IMF Allays Fears, Says Nigeria’s Public Debt Not High Risk Hails CBN’s tight monetary policy stance Advises govts to intensify domestic revenue mobilisation Prescribes targeted social interventions FG announces historic 6,003MW peak power generation Reiterates need for cost-reflective electricity tariffs Obinna Chima in Lagos and Ndubuisi Francis, Emmanuel Addeh in Abuja
International Monetary Fund (IMF) allayed fears that the country was on the verge of sliding into a debt trap, saying Nigeria’s debt level is
“moderate and not high risk”. IMF’s First Deputy Managing Director, Gita Gopinath, said this during an exclusive interview with THISDAY
in Lagos. During a meeting with Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,
in his office in Abuja, Gopinath acknowledged the economic challenges currently facing Nigeria. He underscored the need for the federal
government to embrace targeted social interventions. Continued on page 32
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Tinubu Greets Obasanjo at 88
Deji Elumoye, Chuks Okocha in Abuja, James Sowole in Abeokuta, Seriki Adinoyi in Jos and Laleye Dipo in Minna
L-R: Director at Wylie Agency, Sarah Chalfant; 2023 general election Labour Party (LP) Presidential Candidate, Peter Obi; Award-winning and best-selling Author, Chimamanda Ngozi Adichie; and Author, broadcaster, and moderator of the Conversation with Chimamanda, Elizabeth Day, at the unveiling of Adichie’s latest novel, Dream Count, held at the Royal Festival Hall, Southbank Centre in London, United Kingdom… recently
President Bola Tinubu, yesterday, said the policies and reforms of former President Olusegun Obasanjo’s era, both as military and civilian leader, impacted the lives of Nigerians Continued on page 32
Akpabio Restates Regard for Women, Strongly Denies Sexually Harassing Senator Natasha Senate panel throws out Akpoti-Uduaghan’s petition, submits report today
GRADUATE MANAGEMENT ACCELERATED PROGRAMME...
Story on page 32
L-R: Group Chairman of United Bank for Africa (UBA), Mr. Tony O. Elumelu; CEO of UBA Africa, Mrs. Abiola Bawuah; and GMD/CEO of UBA Group, Mr. Oliver Alawuba, flanked by graduates of the Bank’s Graduate Management Accelerated Programme (GMAP) Class of 2025 at the graduation ceremony held for over one thousand trainees from across Africa in Lagos, yesterday