Nigerian newspapers review: How €2.3bn FG’s electricity project failed
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In today’s Nigerian newspapers review programme, Today in the News, Vanguard’s lead headline states that even with the injection of €2.3billion (N3.7 trillion at current exchange rate) to the Presidential Power Initiative, PPI, the flagship electricity project has completely collapsed.
Another headline features the release of the 2026 Electoral Act and a revised timetable for the 2027 general elections which has placed political parties under pressure to meet strict deadlines set by the Independent National Electoral Commission, INEC.
Vanguard also reports Thats Iran named Mojtaba Khamenei as the country’s new Supreme Leader following the killing of his father, Ali Khamenei.
Moving to the next paper, The Guardian leads with the Central Bank of Nigeria (CBN) giving banks a matching order on de-risking of insider lending, with tight regulations on provisioning, indemnity, guarantee and fresh approval underway.
Next paper, The Punch leads with the Federal Government, through the Nigerian National Petroleum Company Limited, beginning moves to secure crude oil supply for the Dangote Petroleum Refinery through third-party international traders, in a bid to sustain domestic refining operations.
Lastly, The Nation’s top headline states that the Court of Appeal of Nigeria is set to rule Monday on the leadership tussle in the embattled Peoples Democratic Party (PDP).
The post Nigerian newspapers review: How €2.3bn FG’s electricity project failed appeared first on Vanguard News.
