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Newspaper Headlines: FG, IOCs agree on crude oil supply to Dangote, local refineries

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
July 12, 2024 7:00 am

The newspapers spotlight the supreme court judgment on LG autonomy and reactions from stakeholders. 

The Punch reports that the supreme court has outlawed the appointment of caretaker committees to administer LGAs. The apex court also declared as illegal the practice of governors retaining funds allocated to councils. The newspaper says the federal government and crude oil producers in Nigeria have committed to working towards sustainable supply of crude oil to local refineries under a market-determined pricing system.
THISDAY reports that President Bola Tinubu met with leaders of the labour unions on Thursday over a new minimum wage. The newspaper says Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), said the current monetary policies are yielding results, with month-on-month inflation rate indicating a more stable economic outlook.
Daily Trust reports that the Catholic Bishops Conference of Nigeria (CBCN) and the Islamic Forum of Nigeria have rejected the Samoa Agreement, while asking the federal government to pull out of it. The newspaper says Ahmed Aliyu, governor of Sokoto, has signed the bill stripping the Sultan of the power to appoint district and village heads in the state.
Vanguard reports that some medical associations have expressed displeasure over delayed implementation of the executive order on medical and pharmaceutical products. The newspaper says Godwin Obaseki, governor of Edo, has inaugurated a 20-member transition committee.

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