SUNDAY 18TH FEBRUARY 2024

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Oil Sector Lags as Manufacturing, Banking Get Lion’s Share of Foreign Investment in Q4 2023 Lagos remains top destination with 65.38% of total capital importation Nigeria’s capital importation in 2023 lowest since 2007 Emmanuel Addeh in Abuja Nigeria’s oil and gas sector continued its persistent

underperformance in the fourth quarter (Q4) of 2023, with the manufacturing and banking segments of the Nigerian

economy taking the lion’s share of foreign investment into the country between October and December last year, a new data

from the National Bureau of Statistics (NBS) has revealed. In the Q4 of 2023, total capital importation into Nigeria,

according to the NBS, stood at $1.088 billion, slightly higher than the $1.060.73 billion recorded in Q4 of 2022, indicating an increase

of 2.62 per cent. In comparison to the preceding Continued on page 5

SGF: We'll Soon Overcome Current Economic Crises… Page 6 Sunday, February 18, 2024 Vol 29. No 10539

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Idahosa Wins Edo APC Governorship Primary, Senator Okpebholo Emerges Winner in Parallel Election…Page 8

Relinquish Power Now If Nigeria’s Problems Overwhelm You, PDP Govs Tell APC

Matawalle cautions Tinubu’s critics against unguarded utterances Says provocative comments can cause violence

Chuks Okocha in Abuja Governors elected on the platform

of the Peoples Democratic Party (PDP) have advised the ruling All Progressives Congress (APC)

to graciously throw in the towel if it cannot mobilise Nigerians as well as all organs and tiers

of government for sustainable solutions to the various problems plaguing the nation.

This is coming as the Minister refrain from making provocative of State for Defence, Mr. Bello Continued on page 5 Matawalle, urged Nigerians to

Tinubu: Nigeria Open to Talks with Guinea, Burkina Faso, Mali, Niger Despite Coups Expresses readiness to host African Central Bank AU kicks against exorbitant military spending on conflicts, terrorism Deji Elumoye in Abuja President Bola Tinubu yesterday declared that Nigeria remains open to dialogue with Mali, Guinea, Burkina Faso, and Niger Republic, despite recent coups in the four countries and the decision of three of them to withdraw from the Economic Community of West African States (ECOWAS). Tinubu stressed that the disagreements over the unconstitutional changes of government in the countries should not mean a permanent rupture of the abiding lines of regional affinity and cooperation. Addressing African leaders yesterday at the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU) in Addis Ababa, Ethiopia, the President said his administration would Continued on page 5

FROM UNIVERSITY DROPOUT TO OSCAR NOMINEE… Nigerian-British photographer, Mr. Misan Harriman, whose most recent motion picture, ‘The After’ has been shortlisted for the 96th Academy Award in the Live Action Short Film category. See full story in THISDAY STYLE inside...


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SUNDAY 18TH FEBRUARY 2024 by THISDAY Newspapers Ltd - Issuu