Top Nigeria Newspaper Headlines Today 18th October 2024 [Friday]

Below is the summary of Top Nigeria Newspaper Headlines Today 18th October 2024 being Friday.

Top Nigeria Newspaper Headlines Today 18th October 2024 [Friday]

1. The Federation Accounts Allocation Committee (FAAC) has allocated N1.298 trillion to the Federal, State, and Local Governments for September 2024. This announcement was made following the FAAC meeting held in Abuja on Thursday, October 17.

2. The federal government has officially ended fuel and foreign exchange subsidies, concluding a long-standing policy debate. This announcement was made by Finance Minister and Coordinating Minister of the Economy, Wale Edun, during the World Bank’s presentation of the Nigeria Development Update in Abuja on Thursday.

3. The Independent National Electoral Commission (INEC) has set November 8, 2025, as the date for the off-cycle governorship election in Anambra State, in accordance with the Electoral Act 2022. INEC Chairman, Prof. Mahmood Yakubu, announced this during a meeting with political party leaders on Thursday, stating that a formal election notice will be published on November 13, 2024.

4. The World Bank has issued a warning that reversing the federal government’s economic policies would have dire consequences for Nigeria. Dr. Ndiame Diop, the World Bank’s Country Director for Nigeria, delivered this caution in Abuja during the launch of the Nigeria Development Update (NDU) report titled “Staying the Course: Progress amid Pressing Challenges.”

5. National Security Adviser Mallam Nuhu Ribadu stated that many illicit weapons currently in use by terrorists and bandits originally belonged to the Federal Government. Ribadu made these remarks at an Arms Destruction Exercise organized by the National Centre for the Control of Small Arms and Light Weapons on Thursday in Abuja.

6. The Independent National Electoral Commission (INEC) has recognized Julius Abure as the Chairman of the Labour Party (LP). In a letter to Abure and Alhaji Umar Farouk Ibrahim, the Commission’s Secretary, Mrs. Rose Oriaran-Anthony invited them to a fourth consultative meeting with political parties on Thursday in Abuja.

7. At least three individuals were injured when a CNG-powered vehicle exploded at a NIPCO filling station in Benin City, Edo State. The explosion occurred Thursday morning at the gas station located in Aduwawa on the Benin-Auchi road in the Uhunmwonde Local Government Area.

8. The Federal Government has pledged support to Jigawa State for the rebuilding and rehabilitation of Majia town, where a fuel tanker explosion claimed 153 lives on Tuesday evening. George Akume, the Secretary to the Government of the Federation, provided this assurance on Thursday during a condolence visit to the state.

9. Bauchi State Governor Bala Mohammed challenged the World Bank on Thursday regarding its claims that reversing the federal government’s current economic reforms would be catastrophic for the country, asserting that the reforms are ineffective. He emphasized that many people are suffering from hunger and that individuals of his status are facing the risk of being lynched.

10. The Nigeria Hydrological Services Agency (NIHSA) has urged residents near the banks of the River Benue Basin to relocate to safer areas. Umar Mohammed, the Director-General of NIHSA, issued this warning in a statement yesterday, indicating that water levels in the River Benue have reached flood conditions due to increased rainfall.