TheCable

The Punch reports that some of the ships seized by the EFCC have begun to sink in waters across the country over poor maintenance. The newspaper says experts have blamed 2023 elections for the N4.1 trillion rise in recurrent expenditure.

The Nation reports that the Independent National Electoral Commission (INEC) is awaiting the decision of President Muhammadu Buhari on the electoral act. The newspaper says Nigerians are currently stranded abroad over expired passports.

Daily Independent reports that analysts have argued that the foreign exchange woes will limit economic growth and investment. The newspaper says Nigerian airlines have invested N1.293 trillion in aircraft acquisition amid slow passenger traffic.

Daily Sun reports that schools in the federal capital territory (FCT) have been placed on red alert over possible attacks by bandits. Ohanaeze Ndigbo has warned that Monday’s sit-at-home in the south-east region is no longer tenable, the newspaper says.

The Guardian reports that widening deficits have compounded Nigeria’s revenue problem, making borrowing the last resort for the federal government. The newspaper says the Kogi state government has issued a 48-hour ultimatum to EFCC to apologise and retract the comment that the state kept a N20 billion bailout fund meant to pay salaries in an interest-yielding bank account.