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Presidency reacts to NBS latest GDP figure

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The Buhari presidency has reacted to Nigeria’s Gross Domestic Product (GDP) for the fourth quarter of 2018.

According to the National Bureau of Statistics (NBS) the GDP figure for the last quarter in 2018 is 2.38 per cent, reflecting continuous growth.

A statement on Tuesday by Special Adviser to the President on Economic Matters Dr. Adeyemi Dipeolu, said the lasted data showed appreciable improvement in the growth performance of the economy.

He said: The figures are encouraging in several respects. Notably, the growth recorded in the fourth quarter of 2018 (Q4 2018) was higher than both the growth of 1.81% in Q3 2018 and in the corresponding fourth quarter of 2017. Indeed, quarter-on-quarter growth from Q3 2018 to Q4 2018 was 5.31%, which signals a great potential for a higher annual growth rate.

“In annual terms, the growth rate more than doubled in 2018, rising to 1.93% as compared to 0.82% in 2017, again reflecting the strong momentum of growth.

“Also notable is the fact that growth in Q4 2018, and indeed for the whole year, owed a great deal to the performance of the non-oil sector. The non-oil sector grew at 2.7% in Q4 2018 as compared to 1.14% in the oil sector.

“The non-oil sector also grew by 2% in the whole year 2018 which was considerably better than its growth in the whole of 2017, which was 0.47%. The share of the non-oil sector in GDP was 92.94% while the oil sector contributed 7.06%.

“With the maintenance of this trend, the economic diversification objectives of the Economic Recovery and Growth Plan are well on their way to being met.

“It was encouraging that agriculture which accounts for 26.15% of total GDP grew by 2.46% in Q4 2018, while manufacturing grew by 2.09%. The service sector which accounts for 53.62% of GDP registered its strongest growth performance in 11 quarters.

“Transport and storage, as well and information and communication, were particularly notable growing at 13.91% and 9.65% in the whole of 2018. This owes a lot to the investments that are being made in roads and rail as well as in broadband infrastructure.

“The NBS figures also show that 39 out of 46 economic activities recorded growth in Q4 2018 which shows that growth across sectors is becoming more mutually reinforcing.

“This growth is consistent with the policies and principles of the Economic Recovery and Growth Plan (ERGP) relating to macroeconomic stability and economic diversification.

“When better economic fundamentals like lower inflation rates, increased foreign reserves, a more stable exchange rate and increased capital inflows are taken together with increased investments in the real sector, infrastructure, the social sector and business environment; it portends well for economic performance in 2019 and beyond.

“Indeed, the economy remains well on course to grow by 3% in 2019 as estimated in the Medium-Term Expenditure Framework.”

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Ondo Communal Clash: Death Toll Rises To Four

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Gbenga Akinpelumi, one of the locals that were attacked during a communal clash in Araromi Obu in Odigbo Local Government Area of Ondo State is dead, SaharaReporters can confirm.

A relative of Akinpelumi, who does not want his name published, disclosed the sad news to SaharaReporters on Friday.

He said Akinpelumi sustained injuries from the gunshots which penetrated his abdomen.

“Akinpelumi could not survive the surgeries carried out on him by the doctors. Sadly, we lost him at exactly 12: 48 midnight on Thursday,” the relative said on the phone.

Akinpelumi, a farmer, was among those injured and rushed to the Trauma and Surgical Centre, Ondo shortly after the clash between the locals.

The clash occurred between the people of Araromi Obu living in Ago Alaye town and the Ikale community in Okitipupa Local Government Area of the State.

Both southern communities in Ondo State were fighting over a “land” as no fewer than eight persons were injured while properties worth millions of naira were destroyed during the attacks.




With the sad development, the death toll in the community has risen to four while the remaining injured are still receiving various treatments in the hospital.

Meanwhile, it was gathered on Friday that the residents of Ago Alaye town in Odigbo Local Government Area of the state have now deserted the community over the fear of another attack.

This development led to the declaration of a 24-hour curfew on the town by Governor Rotimi Akeredolu with a charge on security agencies to beef up security in the nook and cranny of the community.

The governor has also embarked on an on-the-spot assessment of the communities with a warning that any person found culpable in the violence would be made to face the wrath of the law.

He said, “Our administration will not condone any form of criminalities in the state.”

The governor was accompanied by the Commissioner of Police, Mr Undie Adie, the Brigade Commander of the 32 Artillery Brigade, Brig. Gen. Zakari Abubakar, and other security chiefs.

When he visited the palace of the Ajobu of Araromi Obu, Oba Aderemi Adelola, the governor assured him of maximum security of lives and property of the people of the town.

He said, “Our government is ready to take action on Ago Alaye community if the violence persists.”

Akeredolu, who said security forces were on the ground to maintain peace and order, commended the monarch for maintaining peace in the community by appealing to the people against a reprisal.

“I have heard that you called your subjects that there should not be any reprisal. You have maintained peace within Araromi community. We thank you for that. We will not allow miscreant to disturb the peace in this community.”

At the palace of Abodi of Ikaleland, Oba George Faduyile, the governor pleaded with the traditional rulers in Ikaleland to caution their subjects.

Akeredolu added that the state government would set up a committee to look into the cause of conflict.

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Transfer: Guardiola reveals player he would love to sign for Man City

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Manchester City manager, Pep Guardiola, has said he would like to sign a centre-back, ahead of the 2019/2020 season.

The Premier League champions have failed to replace Vincent Kompany, after the Belgian decided to quit the Etihad after 10 years, to become player-manager at Anderlecht.

City are refusing to meet Leicester’s £90million valuation of Harry Maguire, while reports of a possible move for Benfica’s Ruben Dias has been dismissed by club officials.

That means City could go into the new season with John Stones, Aymeric Laporte, Nicolas Otamendi and youngsters Eric Garcia and Taylor Harwood Bellis.

“We are so happy with the squad we have.

“I don’t know if the players here will stay or new players will come, but since I came here I have been delighted with the players we have.

“Maybe we (will replace Kompany), but we have three incredible central defenders.

“And Fernandinho can play in that position, also. We will see,” Guardiola told reporters on their pre-season tour.

City have so far spent a club-record £63million on Spanish midfielder Rodri and £6million to bring back full-back Angelino from PSV Eindhoven.

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United States Of Biafra: Asari Dokubo Urges Niger Deltans To Join South-east, Slams Northerners

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Asari Dokubo, founder of the Niger Delta People’s Volunteer Force has declared his support for the actualization of Biafra while calling on Niger Delta people to return home following threats from Arewa youths.

His declaration came on the heels of northerners asking herdsmen to leave the South and the suspended implementation of Ruga settlements in parts of Nigeria.

Dokubo made his position known in a meeting with leaders of Niger Delta states.

He said: “We, the people of the Niger Delta today, resolved to be part and parcel of the actualization the United States of Biafra.

“What has brought us here today is the dark cloud that is gathering. In 1967, we did not ask for war, war was imposed on us and millions of our people were killed. Our properties were destroyed and so many people until today are carrying the scars of that imposed war.

“Our people have not gone to Kano, Kebbi, Sokoto, Borno to ask that land be forcefully given to us or that our resources should be used to give us properties in the north.

“But northern organizations and northern individuals have come up to say we must surrender our land to them to create colonies on our land. Are you going to allow that?

“We will not surrender one grain of sand of our sacred land to anybody. We will stand on our land and wait for you to come and carry out your threat and inshallah by the grace of God we will defeat you.

“We have heard that you have called your people to come back home. They should all go, we will assist them to leave (because) this is what we have been looking for all along.

“We call on our people, Igbo, Ibibio, Ikwerre, Ijaw return back home. If anything happens to you and this coward spines on you, you would have yourself to blame. We would not continue to risk our integrity and our pride because of you, return home now.

“We extend a hand of fellowship to our brothers in the middle belt who are suffering the same pain and deprivation as we do. We are with you in your hours of grief and pain and we will stand with you to the end.

“To our Yoruba brothers in Afenifere, and the leader of Afenifere whose daughter has been gruesomely murdered by this Gambari invaders. We condole with you but this is the price we have to pay to wake up.”

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