SATURDAY 4TH FEBRUARY 2023

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Splendour, Passion As Iconic Arise Fashion Week and Jazz Festival Ends Today in Lagos Our Correspondents The three-day iconic Arise Fashion Week and Jazz Festival ends today in Lagos with more

exceptional designers from Africa and Africans in the Diaspora expected to showcase their skills amid jazz-themed performances. The 2023 edition of the

momentous show, marking its 20th anniversary with the theme, “Arise Fashion Week and Jazz Festival: Future Forward,” kicked off on Tuesday at Eko Hotel,

Lagos with splendour. On the opening day, a diverse set of world-class designers were on parade, including Pepper Row, Bloke, Mariya Sanusi, Ninie, Uni

Form, Tolu Coker, Ti Nathan, Vicnate, Bianca Sunders and Nkwo. Also, runway goddess Naomi Campbell set the stage on fire

on the opening day in the outfit of Mariya Sanusi, while multiinstrumentalist French Kiwi Juice Continued on page 6

Terrorists Ambush Vigilantes in Katsina, Kill 44... Page 8 Saturday 4 February, 2023 Vol 28. No 10161

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New Naira Notes: Buhari, APC Governors Disagree on Deadline Govs demand concurrent use of new and old notes till year end, postponement of February 10 deadline for currency swap President begs for 7 days to resolve cash crunch Emefiele: No plans to extend deadline for old naira Protests in Ibadan, Warri, Benin Akeredolu to Buhari: Cash, petrol scarcity may yield unpleasant consequences, act now Deploy more money agents, Osinbajo tells banks Deji Elumoye in Abuja, Nume Ekeghe in Lagos, Fidelis David in Akure, Sylvester Idowu in Warri, Adibe Emenyonu in Benin City Eleven governors elected on the platform of the All Progressives Congress (APC) met with President Muhammadu Buhari yesterday at the State House, Abuja, over the lingering cash crunch in the country following the Naira redesign, and demanded for the concurrent use of the new and old notes till the end of this year. At the meeting, which was also attended by the Secretary to the Government of the Federation, Boss Mustapha and Chief of Staff to the President, Prof Ibrahim Gambari, President Buhari rejected the demand of the governors and urged Nigerians to give him a seven-day grace to resolve the cash crunch. Many Nigerians are finding it difficult to obtain the new Naira notes, resulting in protests in parts of the country like Benin, Ibadan and Warri. The governors sought to share with Buhari the negative

impact of the Central Bank’s policy, which they said had been undermining the painstaking efforts that had been put forth by this administration in transforming the economy. But the President said the objective of the policy was not to create hardship but to provide the economy with much needed revitalisation and the benefits will be borne in the medium to long term. Unfortunately, Buhari said, “inefficiencies and underhanded practices being carried out on the part of our banks as the primary distribution medium, have destabilised the smooth and successful execution of the policy. “Some banks are inefficient and only concerned about themselves. An extension of the time frame within which to complete this process will be made insignificant for as long as greed and selfishness continue to guide our actions." The President said he had received and seen televised reports about cash shortages and undue Continued on page 6

Tinubu: Naira Hoarders Plotting NAOMI CAMPBELL DELIGHTS IN AWA MEITE’S OUTFIT… Super Model, Naomi Campbell in the outfit of Awa Meite Collection at Day 2 of the 20th edition of Arise Fashion Week and Interim Government... Page 8 British Jazz Festival at Eko Hotel, Lagos... yesterday KUNLE OGUNFUYI


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SATURDAY 4TH FEBRUARY 2023 by THISDAY Newspapers Ltd - Issuu