BDSUNDAY BUSINESS DAY
www.businessday.ng Sunday 28 July 2019
Kogi guber election: Wada, Bello and Ameh woo electorate with great promises
p.13
Market & Commodities Monitor Brent Oil
5yr Bond
$63.34
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Gold
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$1,430.10
-0.21 13.67% 20yr Bond
Cocoa
0.09 14.08%
$2,389.00
APC toys with extinction in South-South as party dithers on crisis resolution in Edo James Kwen, Abuja
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he ruling All Progressives Congress (APC) is heading towards extinction in the South-South geo-political zone of the country as the crisis in the Edo chapter of the party, the only state it controls, runs deeper. Edo, apart from being governed by APC with Governor Godwin Obaseki in the saddle, was the only state in the SouthContinues on page 4
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BDSUNDAY 19
THE PROLOGUE
Shi’ites Vs Police 48 hours of madness in Abuja
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ast Tuesday, members of the Islamic Movement in Nigeria (IMN), Shiite moslem group, took the Federal Capital Territory (FCT) on the jugular. The group rained fire and brimstone on the city, leaving the residents suffocating in the smoke of cross-fire. They had protested the previous day, but it was on Tuesday that hell was let loose. Up till now, nobody is sure of the exact death toll.
The group wants their spiritual leader, Ibrahim elZakzaky, released, but government says only the court can do so. El-Zakzaky has been in detention since 2015 on a murder charge that his supporters view as fabricated. The security agencies and the group have continued to accuse each other of sparking violence. It does not yet appear Nigeria has embraced peace on this score. And the casualty figure continues to swell.
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Vol 1, No. 273 N300
Airtime, data, roaming send MTN ?? Presidential Taskforce on Apapa Nigeria’s half-year revenue to Gridlock: So far, so good N567bn p.39
pp.41 41.
Ministerial nominees in intense lobby for ‘juicy’ portfolios Critics say, Senate screening reduced to child’s play List does not reflect President’s claim of graft fight OWEDE AGBAJILEKE, Abuja & INIOBONG IWOK, Lagos
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head of the confirmation of ministerial nominees by the Senate, most of the appointees are already lobbying for juicy portfolios, BDSUNDAY can report. Barring any unforseen circumstances, all the 43 nominees are expected to be confirmed by the upper legislative chamber on Monday, after which they would be sworn in by President Muhammadu Buhari and assigned portfolios. It was also gathered that the ministerial nominees are mounting pressure on their political godfathers, members of the President’s cabal and governors who have the ears of the President to get juicy Continues on page 2
L-R: Rob Shuter, chief executive officer, MTN Group; Jonas Mcebisi, incoming chairman, MTN Group; Phuthuma Nklekho, outgoing Board chairman, MTN Group; Prof. Yemi Osinbajo, vice president, Federal Republic of Nigeria, and Ernest Ndukwe, incoming Board chairman, MTN Nigeria, during the courtesy visit of MTN to the Vice Presidency.
Nigeria’s education sector in tatters p. 19
Jakande…the steps of a good man
…As leaders demonstrate lack of faith in system …Look abroad for own children’s training Our Correspondents
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very disturbing fad appears to have hit Nigerian leaders and elite who in recent history have developed the aptitude to train their children and wards in the most prestigious higher educational institutions in the West and other parts of the world. In some conscious demonstra-
tions of the poor faith in Nigerian education system by the Nigerian elite, pictures have emerged where the men entrusted with the power to make policies to improve education in the country have allegedly used public funds to send their children abroad to acquire higher education to the utter neglect of the country’s education system, which had remained in coma.
It is gradually becoming a status symbol for the average public office holder and politician-sending their children to school abroad despite the high cost of education there. On the average BusinessDay gathered that some spend between N15 and N30 million per session to train a child in some of these foreign universities, especially in Europe and North America. Some who cannot
afford these high fees in the Western World have settled for higher education in some Asian and African countries such as China, Malaysia, India, Ghana, Egypt, South Africa, Kenya, even Benin Republic. Over the years, higher education, especially the public institution has degenerated so much in content and value as to lose the attraction of the elite, in what one analyst Continues on page 4