At 2.55% in Q4, Nigeria Records Highest Economic Growth Since 2016 GDP beats IMF projection, grew by 2.27% in 2019 Analysts urge FG to tackle insecurity, enhance non-oil sector activities James Emejo in Abuja, Goddy Egene and Nume Ekeghe in Lagos Nigeria’s economic growth rate rose to 2.55 per cent in the fourth quarter of 2019, its
highest quarterly growth since the 2016 recession, according to a report released yesterday by the National Bureau of Statistics (NBS). In the report, the country’s Gross Domestic Product (GDP)
growth rate for the fourth quarter of 2019 rose by 2.55 per cent (year-on-year) in real terms compared to 2.28 per cent in the preceding quarter. Also, the economy grew by 2.27 per cent in full year
2019, compared to 1.91 per cent recorded in the preceding year. The NBS released the economic performance indicators on the same day the federal government promised
to give more incentives to strengthen the economy and the capital market. The full year 2019 GDP figure was slightly above the International Monetary Fund (IMF) forecast of 2.1 per cent.
Nevertheless, the latest GDP figures were still below Nigeria’s population growth rate of about three per cent, thereby prompting analysts Continued on page 9
Oil Price Slumps to $56 as Coronavirus Spreads Globally...
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Tuesday 25 February, 2020 Vol 25. No 9087. Price: N250
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TODAY'S WEATHER
ABUJA 25°C-33°C
MAIDUGURI 31°C-31°C
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LAGOS 24C-27°C
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PDP Plays the Spoiler, Heads Back to S’Court for Review of Judgment on Buhari To ask for reconsideration of verdicts on Kano, Katsina, Kaduna, Osun gov polls APC: Opposition party, impediment to political evolution Chuks Okocha and Adedayo Akinwale in Abuja The Peoples Democratic Party (PDP) yesterday signalled its plans to launch a fresh bid to unseat President Muhammadu Buhari by approaching the Supreme Court to seek a review of its judgment validating the president's
election. In addition, the main opposition party will also ask the apex court to reconsider its judgments on governorship election disputes in Kano, Katsina, Kaduna and Osun States where the Supreme Court affirmed the victories Continued on page 9
CDS Seeks End to Rivalry among Security Agencies to Check Insecurity Buhari, service chiefs hold special meeting Omololu Ogunmade in Abuja and John Shiklam in Kaduna Apparently miffed by the unhealthy rivalry among the various security agencies, which has hampered the war against insurgency, the Chief of Defence Staff (CDS), General Aboyomi Gabriel Olonisakin, yesterday urged the officers and men of the security forces to close ranks and work
together to secure Nigeria. He spoke in Jaji, Kaduna State, just as President Muhammadu Buhari met behind closed doors with service chiefs in Abuja. Olonisakin, who was the guest of honour at the maiden Joint Counter Terrorism and Counter Insurgency (CTCOIN) seminar for students of Senior Continued on page 10
A DAY AT THE BOURSE... L–R: Chief Executive OďŹƒcer, The Nigerian Stock Exchange (NSE), Mr. Oscar N. Onyema; Acting Director General, Securities and Exchange Commission (SEC), Ms. Mary Uduk; President of the National Council of the NSE, Chief Abimbola Ogunbanjo; and Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, during the minister’s visit to the NSE in Lagos...yesterday
NBA: Invasion of Justice Odili’s Residence Debases Rule of Law... Page 6 EX\ D
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