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Nigeria At The Risk Of Economic Recession In 2020 –Governor Yari

Published

6 years ago

April 30, 2019

Nigeria At The Risk Of Economic Recession In 2020 –Governor Yari

Chairman of the Nigeria Governors’ Forum (NGF) Abdulaziz Yari has said Nigeria risked another round of recession between 2020/2021.

To this end, he said the newly elected governors should brace up for the challenges to be posed by such development.

Yari, who is also the Zamfara state governor, said this Monday at the opening ceremony of induction of new and returning governors, organized by the NGF Secretariat in Abuja.

He said due to the drop in the price of crude oil from 114 to 75 dollar per barrel in the mid of 2014, it became very difficult for many states to even pay salaries.

“This scenario is a wake-up call for all of you to come amply prepared to face these kinds of challenges, especially since we are expecting the possibility of another cycle of recession by the mid-2020.

“This may last up to the third quarter of 2021. Your good spirit of stewardship will make you contain the situation should there be one.

“Also, as members of the National Economic Council, you must work hand in hand to boost the economy in tandem with the global best practices,’’ the governor said.

He commended President Muhammadu Buhari for his numerous interventions that saved the states from debilitating economic challenges, as well as the exit of the nation’s economy from recession.

He said at a point, 27 states were experiencing difficulty in settling their workers’ monthly salaries, development of infrastructure and effective service delivery.

“Mr. President’s intervention through bailouts from the capital market through the Central Bank of Nigeria, infrastructure development funds, anchor borrowers’ programme, budget support, London and Paris Clubs refunds have significantly saved the situation,’’ he said.

Yari, however, said states needed to work harder to boost their Internally Generated Revenue (IGR) and enable them execute more projects and reduce over-dependence on the federation account.

He also advised governors to look inward by boosting their revenue generation and also utilise the accruing revenue to execute projects that would touch the lives of the ordinary people.

“You must not forget the high expectations of our people on us; now that the democracy is maturing day in day out, the challenges of governance and service delivery are more demanding.’’

The NGF chairman lauded the current administration’s focus on agriculture, including anchor borrowers’ programme through which about N200 billion had been expended.

But the sum, the governor said, was inadequate if Nigeria must satisfactorily tackle the issue of insecurity in the country.

He said Nigeria needed to go to the next level by slamming high import tariff on other agricultural products, particularly maize and wheat in order to boost their production and provide raw materials for local industries.

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NSF: Oparaoji, Ekpeyong, Quadri Gear Up for Tough Quarterfinal Clashes in Abeokuta

Published

2 weeks ago

May 23, 2025

The Gleamer

Joel Ajayi

The tennis courts at the ongoing National Sports Festival in Abeokuta are buzzing with intensity as the competition hits the quarterfinal stage in both the men’s and women’s singles events, following a gripping round of 16.

Men’s Singles Quarterfinals:

Abubakar Yusuf of FCT will square off against Rivers State’s Abua Canice. Yusuf booked his spot with a 4-0, 4-2 win over Ehigiamusoe Endurance of Edo, while Canice cruised past Azi David 4-1, 4-0.

Bayelsa’s Uche Oparaoji faces Adeleye Daniel of Ekiti in a clash of skill and strategy. Oparaoji outclassed Urenyang Nuhu of Taraba 4-1, 4-2, just as Adeleye powered past Kaduna’s Ibrahim Sulaiman with the same scoreline.

In one of the most anticipated ties, Danjuma Lucky (FCT) will lock horns with Bayelsa’s top seed David Ekpeyong. Danjuma came through a thrilling contest against Ekiti’s Abamu Matthew, rallying to win 1-4, 4-2, 10-5, while Ekpeyong dominated Taraba’s Rubi Toba 4-0, 4-2.

Home favourite Christopher Bulus of Ogun will battle Edo’s Michael Chima for a semifinal ticket. Bulus swept past Rivers’ Timibra Godsgift 4-1, 4-0, while Chima triumphed over Delta’s Iloputa Ikechukwu in a straight-set win.

Women’s Singles Quarterfinals:

Delta’s Barakat Quadri, fresh off a 4-1, 4-0 win over Rebecca Ekpeyong of Bayelsa, will face rising star Emmanuel Bright of the IJA (Invited Junior Athletes), who overcame Rivers’ Maxwell Timipre 4-2, 5-3.

Edo’s Omotayo Blessing will battle Akwa Ibom’s Udoffa Mary in what promises to be a fiery encounter. Omotayo brushed aside Ekiti’s Adeusi Jesutoyosi 4-0, 4-1, while Udoffa outplayed Moses Favour of Kaduna 5-3, 4-0.

Elsewhere, Ogunjobi Success of Ekiti will test her mettle against Aina Goodnews of IJA, and Akwa Ibom’s Etoro Bassey faces Ogun’s Yakubu Ohunene in a South-South vs South-West showdown.

With the quarterfinals locked in, tennis fans are in for a thrilling ride as the battle for medals intensifies under the Abeokuta sun.

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