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Newspaper Headlines: Power firms owe banks N861bn amid unstable electricity supply

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
May 4, 2022 4:10 am

The comment of Rotimi Akeredolu, governor of Ondo state, that the All Progressives Congress (APC) must zone its 2023 presidential ticket to the south dominated the cover pages.

The Punch reports that Akeredolu has warned that abandoning rotational presidency ahead of the 2023 election will lead to a crisis. The newspaper says power firms have accumulated a debt of N861.14 billion as of December 2021 from commercial banks.
The Nation reports that some officials of the Independent National Electoral Commission (INEC) said they would not work during the 2023 elections if their security is not guaranteed in some states. Nasir el-Rufai, governor of Kaduna, said simultaneous bombing of forests in the northern part of the country can end banditry, the newspaper says.
Daily Independent says former Vice-President Atiku Abubakar is considering picking Peter Obi, former Anambra governor as his running mate, if he wins the presidential primary election of the Peoples Democratic Party (PDP). The newspaper reports that stakeholders have warned the federal government that Nigeria’s food import bill will increase further, if insecurity and inflation are not being addressed.
The Guardian says there is intense jostling for market share in retail banking between telecommunications companies and commercial banks after the approval of mobile money payment services for MTN and Airtel.
Daily Sun reports that presidential aspirants in the south-west are set to meet with leaders of the region on issues regarding the 2023 elections. El-Rufai said the military did not sustain security measures in the northern part of the country, the newspaper says.

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