CBN, Banks to Disburse N200bn Single-digit Loans to Creative Industry, Others Nume Ekeghe The Central Bank of Nigeria (CBN) and banks, under the aegis of the Bankers' Committee, yesterday said they have resolved to commence the disbursement of single-digit loans to the
creative industry, some targeted cash crops, as well as to intensify their support for other operators in the non-oil sector. The amount to be disbursed to operators in these sectors was put at N200 billion. This is just as the committee
reiterated that despite the concerns about the recently held general election, the country recorded foreign portfolio inflows (FPIs) of $6 billion in the first quarter of 2019. The Director, Banking Supervision Department,
CBN, Mr. Ahmed Abdullahi, said this yesterday at a media briefing at the end of the Bankers’ Committee meeting in Lagos. Speaking on the increased FPIs inflows, Abdullahi said: “The Bankers' Committee noted that lending to the
private sector and the economy has increased and that is very positive news. Also confidence by portfolio investors has also increased. Between January and March despite the issue of the elections, $6 billion came in and that is positive news.” Also, the Group Managing
Director/Chief Executive of Access Bank, Herbert Wigwe, while speaking to journalists, said the committee would commence disbursement of funds for the creative industry. According to him, the Continued on page 6
Ethiopian Airlines: Pilots of Crashed Aircraft Followed Recommended Procedure... Page 8 Friday 5 April, 2019 Vol 24. No 8761. Price: N250
www.thisdaylive.com TR
UT H
& RE A S O
N
Struggle for Senate Presidency Intensifies, Lawan Meets APC Govs Goje in talks with Ndume Deji Elumoye in Abuja As part of his ongoing consultations with stakeholders in the ruling All Progressives Congress (APC) over his interest in the Senate presidency, the Senate Leader,
Senator Ahmad Lawan, has met with four APC governors in Abuja, THISDAY has learnt. This is coming as two other ranking APC senatorsMohammed Goje and Ali Ndume, who are also eyeing the position of Senate president
Gaya declares for deputy Senate president have commenced discussion on the possibility of working together. It was gathered that Lawan’s meeting with the governors was held on Tuesday night at the instance of the Yobe State Governor, Alhaji Ibrahim
Geidam, who is a senator-elect. The meeting, it was learnt, was aimed at drumming support for Lawan's ambition at the level of the Progressive Governors’ Forum. Investigation revealed that the consultative meeting,
which took place at a guest house in Aso Drive had in attendance the Chairman of the Nigeria Governors Forum, Governor Abdulaziz Yari of Zamfara State, who is also a senator-elect; Governor Nasir el-Rufai of Kaduna
State and his Adamawa State counterpart, Mohammed Bindow. THISDAY learnt that Geidam, who is governor of Lawan's home state, Yobe, Continued on page 6
Nigeria’s Public Debt Grows by 12.25%, Hits N24.387tn Investments in Sukuk, Green Bond will boost financial inclusion, explains DMO Ndubuisi Francis and James Emejo in Abuja Nigeria's aggregate public debt grew 12.25 per cent or N2.66 trillion year-on-year as at December 31, 2018, totalling N24.387 trillion ($79.437 billion), compared to N21.7 trillion posted over the same period in 2017, the Debt Management Office (DMO) has revealed. A breakdown of the debts showed that external debt stood at N7.759.23 trillion ($22bn), while domestic component stood at N16.627.84
trillion ($56bn). The DMO’s Director General, Ms. Patience Oniha, who briefed journalists in Abuja, said the debt figure comprised those owed by federal, states and Federal Capital Territory administrations. She disclosed that the share of domestic debt dropped to 68.18 per cent from 73.36 per cent as at December 31, 2017 thereby achieving a mix of 68.18 per cent and 31.82 per cent in the debt stock. Of the total debt stock, Continued on page 6
APC Abandons Amaechi, Says it Had No Interest in Rivers Elections... Page 6
FOR BETTER BUSINESS... L-R: Governor of Abia State, Mr. Okezie Ikpeazu; his Kaduna State counterpart, Mr. Nasir el-Rufai; Senate Deputy Leader, Senator Bala Ibn Na'Allah; and Vice President Yemi Osinbajo SAN, during the Presidential Enabling Business Environment Council (PEBEC) Award Dinner in Abuja… yesterday