Nigerian Newspapers Daily Front Pages Review | Monday 15th August, 2022

Naija News looks at the top happenings making headlines on the front pages of Nigeria’s national newspapers today Monday 15th August 2022.

The PUNCH: Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the year. The Federal Government, in the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper recently presented by the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, blamed oil production shut-ins due to pipeline vandalism, crude oil theft and high petrol subsidy cost.

The Guardian: Of the 28 assembly plants that began operations in 2014 out of the 54 companies licensed in Nigeria, only six are currently running, and at a very low capacity. According to available data from operators in the sector, policy inconsistency, as witnessed in the non-signing of the Nigeria Automobile Industry Development Plan (NAIDP) bill into law, worsened by lack of incentive to those that invested billions in the automobile assembly project and non-provision of foreign exchange by the Central Bank of Nigeria (CBN) for settlement of letters of credit continue to compound the woes of the sector.

The Nation: Various youth groups in the Southsouth geopolitocal zone have rated the presidential candidate of the All Progressives Congress (APC), Asiwaju Ahmed Bola Tinubu better than others in the race for 2023 saying they will work for his victory at the poll. They listed Tinubu’s competence, experience, his detribalised character, his performance as governor, his support for youths and his penchant at discovering and empowering talents among others as their reasons for supporting him.

Daily Trust: The federal government has lost over N3 billion in revenue since it suspended Abuja-Kaduna train services in March, this year, Findings by Daily Trust have shown. Besides, the businesses of hundreds of people who earn livelihood around the railway corridor have collapsed.

Daily Sun: There are indications that barring any last minute change of plans, the peace committee set up by the Peoples Democratic Party (PDP), presidential candidate, Atiku Abubakar and Rivers State Governor, Nyesom Wike, to resolwve all contentious issues in the party, would meet today in Abuja.

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