Newspapers review for Monday, December 16: Hurdles surround 2020 budget over N50b extra projects
Major headlines of mainstream Nigerian newspapers for Monday, December 16, focus on the hurdles and crises that might hinder the smooth and immediate implementation of the 2020 budget which has already been approved by the National Assembly.
The Guardian reports that some difficulties which stand in the way of the implementation of the 2020 budget arise from the alleged uneven distribution of part of the N2.465 trillion capital projects to be carried out throughout Nigeria as well as the reported increase of figures for a lot of expenditure items.
Moreover, the increase in the budget has sky-rocketed a lot of subheads in parts of the allocation of the National Assembly.
Source: UGC
The Nation reports that senators are requesting the sum of N37 billion for the renovation of the National Assembly complex in Abuja.
Added to this, N1 billion has been approved as the cost of amending the Nigerian constitution which will kick start in 2020.
Source: UGC
Punch reports that the federal government's school feeding programme is yet to be perfected in states of the country where it is being implemented even after three years it has been in operation.
Apart from the fact that in some states only pupils from Primary 1 to 3 are catered for, schools in many rural communities have been abandoned because the areas are inaccessible to officials.
Source: UGC
This Day reports that lending and deposit rates have drastically reduced following the decision of the Central Bank of Nigeria (CBN) to totally prevent individuals and firms from investing in both primary and secondary Open Market Operations (OPO) auctions.
Source: UGC
Vanguard reports that all states of the country have defied the federal government's pension reform act.
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The newspaper revealed that while 25 states have enacted laws on the Contributory Pension Scheme (CPS), only 13 states have pension boards to operate the programme.
Source: UGC
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‘Buhari’s aide can be disloyal to him in Nigeria’s interest’ | Legit TV
Source: Legit.ng
