Buhari: Nigeria’s $3bn Share of Africa’s $75bn FDI Unacceptable Report: foreign investment flow to Nigeria decreased 48.5% US: OPEC must pump more oil to cut prices Emmanuel Addeh in Abuja President Muhammadu Buhari has said Nigeria’s low share of Foreign Direct Investment (FDI) flow to Africa between 2015 and 2019 is a cause of concern.
Buhari, who spoke at a retreat organised by the Nigeria Extractive Industries Transparency Initiative (NEITI) in Uyo, the Akwa Ibom State capital, described the situation as unacceptable. In another development,
United States President Joe Biden's top aides are pressuring the Organisation of Petroleum Exporting Countries (OPEC) and its allies to boost oil output to tackle rising petrol prices, which the US sees as a threat
to global economic recovery, Reuters reported yesterday. But in Nigeria, Buhari reaffirmed the country’s commitment to using the Extractive Industries Transparency Initiative (EITI) to implement reforms and enhance
revenue growth. Despite having the biggest economy in Africa, Nigeria only received four per cent, which was about $3 billion of the $75 billion invested in the continent in the first term of
Buhari’s administration. According to the United Nations Conference on Trade and Development (UNCTAD) 2020 World Investment Report, FDI Continued on page 10
FG to Lift Ban as Twitter Agrees to Set Up Office in Nigeria... Page 6 Thursday 12 August, 2021 Vol 26. No 9621. Price: N250
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Your Opinions on Supreme Court Judgment, Malicious, Self-serving, BuniTells Keyamo, Others Says ruling has strengthened party instead Advises aggrieved members to approach internal conflict resolution channels Adedayo Akinwale and Treasure Chinelobi in Abuja Chairman of the Caretaker/ Extraordinary Convention Planning Committee and the Governor of Yobe State, Mai Mala Buni, has berated some members of the party, including the Minister of State for Niger Delta, Festus Keyamo, over their comments on the recent
Supreme Court judgement in the Ondo governorship election and described their comments as both malicious and self-serving. Keyamo, SAN, in a leaked memo, had said while the ruling party won the legal battle in the Ondo governorship, the Supreme Court has just weaponised all those that would be aggrieved by Continued on page 5
FG Set to Reintroduce Tollgates on Highways 18 Years After Only 5, 005km of 35,000km federal roads eligible Vehicles to pay between N200 and N500 toll per trip Diplomatic, military, para-military vehicles, tricycles, motorcycles to be exempted
Deji Elumoye in Abuja The federal government has expressed its willingness to reintroduce toll collections on designated dual carriageways across the country. Minister of
Works and Housing, Babatunde Fashola, disclosed this yesterday while briefing newsmen at the end of the weekly virtual Federal Executive Council (FEC) meeting Continued on page 6
SENATOR-ELECT GETS HIS CERTIFICATE AT LAST... National Commissioner, Independent National Electoral Commission (INEC), Mrs May Agbamuche Mbu, (left), presenting the certificate of return to newly elected Cross River North Senator-elect Jarigbe Agom Jarigbe at the INEC Headquarters in Abuja... yesterday. PHOTO: Ayo Ajayi
Osinbajo: Great Nations Too Face Security, Economic Challenges...Page 10