Economic growth, South West security outfit dominate Nigerian press

APA-Abuja (Nigeria)

The rise in Nigeria’s economic growth in the fourth quarter of 2019 and the public hearing on the South West security outfit, Amotekun, dominate the headlines of Nigerian newspapers on Tuesday.

This Day reported that Nigeria’s economic growth rate rose to 2.55 percent in the fourth quarter of 2019, its highest quarterly growth since the 2016 recession.

The Nation newspaper said the Southwest geo-political zone on Monday scaled a major hurdle in the establishment of its security network, Amotekun.

The House of Assembly in five states of Oyo, Ondo, Ogun, Osun and Lagos – held public hearings on the proposed security outfit, thereby moving a step forward to firming up a legal framework for the security architecture in the states.

The Daily Trust said that Nigeria’s First Lady Aisha Muhammadu Buhari, has called for synergy among all the security agencies to re-strategize and re-examine the security structure with a view to stem the rising cases of terrorism in Nigeria.

The Punch and many other newspapers reported that the Peoples Democratic Party on Monday asked the Supreme Court to review its judgment, which upheld the victory of the President, Major General Muhammadu Buhari (retd.), in the 2019 presidential election and dismissed the appeal of the PDP candidate, Alhaji Atiku Abubakar.

The Leadership said the minister of Communications and Digital Economy, Dr. Isa Pantami, has inaugurated experts review committee for the National Digital Economy Policy and Strategy (NDEPS).

The Sun said the Nigerian Electricity Regulatory Commission (NERC) has directed the 11 electricity distribution companies (Discos) to stop further collection of electricity bill under the estimated billing system.

The Guardian said that the Nigeria Deposit Insurance Corporation (NDIC) has liquidated about 425 banks, due largely to bad loans in the past 22 years.

The Corporation, in collaboration the Central Bank of Nigeria (CBN), also said it has worked out a system, which allows a debtor’s fund domiciled anywhere outside the bank owed to be withdrawn to service the loan that is not being serviced by the delinquent customer.


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