Good morning. Here is today’s summary from Nigerian Newspapers:
1. Fuel Subsidy: Fresh Controversies Emerge
- Another Insider Says FG To Spend Over N7.2tr On Fuel Subsidy By May
- Says NNPC Remains Sole Importer Of Petrol Because There Is Subsidy On Petrol, So Price Has To Be Pegged
- FG Reserves Right To Pay Fuel Subsidy Intermittently To Cushion Hardship On Nigeria-Tinubu’s Adviser
Fresh controversies have emerged over the return of fuel subsidy into the Nigerian oil industry as key insiders have claimed that the country has returned to the subsidy regime amid strong denials by the federal government. READ MORE
2. Nigeria’s Economy In Right Direction-Finance Minister, Edun Boasts
- Says Exchange Rate Stabilizing, Revenue Up, Food Inflation Slowing
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has expressed optimism that with the exchange rates stabilizing, food inflation slowing, Nigeria’s economy is heading in the right direction as the various policies of the President Bola Ahmed Tinubu are beginning to yield res says the Nigerian economy is moving in the right direction as policies of the new administration has started slowing down food inflation. READ MORE
3. Tinubu Launches National Single Window Initiative To Enhance Revenue Generation
President Bola Tinubu on Tuesday launched the National Single Window initiative, a transformative project that will propel the nation’s economy to new heights. READ MORE
4. Dangote Crashes Diesel to N1,000 Per Litre
In an unexpected move,Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. READ MORE
5. $350m World Bank Loan: El-Rufai To Face Kaduna Assembly’s Probe Panel To Explain How Fund Was Spent
The former Governor of Kaduna State, Malam Nasir El-Rufai appears to have landed in big trouble as Kaduna State House of Assembly has constituted a committee to investigate how the $350 million World Bank loan obtained by the administration was spent. READ MORE
6. FCCPC to Intensify Price Monitoring in Markets as Naira Appreciates Against Dollar
The Federal Competition and Consumer Protection Commission (FCCPC) will intensify monitoring and enforcement in formal and informal markets to ensure business owners do not unfairly inflate prices. READ MORE
7. Lagos, Anambra, 29 Other States at Risk of Heavy Flooding From April-FG
Joseph Utsev, the Minister of Water Resources and Sanitation, has cautioned that 148 local government areas (LGAs) across 31 states are among the highly probable flood-risk areas for 2024. READ MORE
8. FG Begins Disbursement Of N200 Billion Grants
