Post by King Solomon 💲✅👑 (@akundo_selumun)

*Today's News - Friday, July 31, 2026* 🇳🇬

### *Top Headlines*

*1. Security*
- *2,819 illicit arms destroyed* in a public exercise by Nigeria's arms control agency. Officials say over 21,000 illicit weapons have been seized since 2021, with 19,000+ destroyed to curb banditry, kidnapping and insurgency 7ade

*2. Economy*
- *Subsidy savings "absorbed" by debt & spending*: Finance Minister Taiwo Oyedele said savings from fuel subsidy removal and FX reforms went mostly into higher debt-servicing costs and increased government spending.
- Debt rates rose to 24% from 8% before reforms
- Wage bill doubled after minimum wage went to ₦70,000/month
- Govt also increased education loan spending for 1.5M+ students
- *Customs target*: NCS needs to generate *N7 trillion* between July-Dec 2026 to meet N11.074 trillion annual target. They've done N4.043 trillion as of June

*3. Military*
- *Army expansion approved*: Tinubu approved expansion from 8 to 12 divisions + recruitment of 28,000 new personnel. New divisions in Makurdi, Ilorin, Jalingo and Benin City. First 3 divisions operational by September 8b78

*4. Foreign Affairs*
- *Nigeria-South Africa talks*: Both countries agreed to de-escalate tensions over xenophobic attacks on Nigerians in SA. SA promised to prosecute perpetrators, Nigeria is compiling compensation claims. About 1,490 Nigerians were repatriated d554

*5. Security incidents*
- *Benue attack*: At least 14 villagers killed in Efeyi village, Otukpo LGA on Tuesday. Council chairman blamed Fulani militia
- *Benue Sankera axis*: Fresh attacks reported, 1 killed in Ukum and Katsina-Ala LGAs

*6. Other news*
- *US State Dept error*: US apologized for showing a wrongly labeled Africa map at AIDS 2026 conference in Rio. Nigeria was shown as landlocked
- *PFIPC saga*: Court case between Chief of Staff Gbajabiamila and Prince Adeyemi Mathew over alleged fake agency continues #news

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