FRIDAY 7TH AUGUST 2020

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W’Bank Board’s Meeting Failure Delays Nigeria’s Loan Request Obinna Chima The $1.5 billion, which is the first tranche of the federal government’s $3 billion request from the World Bank is to be delayed as the much-awaited meeting of the multilateral institution’s board of directors

didn’t hold yesterday as scheduled, THISDAY learnt. A reliable source disclosed that the federal government would now have to wait till either September or October when the multilateral institution’s next board meeting would hold.

Attempt to confirm the development from the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, was unsuccessful as she failed to respond to THISDAY’s text and WhatsApp messages. Ahmed had in June

disclosed that the country expected that when the board of the World Bank meets on August 6 (yesterday), the $1.5 billion facility the country requested for would be approved. “We have met largely all the conditions for the facility

and we are on course. And the amount that we are raising in the first instance is $1.5 billion for the federal government and around September or October, we are hoping to get the facility that is meant to support the state and the amount is between $1 billion

and $1.5 billion,” the minister had stated. The federal government had said it was seeking about $7.050 billion, from multilateral financial institutions and the Nigeria Sovereign Investment Continued on page 9

CACOVID Begins Distribution of N23bn Palliatives to 10m Nigerians... Page 8 Friday 7 August, 2020 Vol 25. No 9251. Price: N250

www.thisdaylive.com TR

TODAY'S WEATHER

ABUJA 25°C-33°C

MAIDUGURI 31°C-31°C

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ENUGU 25°C-28°C

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KANO 27°C-33°C

LAGOS 24C-27°C

PORT HARCOURT 20°C-30°C

Political Crisis in Edo Deepens as Assembly Speaker is Removed Obaseki pledges support for Okiye Ize-Iyamu congratulates Edoror Chuks Okocha, Udora Orizu in Abuja and Adibe Emenyonu in Benin City The crisis rocking the Edo State House of Assembly over its inauguration festered yesterday as 17 members removed the Speaker, Hon. Francis Okiye. The removal, though in controversial circumstances, reflected the political divide between Governor Godwin

Obaseki and his erstwhile godfather and predecessor, Mr. Adams Oshiomhole, whose loyalists spearheaded yesterday’s push aside of Okiye. Okiye was replaced by Hon. Victor Edoror, representing Esan Central, as the new speaker. Also elected was Hon. Continued on page 9

Buhari Tells Security Agencies to Deepen Cooperation DHQ says US warning on ISIS not new Chuks Okocha, Kingsley Nwezeh, Onyebuchi Ezigbo and Adedayo Akinwale in Abuja President Muhammadu Buhari yesterday directed the armed forces and all security agencies to henceforth promote and implement comprehensive security philosophies and measures driven by longestablished principles of

jointness and synergies through inter-agency cooperation. He also said his government's policy tripod of ushering in economic prosperity, taming corruption and engendering an enabling security environment would not be realised without an armed force fit for the purpose. He spoke at the graduation Continued on page 9

WORKING AHEAD... Vice President Yemi Osinbajo (SAN), during a virtual meeting with biotech and pharmaceutical companies on COVID-19 vaccines in Abuja…yesterday

INEC Inaugurates Portal for Live Transmission of Results... Page 5


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