Nigerian newspaper review for May 16: Tough times ahead for Nigeria - CBN governor

Nigerian newspaper review for May 16: Tough times ahead for Nigeria - CBN governor

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.

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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.

Vanguard newspaper review of May 16

Vanguard newspaper review of May 16
Source: UGC

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 Nation newspaper review of May 16

The Nation newspaper review of May 16
Source: UGC

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 Guardian newspaper review of May 16

The Guardian newspaper review of May 16
Source: UGC

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.

The Punch newspaper review of May 16

The Punch newspaper review of May 16
Source: UGC

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.

ThisDay newspaper review of May 16

ThisDay newspaper review of May 16
Source: UGC

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