New World Bank, IMF Loans, Akeredolu’s Absence And Other Newspaper Headlines Today

Stories on Nigeria’s dire economic challenges as well as the decision of the federal government to procure additional loan facilities top the front pages of Nigerian Newspapers today October 16.

The Punch reports that the federal government may spend N3.27 trillion on palliatives and loans to cushion the effect of petrol subsidy removal. The newspaper says President Bola Tinubu will today swear in three additional ministers into his cabinet.

The Nation reports that the United States and its allies are planning to de-escalate the war between Israel and Hamas. The newspaper says Godswill Akpabio, senate president, said it is time for the federal government to fix the Lagos-Abeokuta expressway.

Daily Trust reports that attacks by Boko Haram terrorists have escalated in Borno and claimed many lives in the last few months. The newspaper says the Peoples Democratic Party (PDP) and the All Progressives Congress (APC) are at loggerheads over the whereabouts of Rotimi Akeredolu, governor of Ondo, since the announcement of his return from a medical trip abroad.

The Guardian reports that several manufacturing firms are beginning to scale down production and change their business models in order to hedge the lingering foreign exchange challenges. The newspaper says telecommunication firms may sue banks over N120 billion unstructured supplementary service data (USSD) debt.

Vanguard reports that at least 21 states are owing retirees N790 billion inherited pensions and gratuities. The newspaper says the PDP has asked the Independent National Electoral Commission (INEC) to remove Sylvia Agu, resident electoral commissioner in Imo state.