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Newspaper Headlines: FG plans fresh N31trn borrowing to fund expenditure

idris.shehu@thecable.ng'byIdris Shehu
November 19, 2024 7:00 am

President Bola Tinubu’s outing at the G20 summit in Brazil suffuse the frontpages of the newspapers. 

The Punch reports that the presidency has hit back at former President Olusegun Obasanjo for criticising the Tinubu administration. The newspaper says the federal government plans to borrow N31 trillion over the next three years.
The Nation says Ademola Lookman has been named among the top five finalists for CAF best player award. The newspaper reports that the federal government targets N34.8 trillion in revenue in the 2025 Appropriation Bill.
Daily Trust reports that G20 leaders have inaugurated a global alliance to end hunger. The newspaper says the office of the auditor-general of the federation has uncovered a N3.4 trillion fraud in federal ministries, departments, and agencies.
Vanguard says gunmen killed five security agents and vigilantes in an attack in Abia and Anambra states. The newspaper reports that Rwanda defeated the Super Eagles for the first time ever in their 2025 AFCON qualification clash.
The Guardian reports that 34 states have ditched the Universal Basic Education (UBE) grants as unused funds surpass N135 billion. The newspaper says the International Monetary Fund (IMF) has recommended a longer monetary tightening regime for Nigeria to tame inflation.

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