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Newspaper Headlines: Amid rising debt, Buhari seeks fresh $4bn, €710m loans

Newspaper Headlines: Amid rising debt, Buhari seeks fresh $4bn, €710m loans
September 15
07:43 2021

The request of President Muhammadu Buhari for fresh $4 billion and €710 million loans, and the reactions that followed dominated the cover pages of Nigerian newspapers.

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The Nigerian Tribune says Buhari has sought the approval of the national assembly for fresh $4 billion and €710 million loans. The newspaper reports that 114 out 266 fleeing Kogi prison inmates have been recaptured.

The Guardian says Buhari has overlooked the N33 trillion debt burden on the country to seek another loan. The newspaper reports that gunmen killed Emeka Merenu, an Anglican priest, in Imo state.

Daily Independent reports that condemnation trailed Buhari’s request to borrow $4 billion and €710 million. Governors elected under the Peoples Democratic Party (PDP) have asked the national assembly to listen to Nigerians on the e-transmission of election results.

The Nation reports the battle for the collection of value-added-tax has moved to the supreme court. The newspaper says agitators for Yoruba Nation have taken their case to the United Nations. 

The Punch reports that experts lambasted the national assembly over Buhari’s request to borrow more funds. The newspaper says 60 landlords have deserted their houses as flood overwhelms Ogun community.

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