The main headlines of mainstream Nigerian newspapers of Thursday, May 16, are focused on the comment by the governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Nigeria's economy, his appointment for second term, among others.
Vanguard reports the governor of CBN on Wednesday, May 15, made an appearance before the Senate committee for screening on his second term, saying tough times awaits Nigerians.
Emefiele based the reason for his comment on the exploding population of the country which according to him will hit 425 million in 2050 unless urgent steps are taken.
The Nation reports economic saboteurs will be met with stiff hands if CBN's governor, Godwin Emefiele, get Senate's approval for his second term.
Emefiele said the bypassing of the policies designed by the federal government has been the challenge of the country's development.
The Guardian newspaper reports that Emefiele reviewed Nigeria's economic performance in the last 50 years and concluded that the nation's development has been poor.
The apex bank governor said Nigeria's progress could not match the kind he saw in an Asian country he just visited.
The Punch reports that the president of Manufacturers' Association of Nigeria (MAN), Mansur Ahmed, reacted to CBN governor's comment on Nigeria's economy
The president of MAN said a whole of things need to be done to fix the economic issue of the country, saying for instance, the issue of petroleum subsidy still needs to be talked about more.
This Day newspaper reports that Emefiele was praised during his second tenure screening by the Senate Committee on Banking, Insurance and other Financial Institutions.
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After his presentation during the screening, members of the committee said he performed well in the last five years as the governor of CBN.
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Minister of industry says economy is improving; Nigerians disagree | Legit TV