Nigeria Times News brings you a daily summary of the major headlines in Nigeria’s national newspapers. Here are the key stories making waves on Friday, November 15, 2024:
The PUNCH
The spotlight is on the upcoming Ondo State governorship election, set for Saturday. Security agencies have intensified efforts to ensure a smooth and peaceful electoral process. The Defence Headquarters announced the deployment of additional troops to strategic border areas and known hotspots. This move aims to support the Nigeria Police Force in maintaining law and order throughout the election.
Vanguard
The Federal Executive Council (FEC) has approved a ₦47.9 trillion budget proposal for the 2025 fiscal year. Additionally, a borrowing plan of ₦13.8 trillion has been endorsed as part of the budget strategy. These developments suggest an ambitious financial plan as Nigeria prepares for the next fiscal year.
The Guardian
As part of its 2025 financial strategy, the Federal Government is considering acquiring an additional $2.2 billion debt, adding to the nation’s current financial obligations. This move is part of plans to fund the newly proposed ₦47.9 trillion budget. Minister of Budget and Economic Planning, Atiku Bagudu, shared that the Medium-term Expenditure Framework (MTEF) for 2025-2027 has been approved, setting the groundwork for next year’s spending.
Daily Trust
The Medium-Term Expenditure Framework (MTEF) for 2025-2027 has received approval from the Federal Executive Council, featuring a proposed budget of ₦47.9 trillion for the year 2025. This announcement came during a press briefing by Minister Atiku Bagudu following a meeting chaired by President Bola Ahmed Tinubu.
Conclusion
These headlines highlight key political and economic events shaping Nigeria’s landscape. From preparations for the Ondo governorship election to substantial budgetary discussions, the stories underscore the government’s focus on security, fiscal planning, and economic strategy as the country looks towards 2025.
Stay tuned for tomorrow’s review of Nigeria’s latest news and developments!
