission (EFCC). Continued on page 10
Four Killed as Fresh Crisis Erupts on Mambilla Plateau… Page 49
A JOYFUL HOMECOMING… President Muhammadu Buhari (left), welcoming his son, Yusuf, home yesterday when the latter returned from overseas where he had undergone treatment following a motorbike accident last December (see story on page 12)