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Newspaper Headlines: World Bank dismisses Nigeria’s single-digit inflation target

Abdullah.Abdulsalam@thecable.ng'byAbdulsalam Abdullah
October 8, 2025 7:00 am

Reports on the resignation of Uche Nnaji from President Bola Tinubu’s cabinet, amid controversies over his academic records and allegations of certificate forgery, perfuse the cover pages of today’s dailies. 

Daily Trust reports that a bill seeking to impose a 10-year ban on the issuance of international passports to Nigerians convicted of crimes abroad has passed second reading in the senate. The newspaper adds that the federal government said over 2,000 Nigerian refugees in the Republic of Niger will soon be repatriated as part of ongoing humanitarian efforts.
Blueprint newspaper reports that Tinubu has asked the house of representatives to approve a plan to borrow $2.35 billion in external capital to finance part of the 2025 budget deficit and refinance Nigeria’s maturing eurobonds. The newspaper adds that Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), has handed over the leadership of the commission to May Agbamuche-Mbu, who will now serve as acting national chairperson.
The Punch reports that the World Bank has said the federal government’s ambition to achieve single-digit inflation in the short term is unrealistic, warning that Nigeria remains among a handful of African countries still grappling with high consumer price inflation. The newspaper says the president has declined assent to two bills recently passed by the national assembly.
The Nation reports that the Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal charge filed against MultiChoice Nigeria Limited and its top officers after the parties said they had resolved their differences. The newspaper also reports that Nnaji has resigned as the minister of innovation, science, and technology following certificate forgery allegations. 
THISDAY reports that the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has criticised Adams Oshiomhole, Edo senator, over his remarks on the dispute between Dangote refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The Nigeria Labour Congress (NLC) says the Dangote refinery is not above the country’s labour laws, in its response to Vice-President Kashim Shettima, who described the refinery as a “national asset”.
Nigerian Tribune reports that Dapo Abiodun, Ogun state governor, inaugurated the first commercial flight at the Gateway International Airport in Ilishan-Remo, Ogun state. The newspaper adds that the Senior Staff Association of Nigerian Universities (SSANU) and Non-Academic Staff Union of Educational and Associated Institutions (NASU) have declared a one-day protest on Thursday over the inability of the federal government to address their demands.
The Guardian newspaper reports that Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, says the new tax laws exempt over 90 percent of Nigerian workers from pay as you earn (PAYE). The newspaper says Obi Aguocha, a member of the house of representatives from Abia; and Tajudeen Abbas, the speaker; engaged in a heated debate that lasted more than seven minutes during plenary.
Daily Independent reports that the African Democratic Congress (ADC) says failure is not an option as it prepares to contest the 2027 presidential election. The paper says Natasha Akpoti-Uduaghan, senator representing Kogi central, returned to her seat in the senate on Tuesday.

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