Economic Hardship: Sanwo-Olu Intervenes, Reduces Working Days for Civil Servants 25% transport rebate returns, 100,000 trailers of rice for 300,000 residents 31 hospitals to deliver pregnant women for free Segun James Lagos State Governor, Mr. Babajide
Sanwo-Olu, yesterday, unveiled a package of palliatives for residents of the state to cushion the current
economic hardship in the country. Sanwo-Olu said as part of the measures to lessen the adverse effect
of the federal government’s recent policies on the people, working hours for civil servants on Grade Level 1-14
The governor unveiled the
had been reduced to three days a week, while those on Grade Level 15-17 will work four days per week.
Continued on page 5
Monthly Allocation: FAAC Shares N1.149tn to FG, States, LGs... Page 8 Friday, February 23, 2024 Vol 29. No 10544. Price: N400
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Naira Surges to N1,700/$1 at Parallel Mkt on Clampdown on Crypto Platforms... Page 5
Tinubu: No Going Back on Economic Reforms Until Vision for Nation is Achieved Recommits to creating investment opportunities, tackling poverty Crackdown on BDCs' not solution, says Rewane Deji Elumoye, James Emejo in Abuja and Nume Ekeghe in Lagos President Bola Ahmed Tinubu,
yesterday, responded to calls for a review of the current economic reforms that have intensified hardship across the country, insisting that there
was no going back until his vision for the nation was achieved. Tinubu, who said his “can-doattitude must be translated into
“must-do-attitude”, stressed that his administration remained steadfast in implementing necessary economic reforms to facilitate business growth
and create investment opportunities that support the nation's growing population. This was as the beleaguered naira
experienced significant gain against the US dollar in the parallel market Continued on page 5
Nigeria’s Economic Reset: Scores See New Opportunities Amid Pain THISDAY editors review impact of devaluation on Africa’s largest market Present five ideas for a new Nigeria (Part I) Emmanuel Addeh in Abuja While Nigeria is experiencing her worst economic reset since independence, compounded by naira’s free fall, many analysts and economists however see new opportunities for rebuilding a new economy if handled properly. Experts have identified five areas they described as low hanging opportunities that could significantly redefine the economic direction for
the country and boost its FX position. They are the oil and gas, technology, social media influencing, security services, and agriculture.
Oil and Gas In the oil and gas sector for example, despite being Nigeria’s lowest hanging fruit, many see new opportunities after years of decline and low investments. Continued on page 5
IGHODALO EMERGES EDO PDP GOVERNORSHIP CANDIDATE... PDP governorship candidate, Dr. Asue Ighodalo, and his wife, Mrs. Ifeyinwa, delivering his victory speech after the Edo PDP primary election, at the Lawn Tennis Court of the Samuel Ogbemudia Stadium, in Benin City... yesterday – See Story on page 32