CBN Extends Deadline on Appointment of InfraCorp Asset Managers James Emejo in Abuja The Central Bank of Nigeria (CBN) has extended by two weeks, the deadline for Expression of Interest from qualified asset managers active in the infrastructure sector to manage the Infrastructure
Corporation of Nigeria Limited (InfraCorp). The extension was announced in a communiqué yesterday by CBN Deputy Governor, Economic Policy Directorate, Dr. Kingsley Obiora. The apex bank said the
deadline for the receipt of final proposals in response to the detailed Request for Proposals (RfP) has been moved to March 30 from March 16 earlier announced. It, however, pointed out that the "process remains the same such that upon expression of
interest through InfraCorp@ cbn.gov.ng, the promoters shall share a detailed RfP document providing potential asset managers with the necessary information to prepare appropriate proposals in line with the promoters’ requirements."
President Muhammadu Buhari had approved the launch of the N15 trillion company as part of efforts to reposition the Nigerian economy and insulate it from external shocks after the COVID-19 pandemic. The CBN Governor, Mr.
Godwin Emefiele, had said the initiative would be part of efforts to ensure the diversification of the economy. He stated that the wholly focused infrastructure development vehicle would be Continued on page 8
23.18m Nigerians Jobless as Unemployment Rate Hits 33.3%... Page 6 Tuesday 16 March, 2021 Vol 26. No 9473. Price: N250
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FG Allays Fears over AstraZeneca COVID-19 Vaccine Despite Global Concerns...Page 5
Okonjo-Iweala Rallies Nigeria to Increase Trade, Improve Economy Pledges WTO’s collaboration Urges transition away from fossil fuel Her record of performance earned her the job, says Buhari Deji Elumoye, Ndubuisi Francis and James Emejo in Abuja The visiting DirectorGeneral of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala has expressed WTO's willingness to assist the country in surmounting limitations to trade in order to increase its global share
of commerce and boost its economy, pointing out that agriculture could also boost Nigeria's share of African trade, currently at about 19 per cent. Okonjo-Iweala in her first working visit since she came into office also spoke on ARISE NEWS Channel, the broadcast Continued on page 8
Military, Intelligence Agencies Step Up Strategy to End Kidnappings, Banditry Say 40 terrorists killed in encounter Kingsley Nwezeh in Abuja and John Shiklam in Kaduna The military high command and intelligence agencies are working on a grand plan involving a joint-operational strategy to stem the rampant kidnappings of schoolchildren in the North, THISDAY’s investigation has revealed. This is coming as the
Nigerian Army yesterday said it was making concerted efforts to rescue three teachers from the Local Education Authority (LEA) Primary School, Rama village, Birnin Gwari Local Government Area of Kaduna State, that bandits abducted yesterday. Besides, the army also Continued on page 8
HOMECOMING... Director-General, World Trade Organisation, Dr. Ngozi Okonjo-Iweala (left), and President Muhammadu Buhari during the director-general’s visit to the president in Abuja…yesterday
Buhari: Burna Boy, Wizkid Have Brought Glory to Nigeria…Page 5