5.01% 2nd Quarter GDP Growth Excites Nigerians Buhari lauds economic managers Rewane, others say economy not out of the woods Deji Elumoye, Kingsley (GDP) report released by the Nigerians. was the highest quarterly to the President on Economic after the devastating effects Nwezeh, James Emejo in National Bureau of Statistics This indicated a silver growth since 2014. Matter, Dr. Adeyemi of the COVID-19. Abuja; Nume Ekeghe and Ugo (NBS) yesterday that showed a lining that the country may Owing to this, President Dipeolu, attributed the But analysts which included Aliogo in Lagos 5.01 per cent jump in growth, be returning to real growth Muhammadu Buhari has GDP performance to some the Managing Director of the compared with the 0.51 per after adjusting to inflation and expressed excitement over interventions put together Financial Derivatives Company The second quarter (Q2) cent recorded in Q1 2021, population growth. the development. by the federal government 2020 Gross Domestic Product triggered excitement among The GDP growth recorded Also, the Special Adviser to reposition the economy Continued on page 8 CAN: Nigeria's Security Architecture is Compromised... Page 5 Friday 27 August, 2021 Vol 26. No 9636. Price: N250 www.thisdaylive.com T R U N T H & R E ASO Buhari Elated as NNPC Breaks Jinx, Declares N287bn Profit, First in 44 Years Directs timely publication of corporation’s audited accounts Explains how feat was achieved Kyari: Before PIA, Nigeria’s oil industry was in bad state Cuts timeframe to recoup investment in Dangote Refinery from five to three years Deji Elumoye and Emmanuel history. Buhari stressed that Addeh in Abuja NNPC's losses were reduced from N803 billion in 2018 to President Muhammadu N1.7 billion in 2019. Buhari yesterday hailed the This is just as the corporation Nigerian National Petroleum yesterday attributed the historic Corporation (NNPC) for profit it recorded in its 2020 declaring a Profit after Tax Audited Financial Statement (PAT) of N287 billion for the Continued on page 8 year 2020, the first in its 44-year Plateau Violence: Doctors Suspend Strike Due to Overwhelming Emergencies Hospitals in dire need of blood, says Red Cross Situation is engulfing, NMA claims Seriki Adinoyi in Jos to suspend the ongoing nationwide strike action Worried by the increasing “on compassionate ground” medical emergencies to enable them attend to the orchestrated by the recent rising emergencies arising from violence in Jos and other the violence. parts of Plateau State, the However, giving a more A SOURVENIR FOR THE GENERAL... National Association of vivid picture of the situation Resident Doctors (NARD), Jos on ground was Red Cross, Kwara State Governor, AbdulRahman AbdulRazaq (R), presenting a sourvenir to the Chief of Army Staff (COAS), Major University Teaching Hospital General Faruk Yahaya, during a courtesy visit by the COAS to the Government House in Ilorin, yesterday. The army chief branch, has recalled members Continued on page 10 commended the Governor for his proactive steps and support for the security agencies. Finally, Bandits Release Tegina Islamiyya School Pupils... Page 42 2 FRIDAY AUGUST 27, 2021 •THISDAY FRIDAY AUGUST 27, 2021 • THISDAY 3 4 FRIDAY AUGUST 27, 2021 •THISDAY FRIDAY, ͺͿ˜ͺ͸ͺ͹˾THISDAY 5 Group News Editor: Goddy Egene NEWS Email: [email protected], 08033506821, 08097777322 THIRD QUARTER NIREC MEETING IN ABUJA... L-R: Chairman, Nigeria Governors' Forum (NGF) and Ekiti State Governor, Dr. Kayode Fayemi; Sultan of Sokoto and Co-chairman Nigerian Inter-Religious Council (NIREC), Alhaji Muhammed Sa’ad Abubakar; Secretary to the Government of the Federation, Mr. Boss Musterpha; President Christian Association of Nigeria (CAN), Rev. Samson Olasunpo Ayokunle and Emir of Kano Alhaji Aminu Ado Bayero; during the 2021 third quarter council meeting of NIREC in Abuja...yesterday Again, NNPC Set to Deduct N215bn from September FAAC Raises contribution to joint account in July by N20bn Emmanuel Addeh in Abuja per cent decrease relative to while domestic gas receipts in was applied on the gross deductible from the August the full return of what the the 11.58 million barrels lifted the month was N6.8 billion. domestic receipts before 2021 proceeds due for sharing government terms under- The Nigerian National the previous month. In addition Nigeria NLG arriving at the net receipt at the September, 2021 FAAC recovery in February this Petroleum Corporation In the same vein, the (NLNG) feedstock was valued of N67.28 billion in order to meeting,” the NNPC stated. year. (NNPC) is once more set to NNPC presentation to the at $54.09 million during make funds available for JV Last month, the In June, the NNPC told deduct about N215.3 billion joint committee showed that the period out of which cost recovery to sustain the corporation continued its the nation that Nigeria was from its contribution to next Nigeria maintained 1.554 $44 million was received existing production level. regime of deductions from losing about 42 million litres month’s joint Federation million bpd Organisation during the month, the “The balance of the federation account of petrol to the activities Account. of Petroleum Exporting difference being Modified N40.000.000.000.00 will be withholding N117.4 billion of smugglers across the The aforementioned amount Countries (OPEC) production Carry Agreement (MCA) deducted in subsequent from the three tiers of country’s borders, increasing is a combination of N175 cut during the month. obligations, gas reconciliation months. The July, government. Nigeria’s estimated daily billion value shortfall or Crude oil export revenue and credit notes. 2021 value shortfall of At the time, the total consumption of 60 million subsidy and N40 billion Joint received in July 2021 “Out of the value shortfall N175.317.701.294.80 and subsidy retention on petrol litres to 103 million litres, Venture (JV) cost recovery. amounted to $12.95 million, of N143, 286,281.752.62, the outstanding balance of since this year had hit a total thereby worsening the In a document obtained equivalent to N4.97 billion, sum of N103.286.281, 752.62 N40,000.000,000.00 will be of N608.808 billion since subsidy payment regime. by THISDAY yesterday detailing the national oil company’s presentation to the Federation Account CAN: Nigeria's Security Architecture is Compromised Allocation Committee (FAAC) meeting which held between 18th and 19th of August, the Sultan, Fayemi, others seek national dialogue on peace, unity data showed that NNPC paid N67.280 billion to the joint FG pledges collaboration with religious, traditional rulers account in July, in contrast to Onyebuchi Ezigbo in Abuja religious and traditional leaders thousands of our members "It's important we sit nation to the government. the N47.162 billion in June. to promote peace and unity were killed including the late together and discuss the issues "In fact, Mr. president is very The July payment was about The Christian Association in the country. CAN Chairman in Michika that concern this nation. Most concerned about the level of N20 billion higher than that of Nigeria (CAN) has again CAN, in an address delivered Local Government of Adamawa times, we meet at NIREC, insecurity in the country and of June. lamented the deteriorating by its Assistant General State. discuss issues and arrive at the the high cost of living. Furthermore, in January, security situation in the Secretary and chairman of "Today, Leah Sharibu is a face conclusion. Unfortunately, He is, however, working on net revenue to FAAC was country, saying her security the planning committee of the of the persecuted Christians in people would go about and be how to resolve these issues N90.8 billion; N64.161 billion architecture has been 45th anniversary celebration, the country. Her only offence doing otherwise, particularly in the shortest possible time." in February and N41.184 compromised. Mr. Biodun Sanyaolu, accused was her refusal to disown her preaching hate and violence. "The President will continue billion in March. Also, it However, as part of activities the federal government of faith. She was forced to join "We must be truthful to one to give all necessary support was zero in April; N38.608 marking its 45th anniversary mishandling the insecurity about 120 abducted Chibok another. What is so difficult to religious and traditional billion in May; N47.162 billion celebration, CAN enjoined all situation in the country by schoolgirls, whose lives are in the President organising leaders to promote peace in June and N67.280 billion Christians and non-Christians refusing to deal decisively being wasted in the den of a dialogue that would have and unity in the country. in July. to observe a day of fasting and with the Boko Haram terrorists, the terrorists," he said. in attendance impressive I can assure you that the Year-to-date, the document prayers nationwide against the militant herdsmen and bandits The Sultan, who spoke at the participation of the traditional President is doing everything showed that the NNPC has menace of insecurity, economic He said: "It is reprehensible third quarterly meeting of the rulers, opinion leaders, market possible to bequeath a safe only been able to make a predicaments and erosion of that the security architecture Nigeria Inter-Religious Council leaders, elder statesmen and prosperous nation to the contribution of N349.254 moral values. of the country has been (NIREC) on Thursday in Abuja, and every person that has next one. billion to the three tiers of This is as the Sultan of compromised. Terrorists are warned that if urgent steps something to contribute? "The President is very government with a huge Sokoto, Sa'ad Abubakar III, has operating with impunity were not taken to reverse the "We should look ourselves concerned about the level deficit of N1.115 trillion.