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Newspaper Headlines: States face allocation cuts as NSIA demands N100bn monthly

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
April 27, 2025 6:45 am

Reactions to the wave of defections in opposition political parties in Nigeria dominate the frontpages of Nigerian newspapers.

The Punch reports that there are strong indications that recent political moves by President Bola Tinubu are responsible for the defections of top opposition figures to the ruling All Progressives Congress. The newspaper says the monthly statutory allocations to state governments from the federation account may decline in the coming months following an official request by the Nigeria Sovereign Investment Authority to boost the nation’s residual funds with the support of N100bn monthly.
Nigerian Tribune reports that Peter Okpaleke, the Catholic Bishop of Ekwulobia in Anambra state, is among 17 African cardinals set to elect Pope Francis’s successor at the Vatican in May. The Joint Admissions and Matriculation Board (JAMB) said it does not post candidates to exam centres outside the towns they selected at the point of registration, the newspaper reports.
Vanguard reports that the defection of Sheriff Oborevwori, governor of Delta, to the APC has heightened fears that other state governors may follow the same path. The newspaper says no fewer than 12 people were killed by suspected Boko Haram terrorists in Gwoza LGA of Borno state.
THISDAY reports that Wale Edun, minister of finance, and Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), said President Bola Tinubu’s reforms have restored investors’ confidence in the Nigerian economy and stabilised the foreign exchange market. The newspaper says 10 Nigerian deposit money banks (DMBs) generated N140.97 trillion in customer deposits in 2024.
Daily Sun reports that Dele Momodu, publisher of Ovation Magazine, said Tinubu cannot win a free and fair election in 2027. The newspaper says the Federal Airport Authority of Nigeria (FAAN) has announced that the Akanu Ibiam International Airport in Enugu state will reopen for flight operations on Monday, April 28, following the completion of emergency repairs of the runway.

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