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Newspaper Headlines: States’ debts hit N11.4trn as federation allocations rise

idris.shehu@thecable.ng'byIdris Shehu
November 11, 2024 7:00 am

The killings perpetrated by Lakurawa, a new terrorist group, suffuse the frontpages today. 

The newspapers also dwell on the forthcoming governorship election in Ondo.

The Punch reports that Kayode Egbetokun, inspector-general of police (IGP), has warned Amotekun and other vigilante groups to steer clear of the forthcoming Ondo governorship election. Punch reports that the total debt of Nigerian states has risen to N11. 47 trillion as of June 30, 2024, despite higher allocations from the Federation Account Allocation Committee (FAAC).
Daily Trust says the price of a bag of cement has hit N8,800. The newspaper reports that Nyesom Wike, minister of the federal capital territory (FCT), says no amount of protest can stop the bid to sanitise the nation’s capital.
The Nation reports that Taiwo Oyedele, chairman of the presidential fiscal policy and tax reform committee, says Nigeria’s tax laws are obsolete. The newspaper says electric power distribution companies (DisCos) are insisting that consumers pay for meter replacement.
The Guardian reports that outdated oil facilities are a huge setback for Nigeria. The newspaper says the Socio-Economic Rights And Accountability Project (SERAP) has urged President Bola Tinubu to stop Wike from handing cars and houses to judges.
Vanguard says Adebayo Adelabu, minister for power, has blamed saboteurs for the state of the power sector. The newspaper reports that Edo Queens thrashed CBE of Ethiopia in the CAF women’s Champions League opener.

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