Major newspapers in Nigeria are leading with news report on the accidental bombing of an IDP camp in Borno state.
Guardian Newspaper
Guardian is leading with a report that Senate yesterday retained the foreign exchange rate of N305 to the dollar for the 2017 budget. It said this was part of the key decisions by the upper legislative chamber while passing the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).
By adopting the recommendations of its Joint Committee on Finance, Appropriation and National Planning on the document, the Senate however, raised the proposed oil benchmark of $42.50 in 2017 budget to $44.5 per barrel.
The decision to retain a conservative exchange rate benchmark of N305 per dollar could further mount pressure on the naira, especially as the CBN has failed to meet forex demand in recent times. Industry experts had condemned the wide gap between official exchange rate and that of the parallel market, saying it was the reason for the weak naira.
Newspaper Review
Punch is also reporting the same thing with a twist that One of the Internally Displaced Persons in Rann, Borno State, who survived the accidental bombing of the camp on Tuesday, said the Nigerian Air Force fighter jet involved in the operation dropped bombs on the camp three times.
Abdulwahab Adam, who spoke with the newspaper at the General Hospital, Maiduguri, the Borno State capital, where he was receiving treatment for injuries sustained in the attack, on Wednesday, said, “The bombs were dropped on us thrice and there was no way a mistake could be made thrice.
The Nation Newspaper
The Nation leads with a news report that accidental bombing of an IDP camp in Borno was due to “failure of intelligence”.
A source quoted said: “What happened was that a foreign nation, which had been assisting in the counter-insurgency, provided an intelligence alert on the regrouping of some insurgents in Rann.
“The foreign country based its alert on what its surveillance radar picked. The alert indicated that the insurgents must be smoked out as early as possible. It was on this basis that the Air Force deployed its jet.
“The error occurred because the IDPs camp was not among the list of camps made available to the Air Force. There is a strong suspicion that the camp was recently set up by emergency bodies and Borno State without updating the list given to the military.”
Vanguard Newspaper
Vanguard leads with same story but reported that the regular Wednesday meetings of the Federal Executive Council, FEC, could not hold, yesterday, due to the accidental bombing of the Internally Displaced Persons, IDPs’ camp in Rann, Borno State, by the Nigerian Air Force, on Tuesday.
360naze
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