TUESDAY 21ST AUGUST 2018

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NBS: With N3.45tn, Oil Sector Got Highest Credit in Q2 Insists economy out of recession

Obinna Chima in Lagos, Ndubuisi Francis and Flourish Arinzechi in Abuja The National Bureau of Statistics (NBS) has put the total amount

of credit allocated by banks to the oil and gas sector in the second quarter of 2018 at N3.45 trillion, which it said was the highest during the period. The agency has also

debunked reports credited to the Statistician-General of the Federation and Chief Executive Officer of the agency, Dr. Yemi Kale, to the effect that the economy was still in recession.

The oil sector had recorded total credit allocation of N3.42 trillion in the first quarter of the year. The NBS stated this in a report titled, ‘Selected

Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels and Staff Strength,’ it posted on its website yesterday. In terms of credit to private

sector, the total value of credit allocated by the banks in the period under review dropped slightly to N15.34 trillion, as Continued on page 34

Nigeria Air, Waste of Resources, Says Ezekwesili … Page 34 Tuesday 21 August, 2018 Vol 23. No 8525. Price: N250

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Akpabio: APC will Take over Akwa Ibom Like Hitler Took Poland… Page 34

Saraki, Tambuwal Fire Back at Tinubu, Say He’s a Pretender “I can also vividly recall that he himself always expressed his displeasure with the style of the government and also mentioned that he had equally suffered disrespect from the same government, which we all worked to put in office.” Deji Elumoye in Abuja The Senate President, Dr. Bukola Saraki, and Governor of Sokoto State, Hon. Aminu Tambuwal, yesterday fired back at the National Leader of the All Progressives Congress (APC), saying his support for President Muhammadu Buhari was pretentious,

having complained, in private discussions, that he was unhappy about the president’s style of governance. Tinubu had on Sunday said Saraki, Tambuwal and others that defected from the APC to the Peoples Democratic Party (PDP) and others parties, did Continued on page 8

Step up Your Game, Buhari Tells Security Chiefs Military kills 21 herdsmen militia in Benue, Nasarawa Omololu Ogunmade in Abuja and George Okoh in Makurdi President Muhammadu Buhari yesterday resumed duty in the State House, Abuja, presiding over a Security Council meeting and

ordering the service chiefs to raise the tempo of security operations in the country with a view to guaranteeing peace and safety of citizens. While the meeting received disturbing security reports Continued on page 34

Concerns Mount over PDP Presidential Aspirants’ Rising Numbers ... Page 8

BARKA DE SALLAH… L-R: National Security Adviser, Maj. Gen. Babagana Monguno (rtd.); Secretary to Government of the Federation, Mr Boss Mustapha; and President Muhammadu Buhari, during the departure of the president from Abuja to Daura for Sallah holiday…yesterday STATE HOUSE


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