N’Assembly Faults FG’s Appetite For Foreign Loans Despite Surpassing Revenue Targets NNPCL, FIRS, customs, others surpass revenue targets Edun saysTinubu stopped sudden wealth by floating naira, subsidy removal
Sunday Aborisade in Abuja
Members of the joint National
Assembly Committees on Finance, yesterday, faulted the decision by the President Bola Tinubu-led federal
government to borrow foreign loans despite the fact that the various revenue generating agencies had
surpassed their targets in the 2024 fiscal year. Members of the Senator Sani
Musa and Abiodun Faleke-led joint committees expressed their disavowal while scrutinising the 2025-2027
Medium Term Expenditure and Continued on page 5
Recapitalisation: Banks Have Raised N1.7tn from Capital Market, SEC Reveals...
Page 6
Tuesday, November 26, 2024 Vol 29. No 10824. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Shettima Canvasses Techdriven Strategy to Combat Terrorism, Border Security Deji Elumoye in Abuja
L-R: Canadian Immigration & Investment Lawyer, Mr Johnson Babalola; former Nigerian Ambassador to Pakistan, Amb Mohammed Bello Abioye; the Celebrant, former United Nations UnderSecretary General & ex-Minister of Foreign Affairs of Nigeria, Professor Ibrahim Gambari; former Nigerian Ambassador to Thailand, Amb Oma Djebah; and the British High Commissioner to Nigeria, Amb Richard Montgomery…at a reception hosted by Savannah Centre for Diplomacy, Democracy & Development (SCDDD) in honour of Gambari in Abuja at the weekend
Vice President Kashim Shettima has directed the adoption of technologydriven strategies to combat terrorism, cybercrime, and border security Continued on page 5
Tinubu Ecstatic as 94.43% Non-oil Contribution Grows GDP By 3.46% in Q3 Nigerians should expect better economic output days ahead, president declares Assures of rebasing nation's economy by early 2025 ahead of the $1trn economy by 2030 Oil sector accounted for 5.57%, production improves to 1.47 mbpd in Q3
Deji Elumoye, Ndubuisi Francis and James Emejo in Abuja
President Bola Tinubu has expressed excitement over the third quarter (Q3) Gross Domestic Product (GDP) report released yesterday by the National Bureau of Statistics (NBS), assuring Nigerians of better economic output as the economy continues to expand. According to the NBS, Nigeria's GDP grew by 3.46 percent, compared to the 3.19 percent growth recorded in the second quarter. The top contributing sectors to GDP in Q3 2024 were Agriculture (28.65 percent), ICT (16.35 percent), Trade (14.78 percent), Manufacturing (8.21 percent), Crude Oil (5.57 percent), Finance and insurance (5.51 percent), and Real Estate (5.43 percent). Year-on-year, the economy grew by 0.92 per cent higher than the 2.54 percent recorded in Q3 2023. Continued on page 5
KWARA'S AMBITIOUS FOOTPRINTS IN CREATIVE SECTOR...
L-R: Director-General, National Institute for Hospitality and Tourism, Abisoye Fagade; Nollywood legend, Kanayo O. Kanayo; and Governor Abdulrahman Abdulrazaq (CON), at the 16th Best of Nollywood Awards held at the bespoke Sugar Factory Film Studio Ilorin, Kwara State, on Sunday