THURSDAY 27TH AUGUST 202027

Page 1

Presidency Downplays GDP Contraction, Says Result Beats Forecasts Attributes outcome to measures to arrest economic decline Rewane seeks periodic adjustment of economy Omololu Ogunmade in Abuja, Emma Okonji and Nosa Alekhuogie in Lagos The presidency has said that the 6.1per cent decline in the nation's Gross Domestic

Product (GDP) shows that the economy isn't in such a bad state as earlier projected by both domestic and international experts. According to it, 6.1 per cent economic contraction

reported by the Nigerian Bureau of Statistics (NBS) in the second quarter of 2020 beat the projected forecasts of 7.24 per cent decline by the experts. It also beats most domestic and international forecasts

for other countries such as the United States, the United Kingdom, Germany, France and South Africa. Presidential spokesman, Mr. Femi Adesina, said in a statement yesterday that the

overall decline of 6.1 per cent (for Q2 2020) and 2.18 per cent (for H1 2020) was better than the projected forecast of 7.24 per cent as estimated by the NBS. He, however, attributed the

improvement to the various proactive measures put in place by the federal government to strengthen the economy and arrest the downward trajectory. Continued on page 8

CBN Recommends Control Board to Boost Non-oil Export... Page 6 Thursday 27 August, 2020 Vol 25. No 9271. Price: N250

www.thisdaylive.com TR

UT H

& RE A S O

N

Ahead of Today’s AfDB Poll, Adesina Rallies Support for Re-election... Page 5

Conclude Criminal Cases in One Year, Buhari Urges Judiciary Proposes 15 months for civil suits Frowns on multiple, conflicting court orders Lawyers shun boycott call, 24,000 participate in NBA conference Davidson Iriekpen in Lagos and Alex Enumah in Abuja President Muhammadu Buhari yesterday decried what he described as the “terribly slow pace” of justice administration in Nigeria and proposed that criminal cases from the high court to the Supreme Court should be concluded within 12 months. On the other hand, civil

cases should not last longer than 15 months, he said in a speech to declare open the Annual General Conference (AGC) of the Nigerian Bar Association (NBA). The 60th AGC, with the theme, ‘Stepping Forward,’ was NBA’s first virtual gathering. However, despite the Continued on page 9

Govs Won’t Fund Community Police, Says Akeredolu Warns South-west will resist FG over regulation of Amotekun Chuks Okocha in Abuja Ondo State Governor, Mr. Rotimi Akeredolu, yesterday dismissed the suggestion by the police high command that states will fund special constables to be recruited for

community policing. Reacting to Tuesday's statement by the Deputy Inspector-General of Police (DIG), Research and Planning, Mr. Adeleye Continued on page 8

SEEKING SPEEDY JUSTICE… Vice President Yemi Osinbajo (SAN) delivers President Muhammadu Buhari’s speech at the virtual annual general conference of the Nigerian Bar Association 60th Annual General Conference in Abuja…yesterday

ECOWAS Demands 12-month Interim Govt in Mali... Page 5


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
THURSDAY 27TH AUGUST 202027 by THISDAY Newspapers Ltd - Issuu