President: I Unified Forex to Save Nigeria from Financial Crisis Advocates team work for robust economic turnaround Seeks governors' cooperation Deji Elumoye in Abuja and Segun James in Lagos President Bola Tinubu, yesterday, rose in defence of the unified foreign exchange regime recently introduced by his administration, saying it is
in the best interest of the country. Tinubu said he could have chosen to maintain the former multiple foreign exchange system and reap benefits from it, but opted, instead, to unify the official and parallel market rates to save the country
from financial haemorrhage. Speaking at a reception organised in his honour by the Lagos State government at the Lagos House, Marina, Tinubu said he took the decision in the country's best interest, just like he did with fuel
subsidy removal. It was Tinubu’s first visit to Lagos since his swearing in as president on May 29. He was in Lagos to celebrate the Eid. “I could afford to share the benefit by participating in the
arbitrage, but God forbid! That's not why you voted for me," he said. He stated that it was imperative to take those decisive actions in the early days of his administration. The president said, "We need to take the steps to stop the bleeding
of our finances through speedy action on fuel subsidy. We have no choice." Tinubu explained that as a way of ensuring good use of available Continued on page 5
With $15.6bn Wealth, Bloomberg Rates Aliko Dangote Richest Man in Africa... Page 5 Friday 30 June, 2023 Vol 28. No 10306. Price: N250
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Afenifere Urges Tinubu to Arrest Spate of Price Increase... Page 6
WSJ: Aftermath of Failed Mutiny, Putin Moves to Seize Control of Wagner’s Global Empire Sends emissaries to Africa, vows group’s operations won’t be disrupted
Emmanuel Addeh in Abuja with agency report
After Yevgeny Prigozhin’s army of ex-convicts and mercenaries halted their advance on Moscow, the Kremlin
is set out to seize full control of the global empire built by the notorious military entrepreneur, The Wall Street
Journal (WSJ) has reported. To give assurance to areas where the group operates, including a handful of
African countries, the Russian leader, President Vladimir Putin, immediately deployed his men, with a simple, but
important message that although the Continued on page 27
Tinubu: Despite Ineffective Cashless Policy, IRecalls Knew We Would Win Presidential Poll emi lo kan declaration started in Ogun Says he invoked spirit of freedom, determination twice to overcome poll obstacles Pledges to fulfil all promises, urges Nigerians not to be in hurry Obi chides president over convoy formation
Deji Elumoye in Abuja, James Sowole in Abeokuta and DavidChyddy Eleke in Awka President Bola Tinubu, yesterday, said he remained optimistic of emerging victorious in the February 25, 2023 presidential poll, despite obstacles thrown in his way, like what he called the ineffective cashless policy implemented by the Central Bank of Nigeria (CBN). The president spoke in separate meetings in Ogun State at the palaces of the paramount ruler of Ijebuland, Oba Sikiru Adetona, in Ijebu-Ode, and Alake of Egbaland, Oba Adedotun Gbadebo, in Abeokuta, during a thank-you visit to the royal fathers. Tinubu recalled that the “emi lo kan” declaration started in Ogun Continued on page 5
TINUBU VISITS AWUJALE... L-R: President Bola Ahmed Tinubu , the Awujale of Ijebuland, Oba Sikiru Kayode Adetona, and Globacom Chairman, Dr. Mike Adenuga (Jr.), when the President visited the traditional ruler in Ijebu Ode, Ogun State... yesterday
Major Shake-up as Navy Reshuffles, Redeploys 56 Rear Admirals... Page 26