World Bank President: Nigeria in Urgent Need to Strengthen Fiscal Management Harps on need to create unified, stable, market-based exchange rate Ndubuisi Francis in Abuja and Nume Ekeghe in Lagos The World Bank has urged Nigeria
to urgently strengthen its fiscal management, create a unified, stable market-based exchange rate, and reiterated the need for the country
to phase out what it described as, "its costly, regressive fuel subsidy." It also advised the country to quickly rationalise preferential trade
restrictions and tax exemptions. The Bank's Group President, David Malpass gave the admonition while commenting on a new
Nigeria Public Finance Review report released yesterday in Abuja. Malpass said: “Nigeria's government urgently needs to strengthen
fiscal management, create a unified, stable market-based exchange rate, Continued on page 31
CUPP Lauds Emefiele on Naira Redesign, Alleges Move By Lawmakers to Scuttle Initiative... Page 5 Tuesday 22 November, 2022 Vol 27. No 10087. Price: N250
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Shehu: Lack of Fiscal Autonomy, Funding Gaps Threatening Independence of RMAFC... Page 10
Adebanjo: It’s Igbo’s Right to Produce Next President Says APC has disqualified South-east Nigeria's unity negotiable, Baba-Ahmed posits Segun James The leader of the pan-Yoruba socio-political group, Afenifere, Chief Ayo Adebanjo, has main-
tained that it is the right of the Igbo ethnic nationality to produce the next president of Nigeria. However, Adebanjo said the ruling All Progressives Congress
(APC) had disqualified the Igbo by refusing to pick its presidential candidate from among them. Adebanjo’s postulations came as a member of the Northern
Elders Forum (NEF), Hakeem Baba-Ahmed, said the unity of Nigeria was negotiable among all the people that make up the country.
They both spoke at a public lecture organised by the Igbo sociopolitical organisation, Ohaneze Ndigbo, at the Nigerian Institute of International Affairs, Victoria
Island, Lagos. The lecture had the theme, “Nationalism and Nation BuildContinued on page 31
Obi to Nigerians: I’ll Be in Charge of Nigeria, Hold Me Responsible Says he won’t give excuses as president but provide solutions Reiterates commitment to transforming nation, outlines agenda Declares era of borrowing for consumption over Explains delay in releasing his manifesto Clarifies he didn’t offer Kwankwaso money to step down for him Segun James and Oluchi Chibuzor Presidential candidate of Labour Party (LP), Mr. Peter Obi, yesterday, told Nigerians that he would be the one actively in charge of the affairs of the nation, if elected president, and should, thus, be held responsible for whatever happened on his watch.
Obi made the assertion in Lagos when he appeared as guest of the Nigerian Guild of Editors (NGE) forum. The LP candidate promised never to give excuses as president but always provide solutions, and Continued on page 31
NEWS PAPAL KNIGHTS...
L-R: Managing Director, Prime Sources Limited, Sir Francis Anyakwo; Presidential candidate of Labour Party, Mr. Peter Obi; Archbishop of Onitsha, Fr. Valerian Okeke; and newly invested Papal Knights, Prof. Pat Utomi, during the investiture of Utomi and Anyakwo into Papal Knighthood of St Gregory granted by Pope Francis in Onitsha…Sunday