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Newspaper Headlines: Inflation hits purchasing power, and CBN asks states to repay $2.1bn loan

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
April 16, 2021 8:38 am

The showdown between the federal government and Godwin Obaseki, governor of Edo state, over his claim that N60 billion was printed for March allocation dominated the headlines of Nigerian newspapers. The death of 10 persons who drank “killer fruit juice” in Kano state also made the headlines.

Daily Independent reports that the national assembly is under pressure to pass the electoral act amendment bill. Nigerians’ purchasing power has dipped as inflation hits 18.7 percent, the newspaper says.
The Punch’s headline focuses on the Kano state incident in which 10 persons died and over 400 hospitalised after drinking “killer fruit juice”. The newspaper says the Lagos state government has launched a 37km rail mass transit, targeting one million commuters daily.
The Nation reports that the Central Bank of Nigeria (CBN) asked states to start repaying $2.1 billion budget support loan. On the rising insecurity in the south-east, the newspaper reports that gunmen posed as mourners to kill three policemen at a checkpoint in Ebonyi state.
Obaseki asked the federal government to stop monetary rascality, in response to the comment of Zainab Ahmed, minister of finance, that he lied N60 billion was printed for March allocation, the Nigerian Tribune reports.
Samuel Ortom, governor of Benue state, said government officials are behind the kidnappings in many parts of the country, Daily Sun reports. Governors have condemned the attacks on security formations in Imo and Benue states.
Daily Trust’s exclusive report says security personnel deployed to man Nigeria’s land borders have not been paid their mandatory allowance for 10 months. A development, the newspaper says will threaten border security operations.

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