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NEWS Y O U CAN TRUST
Osun free hOi" ride excites Easter
to succeed when emyo!le is in charge
holidoymoke"
No police retiree ca{»tured in offshore biometric trips
GDP rebasing to make Nigeria 30th largest economy, investment I destination PATRICK A1\JANYA &
- N140.23m payment voucher missing exm.iIe forpotic:e rerirees, desaib-
BAOEJO ADEMUYlWA
damnJng" repon on the
Inghas.fraud. The Abdulruhld Malna· led PelUton Rdonn 1Uk Team took N140 million &om the Police PelskJn PUnd for bkxnecrIc capcuring or police retirees in the DIupora.
ofI&bonobktmt:Uicdatac::apnuins
ThecountriesvtshedlncludeSoulh
FE ton
udI
~~~
Auditor-Genual for the Federation have Jiven •
Afrk::I.Ghana, theUnl1ft:l1oln£dom. as weD as New-Yod;. and Manta In theUnitcdStalel. In therqKll1 ~OAuGFI L1SD/POL.PEN{VOL.l/15 and signed by F.N Anyanwu. director. ~ )udidaty and Securtty ~tbe.udiIDBA)'theirevai.
AFEGOPYEMO uationoltheexedseshowedthMtt ~'3S pwpoedesIand had no~. dYes. Theaudit~hasbeerlieDl 10 the pl!'I"IJWIeI11 secretary. PoUc:e AfIain ~ the finance minisuy andtheofflceoitbe l ieadolSenrk::e. -An eYaluadon of the biometric: Conlin.uesOI'J PG&e.f
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IBerta" upected reba,-
Ins orlts Grou Domwlc Product (COP) Ibis year, to beller renl!Cl the flructure of the economy, may catapult ilto the 30th 'allest economy In the wortd. &om Iu Cl1l1'eOt 40th posiLion, accordJng to BuslnKlDa,
lindlngs. Thl. will make Niserl. an Increasingly Investment destinatJon and boost consumer s iocks with the potential Increase in GOP pel capita. Mon Bovernments overhaul GOP calculations every f\!W)'eus to renea changes In output and
consumption, such as mobile phones and Internet ~, but Nigeria has nOI done so since 1990, suggesting thai the previOU5 GOP fnmework undeTHtlmafed economic activities. When Ghana', GOP was rebued In 2010, the ,in of lu economy w., found to be 60 percent bigger than prC'VIously recorded, S31 billion, compared to S18 billion, Nigeria 's current nominal GOP for 2011 is S247 billion, according to data [rom the International Monetary Fund (lMF), .nd • ,!milM 60 percent rise would bring 1110 $395.2 billion, making it the 30th larsesl economy In the world, u .t Ihe end of 2011 , fUll behind South .l\frica ($422 billion), AU' tria ($425 billion) and Argentina (5435 billion), The rebuing would alw entrench Nlgerl.', pOSition as the l -R Ngoz!()k(qo-...... "....,of&nano., P.WObi.~. AnambnI~,
1fuoU~ ,
c:human. FIRS and SMrnsudOen lJIm.n, ~of
~ ! ~ at"NabonalEc:ortCII'I'IICCoundI~.,~
ConlmUl'.S
on
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Planned rice mills, cassava plant to cost 1.2bn _.,.",'5.,._""'_ """".....,."""'-,,......,. _"""""" __ "., of FE, ......"""""" ...... """ ........ ONYlNYENWACHU~
sabIIhans the 100 Ib miDI and 18 hiGh quahty caas;l\411
processing plants be. p~ by the FedenJ GoYl"mment to boost production and ~ vaU: ct-. wi! <XIII about $1.2 blruon (N189.6 billion).
Aldnwl.nnlAdesiM.~ikUerofA«-
~klabolaS514m111kln
ric:Unft. baafDld Bu!iIneIDay
(N85J.2 mIIbl) ",ijch "'.. be rIIiIed
NitJeda ~ in rice produc.
On thr rice milk which haw> aI
dwuBhJCM'ft!ip1 __ to~
10 mlIaI d..e 2.1 million meo1clOOSof
the project which wUl be basically prh_ seaor-dnwn.
"",,'-'''-by'''''-''
the lr.lr1SbmMion programmeisalso
gownwnent has sip!d • Memoran-
d6caDytheChina~1\md,
ntem1Jlsand~pbmsn
to rep!:aupto40peternofd.ev.'heat
v.tich t.d eJpreIIIIil'!d Ir1RftIt in up ., 50 pem!!II oflhe oaI sum. CUofthealllOl.R.lhqDwnvnent
lildwsane pan oflhe Feder.liGcMmmenlslrnn5ilrrnadon aaion plan b
, dum m~(MoU)Wlth the 0Dnete compames that ",ill be!
~1Ohlm.lt*Ct.*wi!ro
me
be borne by ~ alone., bur by equtry inYesIon kl Ojna, spe-
~wttilJ*1Iy.eebIOn.tr
-.-.coundI(FOC)._,,",
with CISAW ~ through ~ andiec:tnoe'-aluechalnbCMS<M,b
_""'_of""'_ Conluwes on
Prl~"