Nigerian newspapers review: Cut-throat rent hikes worsening Nigeria’s housing crisis

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In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with exorbitant rent worsening the housing crisis in many towns and cities in Nigeria.

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Another headline features the African Democratic Congress, ADC, which has filed a suit before a Federal High Court in Abuja, seeking an order compelling the Independent National Electoral Commission, INEC, to restore the names of Senator David Mark and Rauf Aregbesola as the party’s National Chairman and National Secretary, respectively.

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Vanguard also reports that the World Bank has downgraded Nigeria’s economic growth projection to an average of 4.1 percent in 2026.

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Moving to the next paper, The Guardian’s top headline states that under President Bola Tinubu’s administration, government service charges have risen sharply, driving up the cost of passports, driver’s licenses, number plates, cargo duties and inbound shipments.

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The Punch reports that the Federal Government has reassured Nigerians and the international community that the country remains safe for residents and visitors, even as the United States ordered the evacuation of non-emergency staff and their families from its embassy in Abuja.

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Lastly, The Nation reports that American oil giant ExxonMobil has reignited plans to invest in multi-million-dollar deep-water projects in the country’s oil and gas sector. As part of the investment plans, the oil firm said it would take its final investment decision (FID) on the $8 billion Owowo field by 2027, adding that its production sharing contract on the Erha deepwater project has been extended to 2042.

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