BusinessDay 26 Aug 2018

Page 1

BDSUNDAY BUSINESS DAY

Return our guns now or we will disrupt 2019 general election, militants tell govt p. 7

CCNN, Cutix, 20 others beat bond yields as equities shed N676bn YTD p.35

?? Ojude Oba: Ijebu people

rally round their grandeur cultural heritage p. 44

Sunday 26 August 2018 Market & Commodities Monitor Brent Oil

5yr Bond

$76.15

0.17 14.58%

Gold

10yr Bond

$1,214.40

-0.11 14.78%

Cocoa

20yr Bond

$2,365.00

0.04 14.90%

inside Dassa-Zoume: Religious tourism made in Benin Republic

Vol 1, No. 231 N300

Fire-brigade projects Politicians in desperate moves to woo voters

I

CHUKS OLUIGBO & INIOBONG IWOK

t was James Freeman Clarke, 19th Century American theologian and author, who said: “A politician thinks of the next election; a statesman, of the next generation.” What is playing out on the Nigerian political scene today, following from Clarke’s assertion above, points to the fact that there are no statesmen in the country – only politicians. All that the political actors in the country are concerned about is the next election.

As another election cycle gets underway, politicians vying for various political positions are falling over themselves in their desperate bid to curry the favour of the electorate and woo them to their side. Those in elective positions who want to return for a second term have begun to initiate firebrigade projects to give the impression that they are working. State governors who have been known not to have any history of project delivery in over three years in office have suddenly woken from their slumber. Across the land, it’s a frenzied atmosphere as serv-

ing legislators at both state and federal levels desperate to retain their seats are embarking on subversive philanthropic gestures in the name of constituency projects. The news media is awash with empowerment projects by these desperate politicians. Some of these so-called empowerment projects include distribution of sewing machines to women, tricycles (Keke), wheelbarrows, commercial buses and motorcycles

P. 2

p. 12&13

Violent by-election in Rivers: Why APC will not try that again in 2019 – Glory Emeh

p. 24&25

NIRSAL swaps maize farmers’ loans for inputs …Beneficiaries scream foul Josephine Okojie

T

he Nigeria IncentiveBased Risk Sharing for Agricultural Lending (NIRSAL) is set to swap loans meant for maize farmers under the auspices of Hope Concept

p. 3

President Muhammadu Buhari yesterday at the Umaru Musa Yar’Adua Int’l Airport, Katsina, met with military personnel deployed to curb the activities of criminals in Zamfara and neighbouring states under Operations Sharan Daji and Diran Mikiya.

Nigeria breaches ECOWAS Protocol less than 6 months to 2019 election INNOCENT ODOH & OWEDE AGBAJILEKE, Abuja

L

ess than six months to the 2019 general election, Nigeria stands the risk of breaching the Economic Community of West African States (ECOWAS) Protocol if President Muhammadu Buhari signs the Electoral Act (Amendment) Bill

into law. This is because the Protocol stipulates that no member country should amend her Electoral Act six months to an election. Checks by BDSUNDAY reveal that as of Sunday, August 26, 2018, the next general election billed for February 16, 2019 is exactly 177 days away - less than six months to the exercise.

The ECOWAS Protocol on Democracy and Good Governance was adopted in December 2001 by the Heads of State and Government as supplementary to the Protocol relating to the Mechanism for Conflict Prevention, Management, Resolution, Peacekeeping and Security.

p. 3


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