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Newspaper Headlines: Public debt, budget deficit hinder Nigeria’s fiscal sustainability, says CBN

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
August 16, 2022 8:03 am

The rise in the country’s inflation rate to 19.6 percent dominated the cover pages of Nigerian newspapers.

The Punch says stakeholders have warned the federal government that the rising inflation would worsen hunger and spark mass protests. The newspaper reports that Afenifere has asked President Muhammadu Buhari to stop terrorists and other criminals from killing innocent Nigerians.
The Nation says Iyorchia Ayu, national chairman of the Peoples Democratic Party (PDP) said he has no plan to quit his position. The newspaper reports that the Academic Staff Union of Universities has said the federal government is not sincere about ending the ongoing strike.
Daily Trust says energy and food prices pushed the country’s inflation to 19.64 percent — the highest rate in 17 years. The newspaper reports that jubilation and protest trailed the victory of William Ruto in Kenya’s presidential election.
The Guardian says a group in the Catholic church has rejected the apology tendered by Simon Lalong, governor of Plateau state, over the reference of the Pope in the Muslim-Muslim presidential ticket debate. The newspaper reports that a Coalition of Fulbe Professionals in Africa has distanced itself from the comment made by Miyetti Allah Kautal Hore group against the candidacy of Peter Obi, presidential candidate of Labour Party (LP).
THISDAY reports that the Central Bank of Nigeria (CBN) said budget deficit and public debt have affected the country’s fiscal sustainability. The federal government has levelled fresh claims of fraud against Process and Industrial Developments (P&ID) ahead of the trial next year, the newspaper says.

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