Maintain Tight Monetary Policy to Check Inflation, IMF Tells CBN Obinna Chima and Nume Ekeghe in Washington DC
The International Monetary Fund
(IMF), yesterday, advised the Central Bank of Nigeria (CBN) to maintain its monetary policy-tightening mood in order to cage inflation, which jumped
to 21.91 per cent as of February. The Washington-based institution, in its World Economic Outlook (WEO) titled, “A Rocky Recovery,”
released yesterday, retained Nigeria’s Gross Domestic Product (GDP) growth projection for 2023 at 3.2 per cent.
Speaking at a press briefing to unveil the WEO at the on-going IMF/World Bank Spring meetings in Washington DC, Division Chief,
Research Department, IMF, Daniel Leigh, said, “For Nigeria, our forecast Continued on page 10
Buhari, Atiku, Ohanaeze Mourn as Ex-Anambra Gov, Mbadinuju, Dies at 78... Page 41 Wednesday 12 April, 2023 Vol 28. No 10227. Price: N250
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Chimamanda: Buhari, INEC Blew Last Chance to Emerge Nigeria's Heroes Insists her critics deflecting focus on pertinent issues, deploying ethnicity Says she respects Soyinka, but disagrees with him on 2023 polls Emmanuel Addeh in Abuja Award winning writer and
renowned novelist, Chimamanda Adichie, yesterday ramped up her criticism of the conduct of the 2023
presidential election, maintaining that President Muhammadu Buhari and the Chairman of the
Independent National Electoral Commission (INEC), Mahmood Yakubu, blew the chance to emerge
the new heroes of Nigeria’s fledgling democracy. Speaking on Arise Television,
THISDAY’s broadcast arm in an Continued on page 10
INEC: No Act of Infraction Substantial Enough to Nullify 2023 Presidential Poll Argues same constitutional provisions apply to states, FCT on 25 per cent in 24 states, insists Tinubu won Atiku contends that election petitions put judiciary on trial APC: Tribunal lacks necessary jurisdiction to entertain petition on Tinubu’s qualification, Obi has no locus standi Chuks Okocha, Alex Enumah in Abuja and Segun James in Lagos The Independent National Electoral Commission (INEC), yesterday, came out strongly to defend the election of the presidential candidate of the All Progressives Congress (APC), Bola Tinubu, in the February 25 election, saying alleged infractions not substantial enough to nullify the exercise. INEC, which responded to petitions by Peoples Democratic Party (PDP) and its presidential candidate, Atiku Abubakar, argued that the same 25 per cent in 24 states constitutional requirement that applied to the 36 states of the federation, applied to the Federal Capital Territory (FCT), insisting therefore that Tinubu won the election. In the petition filed by its lead counsel, Mr Abubakar Mahmoud,
INEC, while intervening in the controversy that trailed the alleged abuse of the Bimodal Voter Accreditation System (BVAS), stated that the machine was not designed for real-time results transmission for collation purposes. Mahmoud added that INEC’s Results Viewing Portal (IReV) was not designed and intended for collation of results either. But Atiku, yesterday, said the controversial results of the February 25 presidential election had put the entire judicial system of the country on trial, as the global community watched its handling of the various petitions against the conduct and outcome of the poll. Atiku gave what he dubbed “empirical evidence” of how the presidential election results were manipulated in favour of the presiContinued on page 10
World Medical Association Attacks Lawmakers over Bill Restricting BUHARI IN SAUDI ARABIA... President Muhammadu Buhari (left) being welcomed by the Deputy Governor of Madinat, Prince Saud ibn Khalid Al Faisal to Madinat at the Prince Doctors to Nigeria... Page 40 Muhammad ibn AbdulAziz International Airport ... yesterday