Nigerian Newspapers Daily Front Pages Review | Monday, 3 January, 2022

Naija News looks at the top happenings making headlines on the front pages of Nigeria’s national newspapers today Monday, January, 3rd 2022.

According to The PUNCH, members of the National Assembly have insisted on the amendments made to the 2022 Appropriation Bill, including the reduction of allocation to 10,733 projects and insertion of 6,576 new ones.

One year after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on January 1, 2021, Nigeria continues to lag behind in making the trade agreement operational owing to structural challenges, Coronavirus pandemic and lack of consensus on trade protocols and strategy among stakeholders, The Guardian reports.

According to The Nation, If the position of President Muhammadu Buhari is anything to go by, the suit filed by state governments seeking to stop deductions from their monthly allocations to fund debts associated with Paris Club refunds is an exercise in futility. The states, the President said, are fighting a lost battle because they brought the trouble on themselves by failing to pay the consultants they engaged, thereby forcing the consultants to obtain court judgments against them and the Federal Government

The much anticipated national convention of the All Progressives Congress (APC) slated for next month is shaky as various tendencies intensify efforts to hijack the party ahead of the 2023 general elections, Daily Trust reports.

As the banking sector prepares to kick-start a new banking year tomorrow, there are strong in­dications that the sector may experi­ence job loss. This is because banks that may not be able to comply with the stringent implementation of the new account­ing standards set by the Central Bank of Nigeria (CBN) may have to merge with other banks or face outright ac­quisition, Daily Independent reports.

Nigerian Tribune reports that the Presidency Sunday night said that President Muhammadu Buhari signed the 2022 Appropriation Bill into law despite the insertion of 6,576 new schemes worth N37 billion because he did not want to “throw away the baby with the bathwater.”

Thank you for reading, that all for today, see you again tomorrow for a review of Nigerian newspapers.