OPEC: Nigeria’s Oil Sector Growth Declined by 19.8% in Q4 Cartel records lowest quota compliance in 12 months Emmanuel Addeh in Abuja Nigeria’s oil and gas industry growth declined by 19.8 per cent in the fourth quarter of 2020 compared with the same period in 2019, according to
data from the Organisation of Petroleum Exporting Countries (OPEC). OPEC, in a countryby-country analysis of developments within its member countries in its latest
Monthly Oil Market Report (MOMR), said the previous month, it fell by 13.9 per cent, although the non-oil sector grew by 1.7 per cent. The report showed that Nigeria's real Gross Domestic
Product (GDP) grew by 0.1 per cent year-on-year in Q4, 2020, following a 3.6 per cent contraction in Q3, 2020, which was the first positive quarterly growth in the last three quarters amid the gradual
return of economic activities. “The non-oil sector expanded 1.7 per cent, recovering from a 2.5 per cent decline in 3Q,2020, mainly driven by growth in the telecommunications and
information services sectors. “Other important contributions came from the agricultural sector, which expanded by 3.4 per cent y-o-y Continued on page 8
FG Plans More Military Assets Deployment in South-east, South-south... Page 6 Friday 14 May, 2021 Vol 26. No 9532. Price: N250
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Bring Insecurity to an End Now, Sultan Urges Buhari, Governors President pleads for more understanding, says time needed to take delivery of weapons Vows to resist bandits’ threat to food security Deji Elumoye in Abuja The Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has called on President Muhammadu Buhari and state governors to address the security challenges bedevilling the country. The Sultan spoke yesterday as the president pleaded for more elite understanding on raging strife in the country, explaining that time is needed
for equipment procured, to fight agents of violence to submission, to be delivered. Abubakar in his Sallah message in Sokoto yesterday said the security challenges had continued to remain a great concern to all. “We are calling on President Muhammadu Buhari and all the state governors to, as a Continued on page 8
Restructuring Should Start from States, Say Lawan, Gbajabiamila Deji Elumoye in Abuja President of the Senate, Dr. Ahmad Lawan, and Speaker, House of Representatives, Hon. Femi Gbajabiamila, yesterday took on the 17 Southern governors, who rose from a meeting on Tuesday in Asaba, canvassing, among others, restructuring of the country.
The duo, during an interaction with reporters in Abuja, challenged governors to start the restructuring from their states. Besides the call for restructuring, the Southern governors had also announced a ban on open grazing; Continued on page 8
PUSHING FRONTIER OF AFRICAN DEVELOPMENT... Chairman, BUA Group/Founder ASR Africa, Mr. Abdul Samad Rabiu (left), and President of Ghana, Mr. Nana Akufo-Addo, during their discussion on African Economic Integration, AfCFTA, Development and Social Impact in Accra, Ghana…recently
CAN Urges Islamic Council to Caution Extremists against Violence...Page 5