World Bank Cuts Nigeria’s 2023 Economic Growth Projection to 2.9% Says current growth rates in Africa inadequate to create enough jobs
Ndubuisi Francis in Abuja and Nume Ekeghe in Lagos Citing currency pressure, insecurity, and other challenges, the World Bank Group yesterday, revised
its economic growth outlook for Nigeria in 2023, to 2.9 per cent, lower than its earlier projection of 3.3 per cent for the West African country. This was revealed in the mul-
tilateral institution’s latest ‘Africa Pulse,’ a regional macroeconomic outlook released yesterday, where it noted that Sub-Saharan Africa’s economic outlook remained bleak amid an elusive growth recovery.
Nigeria and Angola are leading oil producers in Africa. It noted that rising instability, weak growth in the region’s largest economies, and lingering uncertainty in the global economy were drag-
ging down growth prospects in the region. The report forecasted a deceleration of economic growth in Sub-Saharan Africa to 2.5 per cent in 2023, from 3.6 per cent in 2022.
The Washington-based institution stated: "South Africa’s GDP is expected to only grow by 0.5 per cent in 2023 as energy and Continued on page 9
Senate Confirms Balarabe, Bio Ibrahim, Olawande as Ministers... Page 9 Thursday 5 October, 2023 Vol 28. No 10403. Price: N250
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Shettima: Nigeria Must Break Shackles of Over-reliance on Oil, Harness Non-oil Potential for Export... Page 5
Tinubu Meets Constitutional Qualifications for President, But Focus Shifts to “INEC Diploma” Disowned By CSU Alex Enumah in Abuja
President Bola Tinubu’s certificate
crisis cum the eligibility question to run for the office of the president does not appear an issue that would go
away anytime soon. Even after the Supreme Court must have made a pronouncement in the case – either
for or against – the matter now has a life of its own. A recent deposition by the registrar
at the Chicago State University (CSU), Caleb Westberg, which though confirmed that Tinubu was a graduate
of the institution, and added that the Continued on page 9
CSU:Tinubu Our Graduate, But We Didn't Issue Diploma He Submitted to INEC Matter is frivolous, distracting, says foreign affairs minister President’s certificate not forged, insists presidency Atiku to hold world press conference today Supreme Court will do Nigeria a great disservice to ignore CSU's deposition
Deji Elumoye, Emmanuel Addeh and Alex Enumah in Abuja The registrar of Chicago State University (CSU), Mr. Caleb Westberg, Tuesday, told a court ordered deposition in Illinois that even though President Bola Ahmed Tinubu graduated from the university, it did not issue the CSU diploma certificate Tinubu submitted to the Independent National Electoral Commission (INEC) for the 2023 presidential run. Westberg made the disclosure while responding to questions from Angela Liu, lawyer to former Nigerian Vice President Atiku Abubakar, in a United States legal proceeding. The former vice president will today hold a world press conference on the result of his discovery effort at CSU. But Minister of Foreign Affairs, Yusuf Tuggar, described the issues surrounding the president’s academic qualifications as frivolous, saying the administration cannot waste its time Continued on page 9
Presentation of NESDMP...
L-R: MD/CEO, North-East Development Commission (NEDC), Mohammed Alkali; Chairman, Retired Major General, Paul Tarfa, and Vice President Sen. Kashim Shettima, during the presentation of PHOTO: GODWIN OMOIGUI the Highlights on the NEDC MasterPlan (NESDMP), held at the Presidential Villa Abuja...yesterday