president Buhari sick absent at fec meeting again 

President Muhammadu Buhari was absent again today at the weekly Federal Executive Council meeting in Abuja.

The meeting is being presided over by Vice President Yemi Osinbajo.

The cabinet had awaited the president’s arrival until the State House Chief of Protocols suddenly stepped in at 11.00am and whispered to Osinbajo.

A security officer had also stood anxiously behind the president’s official seat in expectation of Buhari’s attendance.

The Council Chambers of the Presidential Villa are scanty as only about 20 ministers were seated as of the time journalists were leaving.

Osinbajo kick-started the meeting with a call for the recitation of the national anthem as well as prayers by the Ministers of Education and Health, Adamu Adamu and Isaac Adewole respectively.

Immediately the meeting commenced, ministers were sighted curiously whispering.

A fortnight ago, Buhari was also absent at the weekly council meeting.

The meeting did not hold last week with the Presidency citing the Easter break.

The acting Secretary to the Government of the Federation, Dr Habibat Lawan, is in attendance.

Lawan became acting SGF last Wednesday following the suspension of Babachir David Lawal who is being investigated for alleged mismanagement of funds meant for the development of the northeast.

Daily Trust

Nigeria’s Economy to Grow by 2.6% in 2017 – World Bank

The World Bank has stipulated in its Economic Growth Analysis, termed Africa’s Pulse, that Nigeria “showing signs of quick recovery” and it projected the country’s growth rate at 2.6 percent in 2017.

According to the growth analysis report,

“Nigeria, South Africa, and Angola, the continent’s largest economies, are seeing a rebound from the sharp slowdown in 2016, but the recovery has been slow due to insufficient adjustment to low commodity prices and policy uncertainty.”

“Furthermore, several oil exporters in the Central African Economic and Monetary Community are facing economic difficulties.”

On the contrary, the IMF has insisted that Nigeria’s economic recovery would only be feasible, if it further carried out more reforms, including devaluation of its currency, the naira, with government selling off its interest in key national assets of which NLNG tops the list.

The World Bank has however further asserted that the recovery remained weak, with growth expected to rise only slightly above population growth, noting that more efforts should be made to boost employment and reduce poverty.