SATURDAY 13TH FEBRUARY 2021

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FG Floats N1trn Firm to Tackle Infrastructure Deficit Seed capital to come from CBN, NSIA, Africa Finance Corporation

Deji Elumoye in Abuja President Muhammadu Buhari has approved the establishment of Infra-Co, a Public-Private Partnershipstyled infrastructure company

with an initial seed capital of N1 trillion, to tackle Nigeria’s growing infrastructure deficit. Already, Vice President Yemi Osinbajo has been saddled with the responsibility of heading a Steering Committee

to facilitate the take-off of the company. Osinbajo's Media Assistant, Laolu Akande, in a statement yesterday said with time, Infra-Co would grow to N15 trillion in assets and capital

and that it would be one of the premier infrastructure finance entities in Africa to be wholly dedicated to Nigeria’s infrastructure development. The entity, he further stressed, had been developed

with concept from the National Economic Council (NEC) and the Central Bank of Nigeria (CBN). According to him, the initial seed capital for the entity will come from the CBN, the

Nigerian Sovereign Investment Authority, NSIA, and the Africa Finance Corporation. Akande stated: "The board of Infra-Co will be chaired by Continued on page 5

UK S’Court Okays Suit against Shell over Oil Spills in Rivers… Page 6 Saturday 13 February, 2021 Vol 25. No 9442

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Tension as Organisers Insist on Today’s Protest at Lekki Tollgate Police in show of force, tighten security around Lekki Festus Akanbi and Segun James There are anxieties over today’s planned protest by

youths under the aegis of the EndSARS movement at the Lekki-Ajah Tollgate in Lagos, the epicentre of last October #EndSARS protests, following

the federal government's threat to crush any protest and the insistence of the organisers to go ahead with their action. Still using the social

media, promoters of #occupyLekkitollgate movement, in a defiant move, spent most of yesterday mobilising youths for the

protest to express their displeasure over approval for the reopening of the toll plaza. In response to the call for

protest, a counter-protest group tagged #DefendLagos was also active on social Continued on page 5

Prepare to Receive Herders who May Be Forced Home, NEF Tells Northern Govs Says Fulani who have broken no laws must be protected Ortom to Bauchi Gov: No law permits herders to carry AK-47

John Shiklam in Kaduna, Adedayo Akinwale in Abuja, George Okoh in Makurdi The Northern Elders Forum (NEF) yesterday urged governors of the Northern states to start preparing to receive law-abiding Fulani herders who may be compelled to relocate from their present abodes in different parts of Nigeria, following conflict with various host communities. On the same day, Governor Samuel Ortom of Benue State faulted the statement made by his Bauchi State counterpart, Bala Mohammed, supporting the free movement of herders with AK-47 rifles. The NEF made the appeal in a statement signed by its spokesman, Dr. Hakeem

Baba-Ahmed, where it alleged that some groups are fuelling tension in the country in order to achieve their selfish aims. A number of communities across the country have issued herders quit notices following bloody fracas over grazing lands. Baba-Ahmed told THISDAY last night that the northern governors should start working on land and infrastructure to accommodate the herders, their families and cattle. He also talked about planning ahead for the health and security needs of the herders, to ensure hitch free resettlement. The group likewise urged Northerners to assure people Continued on page 5

Crude Oil Trades at $62, Highest in 13 months... Page 8

GOODNIGHT LATEEF JAKANDE... L-R: Mrs. Abisola Olusi (daughter); Dr. Lanre Adeboye (daughter); Alhaja Abimbola Jakande (widow) and Lagos State Deputy Governor, Dr. Obafemi Hamzat, during the Fidau at the burial of the first civilian governor of Lagos State, Alhaji Lateef Jakande at his Ilupeju, Lagos, residence…yesterday sunday adigun


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