We must move away from politics to governance – Oshun
W
ale Oshun, chairman of Afenifere Renewal Group (ARG) and a chieftain of the ruling All Progressives Congress (APC), does not believe in playing politics with everything. He is one man that thinks that after elections, the country should move ahead and
No end in sight for security challenge as inter-agency rivalry impedes efforts Stella Enenche, Abuja
governance takes its rightful place. He however, does not see anything wrong in aggrieved politicians approaching the tribunals or courts to seek redress if they feel so strongly that they were robbed of their mandates. He spoke with INIOBONG IWOK, in an exclusive interview. See page 29
T
hat Nigeria is daily being threatened by the rising spate of insecurity across the country is not in question. But of utmost concern is what is being described as the reluctance of security agencies to share in-
telligence in order to combat the menace. As kidnappings, killings, rapes and other forms of bloody campaign by insurgents and bandits increase across the country, agencies, saddled with the responsibility of protecting the lives and property of citizens, have continued to work at cross-purposes. See full story on Page 17
BDSUNDAY BUSINESS DAY
www.businessday.ng Sunday 05 May 2019
Healthcare, tourism post unimpressive Q1 results as profits decline to N156bn p.32
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All glory must be to God - Odedeji, Johnson, Kolawole ... As All Saints Ikosi marks 40th anniversary p.35
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?? Dome, the exciting dream The place in the heart of Abuja p.40
Market & Commodities Monitor Brent Oil
5yr Bond
$70.79
0.08 14.45%
Gold
10yr Bond
$1,279.80
-0.04 14.46% 20yr Bond
Cocoa
0.03 14.57%
$2,379.00
inside X-raying Liverpool’s 2018 financial status
p.43
BDLife Sunday 06 May 2019
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BDSUNDAY 19
L-R: Ayo Teriba, vice chairman, technical committee, National Council on Privatisation (NPC); Alex Okoh, DG, BPE; Valentine Ozigbo, president/group CEO, Transcorp Power Consortium plc, and Babatunde Obaniyi, MD/CEO, United Capital Investment Banking, during the opening of commercial financial bids for the privatisation of AFAM Power plc and Yola Electricity Distributing Company, held in Abuja. Pic by Tunde Adeniyi
Criminalising the poor
There is increasing outcry over the jailing of minor offenders in Nigeria. Many prisons across the country are filled with people who are said to have committed minor offences. Many are traffic rule breakers, hawkers, pick-pockets, those caught roaming the streets, those caught sleeping under bridges, those who stole domestic animals belonging to others, among other minor, minor cases. But while these are sent to jail, “big” thieves who by virtue of
their criminal acts have deprived the country the opportunity to make infrastructural progress are walking the streets freely. Nobody touches them. The question many are asking is, are the poor being punished just because they are poor? Why punish a man who stole a sachet of pure water for instance, while the law closes its eyes to another that stole state allocation meant for developmental projects in his state?
P.19
Ishaku’s score card in Taraba: Setting agenda for a second term
P.12
New minimum wage: Fight ahead as implementation poses fresh hurdle
S
JOSHUA BASSEY
ince the signing into law of the new minimum wage by President Muhammadu Buhari, some state governors have continued to raise the alarm that given the economic reality in their domain, implementation may not be feasible; but the leadership of Labour insists it is either
full implementation or nothing. They say there will be no half measures. This is indicative of fresh standoff between labour and governors. Labour is particularly unhappy that some states that had received bailout funds a number of times are even the ones with worse cases of unpaid salaries. Already, in matching action with their expectation, there is
an overwhelming demand by labour, as encapsulated in the various speeches delivered by labour leaders during the 2019 May Day. From Abuja, the nation’s political capital, to Lagos, the economic hub, and across the 36 states, the demand was the same- immediate implementation of the new minimum wage. Repeatedly, organised labour
has explained why the wage increase is not only necessary but compellingly so. According to labour unions, although there has been a marginal drop in official inflation figures from 11.44 percent in December 2018 to about 11.25 percent in March 2019, the economic realities, as they affect an average Nigerian,
p. 2