TUESDAY 26TH MAY 2020

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With 1.87% GDP Growth, Analysts Seek Investment-friendly Policies Obinna Chima in Lagos and James Emejo in Abuja Analysts yesterday called on the federal government to initiate policies to stimulate private sector investment as a step towards growing the economy.

The analysts, speaking to THISDAY in reactions to the release yesterday of new data on the country's Gross Domestic Product (GDP), which grew by 1.87 per cent (year-on-year) in real terms in the first quarter of 2020 (Q1 2020), gave tips on other

measures the government should take to reposition the economy to overcome the challenges caused by the COVID-19 pandemic. The Nigerian Gross Domestic Product Report - Q1 2020, released by the National Bureau of Statistics

(NBS), however, showed that the performance represented a contraction by 0.68 per cent compared to the 2.55 per cent growth rate recorded in the fourth quarter (Q4) 2019. The slump in GDP growth reflected the earliest effects of economic disruption,

particularly on the non-oil economy. Similarly, the latest GDP figure further indicated a contraction by 0.23 per cent, when compared to 2.10 per cent growth, recorded Q1 2019. The Q1 GDP result came against the backdrop of

significant global disruptions resulting from the COVID-19 pandemic, a sharp fall in oil prices and restricted international trade, the NBS noted. According to the NBS, in the Continued on page 8

At UBA Web Summit, Leaders Outline Path for Africa’s Recovery... Page 6 Tuesday 26 May, 2020 Vol 25. No 9178. Price: N250

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28 Gov Aspirants Jostle to Unseat Akeredolu, Obaseki INEC releases guidelines, adopts online operations

Chuks Okocha in Abuja, Adibe Emenyonu in Benin City and James Sowole in Akure No fewer than 28 aspirants are jostling for the jobs of Ondo State Governor, Chief Rotimi Akeredolu, and his Edo State counterpart, Mr. Godwin Obaseki, in the forthcoming governorship elections in

the two states, THISDAY’s investigation has revealed. Independent National Electoral Commission (INEC) yesterday released the elections’ guidelines stipulating the mode of campaign approved for contesting political parties, given the restrictive protocols Continued on page 8

WHO Suspends Clinical Trial of Hydroxychloroquine over Safety Concerns 229 New COVID-19 cases increase Nigeria’s tally to 8,068 Martins Ifijeh The World Health Organisation (WHO) has suspended clinical trial on the use of Chloroquine and Hydroxychloroquine for treating COVID-19 following new data suggesting that the drugs increase mortality among patients.

At a virtual meeting, yesterday to mark Africa Day, the Director-General of WHO, Dr. Tedros Ghebreyesus, said the suspension was necessary in order to evaluate the safety data on the drugs as presented to the health body by the Data Continued on page 9

Senate, NDDC Bicker over Alleged Inflation of Commission’s Budget... Page5

NINETY-THREE HEARTY CHEERS... Former Minister of Information, Chief Edwin Clark, during his 93rd birthday celebration at his residence in Asokoro, Abuja...yesterday


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