The PUNCH: Barely 24 hours after seeking approval of the N2.18tn supplementary budget, PresidentBola Tinubu has approached the Senate for the approval of another $7.8bn and €100m loans. The request of the President was contained in a letter to the Senate read during the plenary by the Senate President, Godswill Akpabio on Wednesday.
The Guardian: Many African governments are currently caught in the crisis of refining domestic debts at cut-throat costs even as they overstretch the funding capacity of their central banks to bridge the gaping hole in their finances, a situation that has left many in dire straits, a report by S&P warned yesterday.
The Nation: Members of the Federal Executive Council (FEC) got a marching order yesterday from President Bola Ahmed Tinubu: perform or be fired. The President spoke at the opening of a three-day retreat organised for ministers, permanent secretaries and heads of government agencies and parastatals at the Conference Centre of the Presidential Villa, Abuja
Daily Trust: Nigerians have expressed anger over the plan by the Presidency to renovate President Bola Tinubu and Vice President Kassim Shettima’s official residences in Lagos with N7bn and purchase official vehicles for the First Lady’s Office with N1.5bn.
