BusinessDay 21 Apr 2019

Page 1

Nigeria can’t achieve security with single federal police agency – Opeyemi Agbaje

Jolly Easter as Nigerians adjust to economic realities

peyemi Agbaje is the chief executive officer (CEO) of RTC Advisory Services Ltd, a leading strategy and business advisory firm in Lagos, Nigeria. He actively participated in the last general election, contesting the governorship primary on the

IFEOMA OKEKE AND BUNMI BAILEY

O

…Airlines record full load, deploy more aircraft

platform of the Social Democratic Party (SDP). But he is not happy with the trends and direction of Nigerian politics. He believes that the country needs some form of restructuring, and is also worried about the challenging security situation in the country. See page 16

C

onsumers across the country appear to be having a better outing this Easter than was the case last year, checks by BDSUNDAY have shown. Unlike last year when many

people said they were not able to afford basic items for celebration including the necessary food stuff and commodities associated with festivities, the story appears different this time around. The marked difference was also noticeable in the transportation sector where transporters seem to Continues on pages 2

BDSUNDAY BUSINESS DAY

www.businessday.ng Sunday 21 April 2019

Why Nigeria should sign the AfCFTA in next AU meeting - Kenyan envoy High Commissioner p. 32

www.facebook.com/businessdayng

Motor, engineering, two others generate 90 percent underwriting profit in 2018

@businessDayNG

@Businessdayng

Vol 1, No. 260 N300

?? Tiger Woods and the

return of a Champion

p. 40

p.47

Market & Commodities Monitor Brent Oil

5yr Bond

$71.99

0.00 13.94%

Gold

10yr Bond

$1,276.10

0.03 14.54%

Cocoa

$2,372.0

20yr Bond

0.11 14.56%

inside NJC extends Muhammad’s tenure for another three months

p. 4

The Redemption Price: As Christians all over the world gather today in commemoration of the resurrection of Jesus Christ, otherwise known as Easter, it is noteworthy that man’s redemption would not have been possible without the events of Good Friday. Here, St. Kizito Catholic Church, Iju, Lagos, displays a drama depicting Jesus carrying the cross towards his crucifixion in remembrance of His death. Pic by Olawale Amoo

P. 21

Easter with the arts

Survival on the fringes Informal sector thrives in spite of government

CHUKA UROKO AND AMAKA ANAGOR-EWUZIE

25

L

ife appears to be very difficult for many Nigerians. Many today are surviving on the fringes, providing virtually everything including water, light and roads, in some

cases, by themselves. A true reflection of the state of the nation and its economy is the phenomenal growth of the informal economy where operators that include carpenters, welders, plumbers, vulcanisers, motorcycle (okada) and tricycle (keke Maruwa) riders, bean-cake (akara) fryers, corn roasters, hawkers, etc, hang on to life by making ‘kobo-kobo’

and surviving on daily basis in spite of government. But even though life and living have become a risk, the resilience brought to bear on them has produced positive outcomes. Some of these people, out of their meager earnings, have made remarkable achievements for themselves and their families. Stories are told of a good num-

ber of Okada riders that have trained themselves in schools up to university level while ‘akara’ fryers, mostly women, train their children in schools and pay family house rents. Unarguably, Nigerians deserve a better deal from their government and it is only hoped that the next four years would lift them from the present situation. See Pages 43-44


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.