BY Ayodele Oluwafemi
The inauguration of crude oil drilling at the Kolmani field, a location that stretches between Bauchi and Gombe states, dominated the cover pages of Nigerian newspapers.
The Punch says members of the organised private sector have predicted that the hike in interest rate will lead to production shutdowns and higher bad loans. The newspaper reports that long queues have resurfaced in Lagos as
motorists spent hours at filling stations while waiting to buy petrol.
The Nation reports that President Muhammadu Buhari has warned the Nigerian National Petroleum Company Limited (NNPCL) to avoid a repeat of the Niger Delta experience in the north. The newspaper says Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), said the newly redesigned naira notes will go into circulation on Wednesday.
Daily Trust reports that President Muhammadu Buhari said the Kolmani oil drill attracted N1.33 trillion in investments despite the decline in funding for fossil fuels. The newspaper says Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), said he will implement the demands of the Christian Association of Nigeria (CAN) If elected president.
The Guardian says the United States government excluded Burkina Faso, Guinea, Sudan, and Mali from countries invited to the Africa leaders’ summit. The newspaper reports that Buhari said a reserve of one billion barrels of crude oil and 500 billion standard cubic feet of gas exists at the Kolmani oil field.
Daily Sun says Abubakar and Peter Obi, presidential candidate of the Labour Party (LP), have presented their plans to CAN. Former President Olusegun Obasanjo said 20 million out-of-school children in the country is a ticking bomb, the newspaper reports.
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