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Top news items in major Nigerian media outlets

Xinhua, September 20, 2016 Adjust font size:

The following are news highlights in major Nigerian media outlets on Tuesday.

-- The current economic recession in the country was caused by the militancy in the Niger Delta region, Vice President Yemi Osinbajo said in Abuja on Monday. (Daily Trust)

-- Minister of Finance Kemi Adeosun has called on the Central Bank of Nigeria to lower interest rate so that the government can borrow domestically to boost the economy without increasing debt servicing costs.

While reacting to the minister's call, President of Manufacturers Association of Nigeria, Frank Jacobs, said that a cut in interest rate would be the best thing to happen to the economy. (The Punch)

-- The Federal Government is planning to hand over the Transmission Company of Nigeria (TCN) to private sector concessionaires.

A top government official told The Guardian over the weekend that the Federal Ministry of Power, Works and Housing, the Bureau of Public Enterprises (BPE), and other concerned bodies have commenced the development of a concession plan for the nation's transmission infrastructure. (The Guardian) Endit