BusinessDay 09 Jun 2019

Page 1

BDSUNDAY BUSINESS DAY

www.businessday.ng Sunday 09 June 2019

‘For agric to play significant role in Nigeria’s economy, it must be technology-driven’

p. 18-19

APAPA GRIDLOCK

49 Page

Governor Babajide Sanwo-Olu’s promise:

“I will rid Apapa of gridlock in the first 60 days of my government.”

5yr Bond

$63.44

-0.02 14.42%

Gold

10yr Bond

$1,345.10

0.10 14.60% 20yr Bond

Cocoa

$2,466.00

0.00 14.54%

@businessDayNG

Private sector leaders set agenda for Emefiele in second term

@Businessdayng

Vol 1, No. 267 N300

??Rape Allegation: Mastercard p. 41

cancels endorsement deal with Neymar

p. 42 p 41.

We need security, Nigerians cry out As Buhari unfolds agenda this week

Market & Commodities Monitor Brent Oil

www.facebook.com/businessdayng

OBINNA EMELIKE, INIOBONG IWOK and VICTORIA NNAKAIKE (Lokoja)

I

n the last four years, the security situation in Nigeria has become a concern to many citizens. Increasingly, there

have been calls on the Federal Government to stem the tide of the ugly trend. With the kidnapping of 685 people and death of 1,071 people in crime-related cases across the country in the first quarter of 2019 alone, it is obvious that the security challenge in Nigeria

is worsening as the number of victims is expected to double at the end of the year. The development has made Nigeria to be on global spotlight for the bad reasons, especially with one of the world’s highest rates of kidnap-for-ransom cases, ranking with the likes of

Iraq, Venezuela and even Afghanistan. The ugly situation, which is growing out of hand even in the North-West region of the country formerly regarded as the safest in the country, has resulted in Continues on page 2

The die is cast: Nigeria gets new senate president Tuesday

Ninth Assembly: 99 senators-elect endorse Lawan as Senate President Omo-Agege threatens fire OWEDE AGBAJILEKE, Abuja

A

head of the inauguration of the Ninth Assembly and election of Presiding Officers slated for Tuesday, June 11, ninety-nine senators-elect have endorsed the candidacy of Ahmad Lawan for the position of Senate President. The breakdown includes 60 All Progressives Congress (APC) senators-elect, 38 People’s Democratic Party (PDP) members while one was elected on the platform of the Young Progressives Party (YPP). Barau Jubrin, secretary of the Ahmad Lawan Campaign Group, revealed this at a meeting with lawmakers-elect in Abuja on Saturday. Barau went ahead to call the names of senators that have so Continues on page 2

Ahmed Lawan, a contender

Mohammed Ali Ndume, another contender

Statist tendencies, unfriendly environment hindering Nigeria from replicating MTN, Dangote, other successful businesses CALEB OJEWALE

I

n recent times, Nigeria has been unable to recreate successful companies such as

Dangote Cement Plc, Seplat, GTB, MTN and others, which by virtue of business-friendly decisions by government at some point, have been able to take advantage of opportunities to

rapidly grow, become success stories, and contribute to economic development. While in the last four years, Nigeria has pursued improvement of its ranking in the World

Bank Ease of Doing Business, the growth on that index has not been reflected in the economy, much less ease of operations by local businesses. In some Continues on page 5


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.