FRIDAY 2ND OCTOBER 2020

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President: Let’s Chart New Path to National Greatness Says it's senseless for petrol to be cheaper in Nigeria than S’Arabia At N305,113, minimum wage higher in Saudi, PDP replies Buhari Omololu Ogunmade and Chuks Okocha in Abuja President Muhammadu Buhari yesterday rallied Nigerians to chart a new path to achieve a greater nation.

The president, in a nationwide broadcast to mark Nigeria's diamond jubilee, also spoke on why he was persuaded to pull the plug on the fuel subsidy era, triggering a higher petrol price regime.

According to him, it does not make sense for petrol to be cheaper in Saudi Arabia than in Nigeria. Data from the Energy Information Administration, US Department of Energy,

International Energy Statistics, show that Saudi Arabia has the second largest proven oil reserves in the world— some 268 billion barrels, approximately 16 per cent of the world’s proven reserves—

as against Nigeria's 36.8 billion barrels. However, the opposition Peoples Democratic Party (PDP) dismissed the president's comparison between the fuel price in Saudi Arabia and

Nigeria, saying it does not take into account the national minimum wage in the Middle East nation, which is N305,113 and Nigeria that pays N30,000. Continued on page 43

COVID-19 Prompts BPE to Readjust Privatisation Timelines...Page 5 Friday 2 October, 2020 Vol 25. No 9307. Price: N250

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AT THISDAY/ARISE GROUP SPECIAL INDEPENDENCE CELEBRATION...

Buhari, Others Preach Unity, Hope Despite Challenges Policymakers, business leaders predict bright future for Nigeria Our Correspondents President Muhammadu Buhari yesterday led a pack of notable Nigerians and foreign dignitaries to celebrate Nigeria at a global virtual commemoration of the nation's

diamond jubilee, organised by THISDAY ARISE Group. The event, lasting over six hours, was a medley of speeches, music and fashion show. It was a virtual celebration produced and broadcast from

Lagos, Abuja and London, but staged in various cities around the world and streamed to a global audience on ARISE Play, ARISE NEWS CHANNEL, YouTube, Instagram, Facebook and Twitter, among others. The global virtual

commemoration of Nigeria's 60th independence anniversary was powered by Access Bank, Guaranty Trust Bank, Zenith Bank, Polaris Bank and Bet9ja, among others. Buhari and others who featured on the programme

reviewed how far the nation had come since independence in 1960, and called for national unity for an assured bright future. Business leaders and policymakers who featured in the global virtual

S P E A K E R S AT T H E G L O B A L V I RT U A L C O M M E M O R AT I O N

Buhari

Mohammed

Dangote

Emefiele

Kyari

Wigwe

Ovia

Adesina

commemoration also predicted better days ahead for the country, despite the current challenges. The messages had a common theme of admission Continued on page 9


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