Newspaper Headlines: FG, governors agree to sell five power plants to fund 2023 budget

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Newspaper Headlines: FG, governors agree to sell five power plants to fund 2023 budget

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December 21, 2022

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The controversy trailing the cash withdrawal limit policy of the Central Bank of Nigeria (CBN) dominated the cover pages of Nigerian newspapers.

The Punch says the house of representatives has insisted that the CBN must not proceed with its cash withdrawal policy. The newspaper reports that the federal government and the 36 state governors have finally agreed to sell five power plants under the National Integrated Power Projects and use the proceeds to fund the 2023 budget.

The Nation reports that Bola Tinubu, presidential candidate of the All Progressives Congress (APC), has unveiled a funding strategy for infrastructure revolution in the south-south geopolitical zone. The newspaper says Doyin Okupe has resigned as the director-general of the Labour Party (LP) presidential campaign council.

THISDAY reports that the CBN and other groups have expressed concern over the plot to arrest Godwin Emefiele, governor of the CBN. The newspaper says President Muhammadu Buhari has disclosed that the auctioning of the 5G spectrum generated $547 million revenue.

The Guardian says the new naira notes are yet to circulate in many parts of the country amid fears that counterfeit notes may flood the market. The newspaper reports that the federal government said it is considering measures to stop excess cash withdrawals from federal, state and council accounts.

Daily Sun says the Independent National Electoral Commission (INEC) will deploy one million vehicles and 4,200 boats for the transportation of election materials in 2023. The newspaper reports the presidential campaign council of the Peoples Democratic Party (PDP) said desperate politicians are targeting Godwin Emefiele, CBN governor.

Source: Top Stories