Nigeria Risks Debt Sustainability Crisis, FG Warns Says economy may slide into second recession in four years Udora Orizu in Abuja The federal government has warned that Nigeria faces medium-term fiscal challenges, especially with
respect to its revenues, which could snowball into a debt sustainability crisis if not immediately addressed. It also said that with the negative growth in the
country’s second-quarter GDP, the economy could slide into a second recession in four years, with significant adverse consequences, unless the third-quarter economic
performance showed better results. It projected that Nigeria's nominal Gross Domestic Product (GDP) will rise to N138.415 billion by 2023
and will also increase from N130.836 billion in 2020 to N 132.1254 billion in 2021. The Minister of State for Budget and National Planning, Mr. Clement Agba,
reeled out the data yesterday while presenting the draft 2021-2023 MTEF/FSP to the House of Representatives Continued on page 9
Buhari Inaugurates Tallest Building in South-south, South-east... Page 8 Friday 14 August, 2020 Vol 25. No 9258. Price: N250
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Outrage as NBC Fines Radio Station N5m for Hate Speech Commission’s board says code illegal, rejected by 55 stakeholders Atiku, Falana, NUJ flay penalty Iyobosa Uwugiaren, Chuks Okocha, Olawale Ajimotokan and Udora Orizu in Abuja The National Broadcasting
Commission (NBC) yesterday triggered a public outcry for slamming a N5 million fine on a private radio station based in Lagos, Nigeria Info 99.3FM, for airing views it categorised
as hate speech. No sooner had the NBC penalised the radio station over the views expressed by a former deputy governor of the Central Bank of Nigeria (CBN),
Dr. Obadiah Mailafia, on one of its programmes, “Morning Cross Fire,” on August 10, than Nigerians, including a former vice president, Alhaji Atiku Abubakar, condemned it.
Lagos-based lawyer and human rights activist, Mr. Femi Falana SAN, also condemned the fine, describing it as illegal. The NBC had penalised the radio station based
on the revamped Nigeria Broadcasting Code (NB Code), which jacked up the fine for hate speech from N500,000 to Continued on page 9
FG Seeks Vital Weapons from World Powers to End Insurgency Ejiofor Alike The federal government yesterday said it needs vital weapons to end the insurgency ravaging the North-east of the country, expressing concerns that delays in getting armaments from world powers were hampering the push against the insurgents. It said the refusal of some world powers to sell weapons to the country and the delay in supplying those the country had already paid for were undermining its anti-terror campaign. The Minister of Information and Culture, Alhaji Lai Mohammed, while fielding questions when he featured on the News Agency of Nigeria (NAN) Forum in Abuja, said he believed the international community could help Nigeria in fighting terrorism better than they were doing now. He spoke a couple of days after President Muhammadu Buhari had said Nigeria was expecting to take delivery of
military weapons and aircraft from Jordan, China and the United States to reinvigorate its anti-terror war. Buhari had on Tuesday at a virtual meeting with the Security Committee of the Nigeria Governors’ Forum (NGF), represented by one governor from each of the six geo-political zones of the country urged Nigerians to be patient and not to expect a dramatic change in the ongoing efforts to combat insurgency because fighters and pilots to operate the new weapons and aircraft must first be trained. The president had also used the opportunity to dismiss assumptions that Boko Haram was better equipped and funded than the armed forces, saying that the military has greater resources to fight the terrorists even though they may need more. But Mohammed yesterday alleged that some world powers have refused to sell Continued on page 9
HISTORIC MONUMENT... L-R: Bayelsa State Governor, Senator Douye Diri; Minister of State for Petroleum Resources, Chief Timipre Sylva; and Executive Secretary, Nigerian Content Development and Monitoring Board, Mr. Simbi Wabote, during the inauguration of the 17-storey Nigerian Content Tower in Yenagoa…yesterday
Digital Identification to Replace Plastic National ID Card... Page 5