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Newspaper Headlines: FG targets $2.7bn revenue from marine sector

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
May 16, 2024 7:00 am

Reports on the rejection of the federal government’s N48,000 new minimum wage proposal perfuse the frontpages of Nigerian newspapers.

 

The Punch reports that organised labour has withdrawn from the negotiation for a new minimum wage after the federal government failed to provide a breakdown for its N48,000 proposal. The newspaper says the Economic and Financial Crimes Commission (EFCC) has accused Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), of implementing naira redesign policy without the approval of former President Muhammadu Buhari.
Daily Trust reports that five commissioners in Rivers who are loyal to Nyesom Wike, minister of the federal capital territory (FCT), have resigned from the cabinet of Siminalayi Fubara, governor of the state. The newspaper says eight people were confirmed dead and more than 20 are now in hospitals after one Shafiu Abubakar set a mosque on fire in Gadan village, Gezawa LGA of Kano, while worshippers were observing prayers at about 5.30am on Wednesday.
The Guardian reports that the cost of living crisis confronting many Nigerians has worsened as the country’s inflation rate rose to 33.69 percent in April. The newspaper says the senate has approved a $500 million request from the federal government to increase access to prepaid electricity meters.
Vanguard reports that the federal government is set to begin the nationwide deployment of vehicles powered by compressed natural gas (CNG). The newspaper says Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, has faulted the plan of the federal government to deploy N20 trillion pension fund for infrastructural development.
THISDAY reports that President Bola Tinubu has inaugurated three critical gas projects in Delta and Imo states. The newspaper says the Swedish government has resolved to return 39 pieces of Benin Artefacts in its museum to the custody of Oba Ewuare II, the Oba of Benin,

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