The PUNCH: Ahead of the November 11 governorship elections in Bayelsa, Imo, and Kogi states, the Inspector-General of Police, Olukayode Egbetokun, has ordered the distribution of 220 operational vehicles f.or election security management. The force also deployed anti-riot equipment, including water cannons, Armoured Personnel Carriers, helmets, bulletproof vests, and tear gas canisters.
The Guardian: Official corruption, lax enforcement of extant building regulations, and poor monitoring by government officials contributed heavily to the over N1 trillion worth of property investment loss, which investors in Lagos State are suffering presently. An investigation by The Guardian revealed that property worth more than N800 billion alleged to have been erected without due authorisation have so far been brought down by the government in the last 14 months.
READ ALSO: Court to hear appeal against Kano tribunal’s judgement on Monday
The Nation: Strategic steps must be taken by the Central Bank of Nigeria (CBN) to drive down inflation and halt further erosion of wealth, a former governor of the apex bank has said. Dr. Muhammad Sanusi advised the incumbent CBN Governor, Dr. Olayemi Cardoso, to initiate policies that will rein in inflation, which he noted had severely impacted the economy.
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Daily Trust: The devaluation of the naira has increased Nigeria’s debt profile by N20.6trn trillion in five months, Daily Trust can report. A data analysis by Daily Trust indicates that the new borrowing plans by the federal government will see the total debt level hit N89.2 trillion before the end of the year.
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