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Newspaper Headlines: Experts counter Osinbajo on devaluation of naira

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
October 12, 2021 8:07 am

Reactions to the comment of Vice-President Yemi Osinbajo that the Central Bank of Nigeria (CBN) should allow the naira to reflect the realities of the market appeared on the cover pages of Nigerian newspapers.

The Nation reports that President Muhammadu Buhari has listed the achievements of his administration in the second term in office. The newspaper says Vice-President Yemi Osinbajo said the naira exchange rate should reflect market realities.
The Punch reports that states are lamenting over the administration of the fuel subsidy regime by the Nigerian National Petroleum Corporation (NNPC). The newspaper says the sit-at-home order issued by the Indigenous People of Biafra (IPOB) grounded activities in many parts of the south-east.
Daily Independent reports that there are safety concerns in the aviation industry over the resignation of skilled personnel in the sector. Peter Obi, former governor of Anambra, said the federal government should have borrowed to grow the economy not to exit recession, the newspaper says.
The Guardian reports that the federal government is facing a tough choice over naira devaluation. The newspaper says zoning of the national executive offices of the Peoples Democratic Party (PDP) is threatening the party’s national convention.
Daily Trust says ministers’ sack looms as Buhari supervised appraisal of ministers during the ongoing ministerial retreat. The newspaper reports that experts countered Osinbajo that naira devaluation will worsen poverty and unemployment.

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