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Newspaper Headlines: Naira depreciation pushes Nigeria’s debt to N47trn in one year

idris.shehu@thecable.ng'byIdris Shehu
November 4, 2024 7:00 am

The continuous demand for the release of malnourished minors arraigned among #EndBadGovernance protesters dominates the frontpages of Nigerian dallies. 

The Punch says the federal government has projected N44 trillion in revenue from the proposed tax reform bill. The newspaper reports that one Jide Josiah Jisos has been sentenced to six months in prison for attempting to impersonate his daughter during the 2019 Unified Tertiary Matriculation Examination (UTME).
ThisDay reports that the world is on edge as the US elects a new president on Tuesday. The Dangote Refinery says any oil marketer who sells petrol cheaper than the price it is offering is importing substandard products.
Daily Trust says a land mine has killed seven loggers in a community in Borno. The newspaper reports that the military has captured Abubakar Ibrahim, a suspected terrorist leader popularly known as Habu Dogo, in Sokoto. According to the newspaper, a weakened naira has pushed Nigeria’s debt up by N47 trillion in one year. 
The Guardian reports that the federal government plans to pay N18 billion in compensation to affected property owners along section 1 of the Lagos-Calabar coastal highway. Siminalayi Fubara, governor of Rivers, says resource control is fuelling the ongoing political crisis in the state.
Daily Independent says President Bola Tinubu will swear in new ministers on Monday. The newspaper reports that the Nigerian police arrested 113 foreigners over cybercrime. 

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