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Newspaper Headlines: National, state assemblies to spend N724bn in 2024

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
May 13, 2024 7:00 am

Reports on the controversial cybersecurity levy, the political crisis in Rivers state, and protest over hike in electricity tariff, permeate the frontpages of Nigerian newspapers.

The Punch reports that organised labour will on Monday (today) commence nationwide protests over the electricity tariff hike and removal of subsidy by the federal government. The newspaper says the International Monetary Fund (IMF) has asked the federal government to stop the payment of electricity subsidy.
Daily Trust reports that tenants in the federal capital territory (FCT) are groaning over hike in rent by their landlords. The police said 14 abducted students of Confluence University of Science and Technology (CUSTEC) in Kogi have been rescued.
The Guardian reports that manufacturers spent N290 billion on self-generated power in the first quarter of 2024 as energy prices soared by 70 percent. The newspaper says former President Olusegun Obasanjo said Nigeria is complex but not difficult to govern.
THISDAY reports that the presidency has suspended the cybersecurity levy to avoid overburdening citizens battling economic hardship. The newspaper says Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, said the federal government is working on a system that will provide tax relief to 95 percent of the informal sector.

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