IMF Cautions Nigeria, Others on Chinese Loans Ranks Nigeria low in sovereign wealth fund utilisation Insists on tax reforms Omololu Ogunmade in Abuja, Shola Oyeyipo and Martins Ifijeh in Washington DC Nigeria and other African countries taking loans from
China must ensure that the terms of borrowing are strictly in conformity with the Paris Club arrangements, the International Monetary Fund (IMF) said yesterday.
It also recommended that Nigeria should embark on comprehensive tax reforms as a way to boost non-oil revenue generation. The Washington-based
institution, in the latest edition of its ‘Fiscal Monitor report,’ also ranked Nigeria as the second worst country in the world in the utilisation of its Sovereign Wealth Funds
(SWF). Presenting the Global Financial Stability Report at the ongoing IMF/World Bank Spring Meeting in Washington DC, the Financial Counsellor
and Director, Monetary and Capital Markets Department, IMF, Mr. Tobias Adrian, argued that financial transactions Continued on page 8
Atiku Denies Lobbying US to Stop Buhari’s Inauguration.. Page 6 Thursday 11 April, 2019 Vol 24. No 8767. Price: N250
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Senate Raises the Alarm over Increasing Wave of Violence Votes N10bn for security intervention in Zamfara Again, bandits kill 23 in Katsina communities Buhari cuts short Dubai trip over killings Deji Elumoye, Kingsley Nwezeh in Abuja and Francis Sardauna in Katsina The Senate yesterday raised the alarm over increasing level of violence across the country, saying government needs to take urgent steps to address the menace. The upper legislative chamber also resolved to set aside N10 billion in the 2019
budget as intervention fund for tackling the problem of insecurity in Zamfara State and the attendant humanitarian crisis. But despite the measures being put in place to curb the killings, bandits have again attacked and killed no fewer than 23 people and set ablaze many houses, shops Continued on page 6
Lawan Banks on 73 Senators’ Endorsement Coalition justifies APC’s backing
Deji Elumoye and Adedayo Akinwale in Abuja The spokesman of Senator Ahmad Lawan, who is vying for the office of the Senate President of ninth Senate, Senator Sabi Abdullahi (APC Niger North), has said no fewer than 73 senators-elect are backing the Senate leader to actualise his ambition. Abdullahi has also assured that Lawan will operate an inclusive administration if
elected in June. Speaking to journalists yesterday in Abuja, Abdullahi also assured Nigerians that if Lawan emerges the next Senate president he will run an all-inclusive government because the Senate is the Senate of the Federal Republic of Nigeria. He said: "The 109 senators are individual senators representing the various Continued on page 8
MINISTERIAL CHAT... L–R: Minister of Labour and Employment, Senator Chris Ngige; Minister of Information and Culture, Alhaji Lai Mohammed, and the Minister of Health, Dr. Isaac Adewole, during the Federal Executive Council meeting in Abuja… yesterday godwin omoigui