April 24, 2015

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Newspaper of the Year

Olanusi: Ondo CJ sets up panel

Workers attack unions over Fayose NEWS

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NEWS Page 8

•‘Shun politics and face our welfare’

•Deputy governor knows fate soon

•Nigeria’s widest circulating newspaper

VOL. 10, NO. 3194 FRIDAY, APRIL 24, 2015

•www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

•ANYIM, SYLVA HEAD INAUGURATION COMMITTEE P5 TINUBU: APC’LL FIGHT POVERTY P5 Troops get mandate to catch Shekau

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ROOPS have got another mandate to catch Boko Haram leader Abubakar Shekau alive. Shekau is believed to have relocated from his bunker before the troops reclaimed Gwoza from the insurgents, a report has said. The military is said to be probing the “sudden disappearance of Shekau”, who has remained incommunicado. According to PRNigeria, the search for Shekau followed the recovery of key towns and hideouts of Boko Haram. The PRNigeria is the intelligence source through which the military and security agencies release strategic information. The source said: “With peace and quiet from the usually vociferous Abubakar Shekau, there are speculations within the security circles that the group may have been so disarrayed that it no longer has the luxury of issuing threats. ”A military source told PRNigeria that since the declaration of the final push against the insurgents in the middle of February, and directive to clear all terrorists’ camps before May 29 handover date, Nigerian troops have been on the lookout for Shekau and other commanders of Boko Continued on page 4

•Participants at the signing of peace accord between Nigerians in Diaspora Integration Agency and South Africans living in Nigeria in Abuja…yesterday. SEE STORY on PAGE 3

PHOTO: NAN

How govt can raise $75b, by CBN chief Emefiele

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OME tips on funding have come for the incoming Muhammadu Buhari administration. It should consider selling down its majority stakes in joint ventures with multinational oil companies to shore up finances and raise funding for infrastructure development, Central Bank of Nigeria (CBN) Governor Godwin

Emefiele,has suggested. CBN officials who evaluated how much could be raised if the state-owned Nigerian National Petroleum Corporation (NNPC) substantially reduced its 55 per cent equity in the joint ventures — with Royal Dutch Shell, Chevron, ExxonMobil, Total and ENI, which pump about half of Nigeria’s two

million barrels a day of oil production—gave $75billion as a realistic target. Private equity groups could be encouraged to compete with the oil companies for acquisitions to ensure the price is competitive. Some of the proceeds could be used to rebuild macroeconomic buffers, damaged by the collapse in world oil pric-

es and failure of outgoing President Goodluck Jonathan administration to save more when prices were high. Emefiele said a greater portion should be invested in transport and energy developments that would “grow the economy and create jobs”. Continued on page 4

•Gen. Buhari

Petrol subsidy booby trap for Buhari in Budget 2015

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WILL THE CHIBOK GIRLS KIDNAPPED ON APRIL 15, LAST YEAR EVER RETURN?

House passes N4.5tr Appropriation Bill

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HE stage seems set for a major controversy in the polity, with the passage yesterday of the 2015 Appropriation Bill. There is no provision for fuel subsidy in the N4,493,363,957,158 estimates approved by the House of Representatives. The budget has a recurrent (non-

From Victor Oluwasegun and Dele Anofi, Abuja

debt) expenditure of N2.607, 132,491,708. Last year, N971.1b was spent on fuel subsidy - same as in 2013. The N701, 415,465,449 capital expenditure was broken into N556, 995,465,449 for Ministries, Depart-

•SEE ALSO PAGE 11

ments and Agencies (MDA) and N144, 420,009,000 for statutory transfer. The budget is N67,433,759,158 higher than the N425,425,930,000 stated in the report that was laid on Wednesday by the joint Chairman, Committees on Appropriations and Finance, John Enoh. Speaking on the removal of fuel sub-

sidy, Legislative Budget and Research Committee Chairman Opeyemi Bamidele said it was a booby trap set for the in-coming Muhammadu Buhari administration. According to him, the silence over the removal is capable of setting off the new government on a wrong footing. Continued on page 4

•AGRIC P12 •BRAND P14 •SPORTS P24 •SOCIETY P42 •POLITICS P49 •FOREIGN P60


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