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Newspaper Headlines: Manufacturers borrowed N1.03trn from banks in one year

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
April 26, 2022 5:00 am

Reports on the rumoured presidential ambition of former President Goodluck Jonathan dominated the cover pages of Nigerian newspapers.

The Punch reports that ministers with political ambitions risk disqualification over failure to comply with section 84 (12) of the Electoral Act of 2022. The newspaper says manufacturers have borrowed N1.03 trillion from banks between January 2021 and January 2022.
The Nation reports that some former governors in the Peoples Democratic Party (PDP) have denounced the consensus candidacy being promoted by four presidential hopefuls of the party. Elon Musk, the billionaire founder of Tesla Inc., has agreed to buy the American microblogging platform, Twitter for $44 billion, the newspaper says.
Daily Independent says Vice-President Yemi Osinbajo said it will be a betrayal of Nigerians if he does not contest for the 2023 presidential election. The newspaper reports that the PDP northern stakeholders have rejected the consensus candidacy of Bukola Saraki, former senate president, and Bala Mohammed, governor of Bauchi.
Daily Trust reports that air fares have skyrocketed ahead of the Sallah celebrations. The newspaper says Afenifere has accused northern bigwigs of dividing the south in a bid to retain power.
Daily Sun reports that Jonathan has stepped up consultation on a move to join the All Progressives Congress (APC). The newspaper says dollar scarcity hits Nigerian banks.

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