Today's Headlines: Sit-At-Home In South-East Is Criminal – Peter Obi; Tinubu Seeks Senate's Approval For $800m World Bank Loan
Sit-At-Home In South-East Is Criminal – Peter Obi
Photo Credit: Premium Times
Peter Obi, the 2023 presidential candidate of the Labour Party in Nigeria, has condemned the insecurity in the country’s South-east, saying the frequent sit-at-home order in the region is criminal.
“What is going on in the South-east is essentially a criminal activity that must be nipped in the bud, with all hands being on deck, security agencies, and the people alike,” Mr Obi tweeted on Thursday his Twitter handle.
Tinubu Seeks Senate’s Approval For $800m World Bank Loan
Photo Credit: The Nation
President Bola Tinubu on Thursday asked the Senate to amend the 2022 Supplementary Appropriation Act and approve a request for obtaining a loan facility of $800million from the World Bank to finance the National Safety Net Programme of the Federal Government.
The President’s request was contained in a letter read by Senate President, Godswill Akpabio, at the plenary session.
In the letter sent to the Senate, the President said the $800million loan facility is intended to be used to support poor Nigerians and will be disbursed to poor households across the country.
He said the facility is an extension of the unconditional cash transfer being implemented by the Federal Government.
Stop $5bn Annual Freight To Foreigners, LCCI Tells FG
Photo Credit: Punch papers
The Lagos Chamber of Commerce and Industry has urged the President, Bola Tinubu, to stop the revenue leakage of more than $5bn paid annually as freight to foreign shipowners.
LCCI in a position paper on current matters of national economic developments signed by its president, Dr Michael Olawale-Cole, said the move would help to address revenue leakages.
The LCCI also frowned at the recent bid by the Federal Government to merge the Nigerian Maritime Administration and Safety Agency, Federal Inland Revenue Service, and Nigeria Customs Services into the Nigerian Revenue Services.
Olawale-Cole advised the government to ensure that implementing the proposed merger did not impede the ease of doing business.
NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise
Photo Credit: Punch papers
The Nigeria Labour Congress and the Trade Union Congress have thumbed down the N500bn palliative proposed by President Bola Tinubu, stating that it is grossly inadequate to assuage the hardships confronting workers sequel to the fuel subsidy removal. They are demanding a 300 per cent salary increase to enable workers to cope with the challenges imposed by the deteriorating economic situation that came with the removal of the controversial fuel subsidy.
On Wednesday, the President wrote to the House of Representatives seeking approval for N500bn to cushion the effects of petrol subsidy removal.
Tinubu’s request was contained in a letter sent to the National Assembly and read during plenary by the Speaker of the House of Representatives, Tajudeen Abbas.
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