Newspaper review: N2.745trn spent on power, roads and railways in the last two years - Buhari

Newspaper review: N2.745trn spent on power, roads and railways in the last two years - Buhari

The newspaper review for Tuesday, June 5, leads with apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, saying it is yet to take any position on 2019 presidential election among other stories.

Vanguard reports that the apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, said it is yet to take any position on 2019 presidential election.

According to a statement issued on Monday by Chuks Ibegbu, a spokesman for Ohanaeze, “we will consult widely among Igbo stakeholders before taking a decision on 2019.

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Newspaper review

Vanguard newspaper for Tuesday, June 5 photo credit: snapshot from NAIJ.com.

Anybody who is parading himself, claiming that Ohanaeze Ndigbo is supporting him is wasting his time. However, Ohanaeze Ndigbo will support candidates that believe in restructuring Nigeria and ready to carry all sections of the country along."

Ohanaeze lamented the least number of states and local governments in the southeast, which has consistently led to the least quota in recruitment, jobs in civil service, representation in the National Assembly, allocations among others.

The Punch reports that President Muhammadu Buhari on Monday, June 4, said that his administration had spent $9bn (N2.745tn at the official exchange rate of N305 to $1) on power, roads and railways in the country in the last two years.

The president said this was part of the ongoing plans to diversify the economy through the development of tourism, agriculture and solid minerals, noting that the federal government was investing heavily in infrastructure.

Newspaper review

The Punch newspaper for Tuesday, June 5 photo credit: snapshot from NAIJ.com.

Buhari made these remarks at the 61st meeting of the United Nations World Tourism Organisation and Commission for Africa in Abuja.

The president stated that as part of his administration’s social investment programmes, the government was giving N5,000 monthly to some 297,973 poor homes in the country.

The Nation reports that Senate president Bukola Saraki will no longer visit the police over the April 5 Offa, Kwara state bank robbery, it was learnt yesterday.

He is to write a statement, which he will send to the police. In all, 33 persons, including nine policemen, were gunned down during the operation.

Newspaper review

The Nation newspaper for Tuesday, June 5 photo credit: snapshot from NAIJ.com.

On Sunday, the police said Saraki would be invited to its Intelligence Response Team’s office in Guzepe, Abuja, to explain his relationship with the suspects., who claimed to be Saraki’s and Kwara state Governor Abdulfatah Ahmed’s thugs.

They also alleged that they were paid and armed by the duo. The suspects however, said neither Saraki nor Ahmed asked them to rob and kill.

The Guardian reports that some members of the new Peoples Democratic Party (nPDP) block of the All Progressives Congress (APC) have returned to the trenches with the prospect of dumping the APC.

The development came barely 24 hours after the Nigeria Police invited Senate president Bukola Saraki for questioning over the April 5 robbery at four commercial banks in Offa, Kwara state.

Newspaper review

The Guardian newspaper for Tuesday, June 5 photo credit: snapshot from NAIJ.com.

In a statement, yesterday, leader of the aggrieved group, Alhaji Kawu Baraje, said the members were rethinking their earlier stand on making peace with the President Muhammadu Buhari-led administration.

Baraje, a dyed-in-the wool supporter of Saraki, referred to the allegation as a clear signal the presidency is not keen on reaching an amicable settlement with the group.

This Day reports that the naira appreciated Monday as the Central Bank of Nigeria (CBN) approved an upward review of the trading margin for Bureau de Change (BDC) operators in the country.

With the review, BDC operators will now buy the United States dollar from the CBN at N357/$ and sell same at N360, leaving the currency dealers with a margin of N3. The revision also means that BDCs will buy forex at the same rate that banks buy from the CBN for retail transactions such as BTA, PTA and for school fees.

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Newspaper review

This Day newspaper for Tuesday, June 5 photo credit: snapshot from NAIJ.com.

Previously, BDCs bought the greenback from the central bank at N360 and sold same at N362 to the dollar.

Following the announcement, the naira gained N2 to close at N361 on the parallel market, higher than the N363 at which it sold last Friday.

On the Investors’ and Exporters’ window, the naira also gained marginally to close at N361.32 to a dollar Monday, as against N361.12 last Friday.

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Source: Naija.ng

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