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Newspaper Headlines: N’assembly budgets fresh N30bn for renovation

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
January 8, 2024 7:00 am

Reports on the presidential directive of a probe into the activities of the federal ministry of humanitarian affairs over the N585 million scandal, dominate the cover pages of Nigerian newspapers.

The Punch reports that President Bola Tinubu has directed a comprehensive inquiry into the alleged N585m scandal in the federal ministry of humanitarian affairs and poverty alleviation. The newspaper says the Central Bank of Nigeria (CBN) has paid $2 billion to clear a part of its backlog of matured foreign exchange obligations to the deposit money banks.

 

The Guardian says the federal government is in a fiscal dilemma over high inflation rate, low revenue and foreign exchange crisis. The newspaper reports that Kikelomo Adegoke, the accountant-general of Oyo, has faulted the claim made by Seyi Makinde, governor of the state, that the state lacked the capacity to pay the N3.4 billion debt owed former council chairmen and councillors sacked on assuming office on May 29, 2019.

 

Daily Trust reports that the N57.8 billion worth of food palliatives approved for members of the national assembly by President Bola Tinubu for distribution to their constituents is raising dust.

 

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THISDAY reports that Pat Utomi, a professor of political economy, said the focus of former Vice-President Atiku Abubakar, Peter Obi, presidential candidate of the Labour Party in the last election, and Rabiu Kwankwaso of the New Nigeria Peoples Party (NNPP), is not to contest the 2027 election but how to build a formidable political party that would rescue Nigeria from the grips of the All Progressives Congress (APC).

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