NIGERIA NEWSPAPERS: TODAY’S THISDAY NEWSPAPER HEADLINES [27 AUGUST, 2018].

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FG Urged to Create Enabling Environment for Businesses to Thrive
Mon, 27 Aug 2018

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A non-executive director on the board of the Central Bank of Nigeria, Prof. Mike Obadan has urged the federal government to create an enabling environment for businesses to thrive.

Obadan said this during his keynote address at the 2018 yearly Lift Above Poverty Organisation (LAPO) development forum and 25th anniversary with the theme, “Towards Sustainable socio-economic transformation of Nigeria: options for non-state intervention,” that took place in Lagos at the weekend.

Obadan, while speaking on the role of private sector in Nigeria’s economic transformation said, “In Nigeria, the current consensus which resonated since the structural adjustment programme of the late 1980s is in favour of the private sector as the engine of growth of the economy, as it is perceived to be in a better position to produce goods and services for local consumption and export, create jobs, develop human resources, satisfy consumers, and assist in effective public policy implementation.

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“The fact has gradually been appreciated that the public and private sectors should necessarily be complements rather than substitutes and adversaries in the pursuit of national development, most especially as each, left on its own, can fail.

“However, while the public sector must generally be seen not to be competing with the private sector, the government cannot abdicate its catalytic, regulatory and developmental role of ensuring economic and social equality and encouraging economic and social development.

“The government would also have to provide the enabling environment and foster private enterprises development.”

Speaking further, he added, “Very importantly, the private sector has a major role to play in ensuring efficiency and effectiveness in the use of budgetary resources, especially by cooperating with the government to eliminate corruption from project and programme implementation.

“It is a well-known fact that corruption in the public sector is substantially facilitated by private sector operators.

“By assisting the government to fight corruption, the private sector would be helping tremendously to prevent its deleterious effects, some of which are hurting investments, stalling economic growth and socio-economic transformation, bleeding the national budget, disproportionately burdening the poor and diverting resources from basic human needs,” he added.

On his part, the Chairman, Board of Directors LAPO, Mr. Osarenren Emokpae, while speaking on initiatives by his organisation said, “LAPO currently implements a number of programmes to address human development challenges such as economic powerlessness; gender inequity; poor health; malnutrition; social exclusion; low self-esteem; ignorance, inhuman and opprobrious traditional practices against women, especially poor women and widows.

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Moody’s: US-ChinaTradeTensionsMay Hurt Global Growth
Mon, 27 Aug 2018
By Obinna Chima TheUnitedStatestrade tensions with Chinaismore likely to deteriorate this year and will dampen global growth in 2019, Moodys Investors Service, one of the loading global rating agencies have statedin its quarterly Global Macroeconomic Outlook update. We expect to see more restrictions on Chinese acquisitions of firms in the US and Europe, and our []The post Moodys: US-ChinaTradeTensionsMay Hurt Global Growth appeared first on THISDAYLIVE.
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Wapic Insurance Launches Road Safety Campaign
Mon, 27 Aug 2018
Wapic Insurance Plc has launched athree- month safe road-use awareness campaign titled’Road Sense.’ The company said the campaign was part of itsdigital transformation plans to raise awareness and engagement for the Wapic brand anditsflagship Motor product (MOOV). It also said the campaign was sequel to the successful ‘Safety-on-Wheels,’ event which the company executed in partnership []The post Wapic Insurance Launches Road Safety Campaign appeared first on THISDAYLIVE.
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Rivers Govt Commend Sterling Bank
Mon, 27 Aug 2018
By Nume Ekeghe Sterling Bank Plc has received commendation from Governor Nyesom Wike of Rivers State for the bank’s commitment to the promotion of sustainable environment practices in the state. The governor also urged other banks and corporate organisations doing business in the state to emulate the bank. A statement quoted Wike, to have made []The post Rivers Govt Commend Sterling Bank appeared first on THISDAYLIVE.
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CIBN Holds Annual Banking Conference
Mon, 27 Aug 2018
The Chartered Institute of Bankers of Nigeria (CIBN) is set to hold the 11th edition of its Annual Banking and Finance Conference next month. The conference with the theme: ‘MSMEs: The Game Changer for Economic Growth and Development,’ is slated to hold between September 11 and 12, 2018, in Abuja. The programme is the flagship []The post CIBN Holds Annual Banking Conference appeared first on THISDAYLIVE.
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Equities Market Rebounds on Bargain Hunting, Gains 0.45%
Mon, 27 Aug 2018
By Goddy Egene The equities market rebounded last week with the Nigerian Stock Exchange (NSE) All-Share Index (NSE ASI) gaining 0.45 per cent after three weeks of decline. Although trading in the week was for only three days due to declaration of Tuesday and Wednesday as public holiday,price appreciation in Dangote Cement Plc lifted the []The post Equities Market Rebounds on Bargain Hunting, Gains 0.45% appeared first on THISDAYLIVE.
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CBN’s Long-term Real Sector Credit Will Strengthen Economy
Mon, 27 Aug 2018
By Emma Okonji The recently introduced guidelines for accessing the Central Bank of Nigeria’s (CBN) real sector support facility will help in strengthening the Nigerian economy. The Acting Director, Corporate Communication, CBN, Mr. Isaac Okorafor, who gave insight to the new guidelines, while speaking on Arise News Television, said it would help in stabilising the []The post ‘CBN’s Long-term Real Sector Credit Will Strengthen Economy’ appeared first on THISDAYLIVE.
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Konga Offers Discounts in Promo
Mon, 27 Aug 2018
As part of efforts to reward its loyal customers, Konga has put on sale thousands of products from its inventory at unprecedented discounts for its Back to School promotion which runsfrom Monday August 27th to Sunday September 9th 2018. The promotion would offer eager shoppers access to the wide range of products online and offline []The post Konga Offers Discounts in Promo appeared first on THISDAYLIVE.
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Dahiru-Umar:We are Intensifying Efforts on States’ Adoption of Contributory Pension Scheme
Mon, 27 Aug 2018
The Contributory Pension Scheme (CPS) which replaced the Defined Benefit System ofpension payment in Nigeria is now 14years in operation. But many Nigerians are yet to fully understand its workings and benefits. In this interview with Ebere Nwoji, the Acting Director General of the National Pension Commission, Mrs Aisha Dahiru-Umar, bares her mind on the []The post Dahiru-Umar:We are Intensifying Efforts on States’ Adoption of Contributory Pension Scheme appeared first on THISDAYLIVE.
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A Drive to Keep NSITF Afloat
Mon, 27 Aug 2018
Stakeholders believe there is an urgent need to resolve the crisis at the Nigeria Social Insurance Trust Fund (NSITF) so that the agency can function properly for the benefit of its target audience, writes Chineme Okafor For a while now, the Nigerian Social Insurance Trust Fund (NSITF) has been caught up in a controversy bothering []The post A Drive to Keep NSITF Afloat appeared first on THISDAYLIVE.
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