Page 1

Emefiele: Nigeria Spends 40% of FX on Importation of Petrol, Others Hinges floating the naira on Dangote Refinery, petrochemical plant coming on stream Assures foreign investors of prioritised settlement Obinna Chima Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday lamented

that the country spends almost 40 per cent of its scarce foreign exchange (FX) on the importation of petroleum products as well

as petrochemicals, which continues to put pressure on the naira exchange rate. Speaking during a media briefing on the sidelines of

the ongoing International Monetary Fund (IMF)/World Bank annual meetings in Washington DC, Emefiele, however, expressed optimism

that once the Dangote Refinery and Petrochemical Plant commence operations around July next year, the country would be in a

position to be able to save 40 per cent of the FX it spends on the importation of Continued on page 8

In Show of Force, IG Deploys Police Armada for Anambra Poll... Page 48 Friday 15 October, 2021 Vol 26. No 9685. Price: N250 TR


& RE A S O


CDS: 250 Bandits ‘Neutralised’ After Telecoms Blackout in N’West, 600 Arrested Says terrorists not amassing around FCT, Niger Explains military operations in Southeast Confirms ISWAP leader, Abu Musab Al-Barnawi, is dead, denies Gumi working for the army

Deji Elumoye in Abuja The military authorities, yesterday, announced the killing of 250 bandits as

well as arrest of 600 others terrorising the North West, as testament to some of the new security measures taken lately, especially, the shutting

down of telecommunications services in that part of the country. The military high command also refuted claims in some

quarters that terrorist groups had begun to amass around Abuja and Niger State, even as it explained the current military operations in the

South East, saying it has no discriminatory undertone. Chief of Defense Staff (CDS), General Lucky Irabor, who made these disclosure while

featuring at a ministerial briefing put together by the Presidential Media Team at Continued on page 8

Ayu Emerges Consensus PDP Chairmanship Candidate How Mark, Shema, Nazif stepped aside Nigeria is worse than Somalia under APC, says new helmsman Chuks Okocha in Abuja Northern stakeholders of the opposition Peoples Democratic Party (PDP) have picked former Senate President, Dr. Iyorchia Ayu, as the consensus national chairmanship candidate of the party. It was learnt Thursday that two other contenders from the North, where the position has been zoned, former governor of Katsina State, Ibrahim Shema, and the incumbent deputy national chairman (North), Senator Continued on page 8

Presidency: PANDEF Advises North to Wait PRESIDENTIAL CONTENDERS MEET IN EKITI... L-R: Lagos State Governor, Babajide Sawo-Olu; Edo State Governor, Godwin Obaseki; Vice President Yemi Osinbajo, SAN; Kaduna State Governor, Nasir El Rufai and till 2031... Ekiti State Governor, Kayode Fayemi, during the Ekiti State 1st Investment and Economic Development Summit held at the Civic Centre, Ado-Ekiti … yesterday Page 48