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Newspaper Headlines: Farmers predict worsening food crisis, blame subsidy removal, insecurity

byAyomikunle Daramola
June 8, 2024 8:29 am

The issue of the minimum wage is on the front burner of the national dailies as the federal government offers labour N62,000. 

Punch reports that farmers predicted a worsening food crisis and blamed petrol subsidy removal and insecurity for the increase in transport costs. The newspaper says the federal government spent N697 billion on revenue collection in 11 months.
The Nation reports that the International Monetary Fund (IMF), said Nigeria economy is expected to rise to at least $1.852 trillion in 2029. The newspaper says Bode George, chieftain of Peoples Democratic Party (PDP), said Nigerians should give President Bola Tinubu one more year to fulfill his campaign promises.
ThisDay reports that Bismarck Rewane, chief executive of Financial Derivatives Company Limited, said that the federal government’s policy inconsistency was taking its toll on the economy as well as investor confidence. The newspaper says the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it is targeting the monetisation of 50 percent flared gas in the country.
The Tribune also reports that Mutalubi Adebayo, former Oyo attorney-general, said President Bola Tinubu ought to have exposed the damage done to the country’s economy during the Muhammadu Buhari administration. The paper says Caleb Mutfwang, governor of Plateau, said the state would stop those attacking its communities.
Guardian says the National Agency for Food and Drug Administration Control (NAFDAC) arrested and arraigned three persons and one healthcare company involved in the production of falsified drugs. The newspaper reports that Samson Ayokunle, ex-president of the Christian Association of Nigeria (CAN), criticised the economic policies of President Bola Tinubu.

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