BusinessDay 19 May 2019

Page 1

Fashola urges contractor on Onitsha/Enugu road rehabilitation to step up action

Igbos don’t deserve presidency - Amaechi Iniobong Iwok with agency report

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otimi Amaechi, minister of transportation, has said that the Igbos of the South-east geo-political zone of the country should not demand the presidency in 2023, because they did not deserve it. He said that the All Progressives Congress (APC) got lesser votes in the region during the

2019 presidential election than in any other zone, describing it as voting against the party. Speaking with journalists at the weekend, Amaechi said the Igbo have nothing to bring to the negotiation table for 2023 presidency, stressing that the region’s decision to support candidate of the opposition party was an error. According to him, “I don’t

Emmanuel Ndukuba, Awka

T

he Minister of Works, Power and Housing, Babatunde Fashola has challenged the contracting firm handling the rehabilitation of Umunya/Amawbia axis of Onitsha/Enugu expressway to step up Continued on page 3

Continued on page 2

BDSUNDAY BUSINESS DAY

www.businessday.ng Sunday 19 May 2019

I’ve invested no hope in what PDP is going to do in Adamawa – Birma Dauda

www.facebook.com/businessdayng

@businessDayNG

When Ajimobi, Ganduje read from same book…Ibadan, Kano shook

p. 20

@Businessdayng

Vol 1, No. 264 N300

??MTN boosts market sentiment with N200bn medium term loan facility

p. 31 & 32

p. 39

Market & Commodities Monitor Brent Oil

5yr Bond

$70.63

-0.02 14.39%

Gold

10yr Bond

$1,286.80

-0.10 14.23%

Cocoa

$2,312.00

20yr Bond

0.00 14.29%

inside The Alabo at 80: Port Harcourt stands up for Tonye Graham Douglas

p. 15

Nigeria is moving rapidly towards disintegration – Guy Ikokwu

P. 21

Rise in suicide among millennials mirrors sick society

L/R: Uja Tor Uja, executive secretary, Nigeria Christian Pilgrim Commission (NCPC), in handshakes with Adamu Sheikh, manager, Yola International Airport, while Idoko Inalegwu, manager, Nigeria Airspace Management Authority (NAMA), looks on, during the NCPC boss’ visit to Yola Airport Authorities in preparation for the 2019 Christian Pilgrimage exercise.

Calls for true federalism get traction as Buhari joins fray Analysts hail President’s U-turn ‘Seeing is believing’ - Skeptical pundits

Innocent Odoh, Abuja

P. 22 & 23

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i k e a b u g b e a r, t h e clamour for restructuring of the federation to achieve “true federalism” once again emerged from uncertain quarters to grace national discourse

when President Muhammadu Buhari unexpectedly called for the restructuring of Nigeria along the lines of true federalism. On May 10, 2019, the President while giving his address at an event organised by the ruling All Progressives Congress (APC), said: “We remain committed to improving the welfare

of the Nigerian people. Your Excellencies, it will be belaboring the point to say that true federalism is necessary at this juncture of our political and democratic evolution”. The President had before now dismissed those clamoring for the restructuring of the country along true federalism,

describing them as opportunists even when his party has the item in its manifesto. But the sudden embrace of the idea by perhaps, its most potent antagonist, got many analysts respond differently. While some are commending the new stance, others

p. 2


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BusinessDay 19 May 2019 by BusinessDay - Issuu