Top Stories from Nigeria’s Major Newspapers:
The PUNCH
The Presidency responded to former President Olusegun Obasanjo’s remarks that corruption in Nigeria has worsened. The Presidency dismissed Obasanjo’s call to remove the Independent National Electoral Commission (INEC) Chairman, Prof. Mahmood Yakubu, over his handling of the 2023 elections, labeling it as a baseless accusation.
Vanguard
The Federal Government’s proposed 2025 budget faces criticism from industry experts. Concerns have been raised over the budget’s assumptions and financial projections, with many expressing disappointment in its feasibility.
The Guardian
The International Monetary Fund (IMF) has emphasized that Nigeria, along with other Sub-Saharan African countries battling high inflation rates, may need prolonged monetary tightening to control price instability.
ThisDay
The Lagos Chamber of Commerce and Industry (LCCI) has criticized the Federal Government’s 2025 budget plans, deeming them overly optimistic given Nigeria’s current economic conditions. LCCI’s statement urged caution in relying on the budget’s projections, which include a proposed N47.9 trillion expenditure.
The Nation
The Presidency has dismissed former President Olusegun Obasanjo’s criticism of the current administration, questioning his authority to lecture on governance. Presidential spokesperson Bayo Onanuga highlighted perceived failures during Obasanjo’s tenure
Daily Trust
Northern lawmakers have voiced concerns over four new tax reform bills being debated in the National Assembly. An interactive session was held between the House of Representatives and the Presidential Committee on Fiscal Policy and Tax Reforms to discuss the implications of the proposed changes.
Thank you for reading. Check back tomorrow for another review of Nigeria’s daily newspaper headlines.
