BusinessDay 07 Apr 2019

Page 1

No hope for Nigeria without restructuring – Ogunlewe

‘Why men are more likely to commit suicide, die from accidents, than women’

‘There must be complete autonomy to local government. The Southwest cannot wait for the North; part of the problem is that the people who should listen are not listening. But unless we restructure we would struggle in vain; no hope for Nigeria without restructuring.’ See story on Page 33

CALEB OJEWALE

I

t is often said that women outlive men everywhere in the world, but perhaps for the first time, a report by the World Health Organisation has provided statistics giving some insights into why this is the case.

The World Health Statistics 2019, which has been released to coincide with the World Health Day being observed today, had key findings indicating that; where women can access health services, maternal deaths decrease, lengthening women’s life Continues on page 6

BDSUNDAY BUSINESS DAY

www.businessday.ng Sunday 07 April 2019

Nigerians: Waiting for ‘Next Level’ p.13

www.facebook.com/businessdayng

@businessDayNG

Why the local eateries are disappearing amid foreign brands’ incursion

@Businessdayng

Vol 1, No. 259 N300

?? Med View Airline’s N10bn loss shows deeper problems confronting local airlines

p.33

p.44

Market & Commodities Monitor Brent Oil

5yr Bond

$70.38

-0.03 14.44%

Gold

10yr Bond

$1,295.90

0.09 14.74%

Cocoa

$2,410.00

20yr Bond

-0.06 14.32%

inside Wind of building demolition sweeps through Lagos Island p.8

L-R: William Wallace, high cwommissioner, Trinidad & Tobago; Emmanuel Ibe Kachikwu, minister of state for Petroleum Resources; Seriake Dickson, governor of Bayelsa State, and Simbi Wabote, executive secretary, Nigerian Content Development and Monitoring Board (NCDMB), at the opening ceremony of the Nigerian Oil and Gas Opportunity Fair organised by NCDMB in Yenagoa, weekend.

P.21

Trouble looming: S/ East, S/South on verge of losing out in the incoming administration OWEDE AGBAJILEKE, Abuja

T

he decision of the Adams Oshiomhole-led All Progressives Congress (APC) to zone the position of the office of Senate President in Ninth Assembly to Ahmed Lawan may further divide the country along ethnic and religious fault lines, analysts have warned.

See story on Page 14

How miserable are Nigerians? AGOMUO ZEBULON, CHUKA UROKO, OBINNA EMELIKE, AMAKA EWUZIE-ANAGOR & BUNMI BAILEY

L

ike a wrist watch the wearer of which does not need a mirror to see the time, the evidence of acute poverty in Nigeria is as clear as a nine-month pregnancy. The saying that ‘he who feels

it knows it’ aptly captures the reality of the recent ranking by Steve Hanke that Nigeria is the 6th most miserable country on the globe. Hanke’s misery rating came months after a damning report in June last year by Brooking Institution that Nigeria had overtaken India as the nation with the highest number of extremely poor people. The

report said that the number of Nigerians in extreme poverty increases by six people every minute. While the goose pimples raised by Hanke’s ranking were yet to disappear, a global rating has again categorised Nigeria as one of the countries facing serious food crisis. According to the 2019 Global Report on Food Crisis

released last Wednesday in Brussels, of the 143 million people likely to slip into the crisis state, Nigeria ranked second, just below Democratic Republic of the Congo, on the list of eight countries with the largest number of people in the stressed phase of the food insecurity chain. The report also revealed Continues on page 2


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