Nigerian Newspapers: Foreign Investors Withdraw N266 Billion in Three Years

Foreign investors pulled 266 billion naira out of Nigeria over three years, Vanguard reports in a newspaper review led by the programme Today in the News.

The same paper highlights a government effort to eliminate conflicting economic projections from ministries, departments and agencies. A high-powered inter-agency committee will harmonize the macroeconomic assumptions used for national budgeting and economic planning.

Vanguard also reports that the government plans to upgrade the Code of Conduct Tribunal into a National Anti-Corruption Court. The stated aim is to speed up the trial of corruption cases.

The Guardian turns to the 2027 presidential contest, where fuel subsidies have returned to the center of debate. President Bola Tinubu announced the end of the former petrol subsidy regime on May 29, 2023, but candidates are now divided over how to provide cheaper fuel without increasing the country’s fiscal burden.

The Punch reports that ministers, heads of ministries, departments and agencies, and other government appointees will need prior approval from the Office of the Secretary to the Government of the Federation before making official foreign trips. The Nation leads with the Independent National Electoral Commission’s expanded use of technology to monitor the movement of election materials during the January 16 and February 6, 2027 general elections.