Good morning.  Here is today’s summary from Nigerian Newspapers:

1. N19tr Pension Scheme: FG, Labour Heading For Showdown

* Borrowing From Fund Not Backed By Pension Act-  Organised Labour Kicks
* Says Lack Of Transparency Undermines Sanctity Of Pension Funds
* FG Fires Back At Labour, Says No Plans To ‘Illegally Access’ Workers’ Pension Funds

The plans by the federal government of Nigeria to use N19tr funds domiciled in the National Pension Fund Scheme to drive economic and infrastructural development across the country has been met with stiff resistance by organized labour.

2. N90bn Hajj Subsidy: Tinubu Under Fire              

* It Has Political Undertone, Tinubu Sending Wrong Signal About Our Economy-Peterside

Following a disclosure by Vice President Kashim Shettima that FG subsidised the 2024 Hajj with N90 billion, President Bola Ahmed Tinubu has come under severe criticism.

3. FG, States, LGs Shared N1.208 Trillion in April- FAAC

The Federation Account Allocation Committee (FAAC) has shared the sum of N1.208 trillion as revenue for April among the federal government, states and local government councils (LGCs).

4. FG To Officially Open Student Loan Portal May 24

In a significant milestone, the Nigerian Education Loan Fund (NELFUND) has fixed May 24 for the opening of the student loan portal.

5. At Meeting With Faye, New Senegalese President, Tinubu Calls For ECOWAS’ Unity To Tackle Terrorism, Banditry

At the meeting with President Bassirou Diomaye Faye of Senegal, Nigeria’s President, Bola Tinubu on Thursday called for unity between West African countries to crush banditry, terrorism and other criminal activities plaguing the region.

6. DHQ Declares ‘Terrorist Kingpin’ Halilu Buzu Wanted

The Defence Headquarters has declared one Halilu Buzu, a suspected terrorist kingpin, wanted.

7. Salary Arrears: ASUU Issues Two Week Ultimatum To FG, Says ‘No Pay, No Work’

The Academic Staff Union of Universities (ASUU) has issued a two weeks ultimatum to down tools if the President Bola Tinubu administration fails to pay public university lecturers their salaries arrears.

8. Emirates Airline To Resume Nigeria Flight Operations On October 1

Emirates Airline has disclosed that it will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai.

9. Burna Boy, Ayra Starr, Asake Others Bag Nominations For 2024 Bet Awards

Ayra Starr, Burna Boy, Tems, Asake, Seyi Vybez, Davido, and Lojay are the seven Nigerian singers that have been nominated for the 2024 BET Awards.

10.  Ronaldo Tops Highest-Paid Athlete List For Second Year- Forbes

Cristiano Ronaldo has topped the Forbes list of highest-paid athletes for the fourth time in his career, with Jon Rahm moving up to second.

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