FG Set to Open N30trn Govt Assets for Investment, Restructuring of MOFI Buhari approves securitisation of N20trn borrowings from CBN Provides N470bn for university revitalisation, upward adjustment of lecturers’ salaries Ndubuisi Francis in Abuja President Muhammadu Buhari has approved the process of restructuring the Ministry of Finance
Incorporated (MOFI), the federal government’s investment vehicle, as part of overall measures to revive over N30 trillion non-performing assets and boost government
revenue. Some of the assets are Galaxy Backbone, Bank of Industry (BoI), Development Bank of Nigeria (DBN) and Bank of Agriculture,
among others. To achieve this, the federal government is to fully set up MOFI as a world class investment company with a new management and board
to move from the civil service structure where it sits, as a unit under the Office of the Accountant General of the Federation, with core professionals with specialisation
in portfolio management. The Minister of Finance, Budget and National Planning, Mrs. Zainab Continued on page 39
NCC Directs MTN, Airtel to Reverse Hike in Telecom Tariff... Page 5 Thursday 20 October, 2022 Vol 27. No 10054. Price: N250
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Obajana: Kogi Drags Dangote Group to Court Alex Enumah in Abuja
L-R: Maryam Bashir; Former Executive Diector, Nigeria Export Promotion Council, Mr. Segun Awolowo; Chairman, THISDAY / Arise News Channel, Prince Nduka Obaigbena; Hajia Bola Shagaya; Ogun Sate Governor, Mr. Abiodun Dapo; Former Commissioner for Finance in Lagos State, Mr. Wale Edun, and Mr. Tayo Ayeni, at the PHOTO: ETOP UKUTT Fidau Prayer of Alhaja Saadat Abdulraheem Baakini in Ilorin... yesterday
The Kogi State Government on Tuesday commenced legal action to reclaim ownership of former Obajana Cement Company which is now Continued on page 39
Fashola: Buhari Has Constructed 8,352.94Kms of Roads, Created 339,955 Jobs Says government plans to open 2nd Niger Bridge before Christmas Declares NNPC has released N183bn from the N621bn road tax infrastructure Lai Mohammed says history will be kind to president Iyobosa Uwugiaren and Emmanuel Addeh in Abuja The Minister of Works and Housing, Mr. Babatunde Fashola, yesterday said in spite of the shortfall in the federal government’s revenue, arising from weakness in the global
economy that led to drop in oil revenue, the President Muhammadu Buhari-led government has been able to construct and complete over 8,352.94 kilometres of roads and created no fewer than 339,955 Continued on page 39
FG: Lagbo Dam Not Responsible for AT THE 90TH INTERPOL GENERAL ASSEMBLY IN NEW DELHI... Chairman, Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa (left), and India Director, Enforcement Massive Flooding in Nigeria... Page 40 Executive Directorate (ED), Sanjay Kumar Mishra, during the 90th Interpol General Assembly in New Delhi, India… yesterday