FG Plans N50bn Investment to Reposition Nigeria Commodity Exchange Emefiele heads steering committee on repositioning James Emejo in Abuja President Muhammadu Buhari has approved an investment of N50 billion in Nigeria Commodity Exchange (NCX) as part of efforts to
reposition it. The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, who announced the investment decision at the inaugural meeting of the Steering Committee (SteerCo)
for the repositioning of the NCX yesterday in Abuja, stated that the federal government has also suspended, with immediate effect, the current plan to privatise the exchange. He added that the decision
to suspend the privatisation followed what he described as the unfortunate arbitrage opportunities which the government had noticed in the private sector arrangement, which had become an obstacle
in moderating food prices. According to him, the president has also approved a proposal for the repositioning of the exchange in order to consolidate on the government’s efforts aimed at
strengthening the agriculture value chain, part of which includes connecting farmers to markets beyond their immediate environments. Continued on page 9
N’Assembly Considering Restructuring, Senate Tells Soyinka... Page 9 Friday 29 January, 2021 Vol 26. No 9427. Price: N250
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BRAND NEW ADDITION... L-R: Chairman of the Senate Committee on Aviation, Senator Smart Adeyemi; Chief Executive Officer, Azman Air Services Limited, Mr. Abdulmunaf Sarina; Nigeria’s Ambassador to South Korea, Mr. Ali Magashi; Chairman, Air Peace, Chief Allen Onyema; Minister of Aviation, Senator Hadi Sirika; Brazilian Ambassador to Nigeria, Mr. Ricardo Guerra de Araujo; an official of the Federal Airports Authority of Nigeria; and CEO, Capital Oil, Senator Ifeanyi Ubah, during the delivery of Air Peace's first brand new Embraer 195-E2 aircraft in Abuja…yesterday
Buhari Mobilises Int’l Support against COVID-19, Terrorism Warns Nigerians against promoting ethno-religious prejudices NSIA boosts virus fight, donates medical equipment to healthcare institutions Deji Elumoye in Abuja and Obinna Chima in Lagos President Muhammadu Buhari yesterday called for unity among members of the international community to defeat terrorism, corruption,
COVID-19 and other challenges confronting the world. The president, while receiving letters of credence from new ambassadors of Egypt, Saudi Arabia and Argentina said the second
wave of COVID-19 came with more challenges than from the initial outbreak. Buhari, on another occasion also yesterday, warned Nigerians against promoting ethnic and religious prejudices so that the nation could
witness rapid development. In a statement by his media adviser, Mr. Femi Adesina, the president said: “We have common challenges that impact so much on our countries, which include terrorism, insurgency, climate
change, population explosion, human trafficking, corruption, poverty and proliferation of small arms and light weapons. “On top of all these, the second wave of the COVID-19 pandemic has come with different strains that pose
an additional challenge to the initial outbreak. These challenges underscore the need for the international community to work even more in concert to collectively Continued on page 9
Jonathan, Mark, Ibori, Others Console Okowa over Father’s Death...Page 5