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Newspaper Headlines: Oil-producing states borrow N1.3trn in 7 years despite N6.4trn federal allocation

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
December 2, 2022 7:57 am

The comment of President Muhammadu Buhari that state governors are misappropriating funds meant for local government areas.

The Punch says the total debts of 10 oil-producing states rose from N2.04 trillion in December 2015 to N3.35 trillion as of June 2022, despite receiving the sum of N6.4 trillion in federal allocation and 13 percent derivation fund in seven years. The newspaper reports that Attahiru Jega, a former chairman of the Independent National Electoral Commission (INEC), has accused politicians of being responsible for attacks on INEC facilities.
The Nation says the federal government disclosed that it supported states with N5.03 trillion support in seven years. The newspaper reports that a high court sitting in Minna, Niger state, has issued a warrant of arrest for Faruk Yahaya, chief of army staff (COAS), for contempt.
Daily Trust says the federal government has announced that services along the Abuja–Kaduna rail corridor would resume on Monday, December 5, 2022. The newspaper reports that the Ogun state chapter of the Labour Party (LP) has expelled Doyin Okupe, director-general of the party’s presidential council and 10 others over non-financial membership status, high-handedness and financial recklessness.
Nigerian Tribune says Buhari has criticised governors over what he described as theft of local government funds. The newspaper reports that the Nigerian National Petroleum Company (NNPC) Limited said it has two billion litres of petrol in stock.
The Guardian says Bassey Akpan, the governorship candidate of the Young Progressives Party in Akwa Ibom state, has been sentenced to 42 years in prison for corruption. The newspaper reports that persons with disabilities (PWDs) have asked INEC to ensure that polling booths and election materials are accessible to them in the 2023 elections.

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