In this post, we digest some top stories that make up the front pages of major Nigerian newspapers on Wednesday 23 October, 2024, and provide key advocacy asks.
Tinubu to Nigerians: Buy petrol at N1k per litre or CNG at N200 per meter – Daily Trust
President Bola Tinubu says Nigerian motorists now have the option of buying fuel at at N1,000 per litre or gas equivalent at N200 per Standard Cubic Meter. The president said this during a meeting with executives of the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja, on Tuesday.
We call on the Tinubu administration to urgently reverse the fuel price hike, as the burden on Nigerians has reached unbearable levels. Millions of citizens are struggling to afford basic transportation and sustain their livelihoods. We call on the government to prioritise the welfare of its people by revisiting this policy.
Unending grid collapses threaten survival of businesses – OPS – Vanguard
Prominent members of the Organised Private Sector, OPS, yesterday raised concerns over frequent collapses of the national power grid, saying the development is crippling already distressed businesses.
The Tinubu administration, through the Minister of Power, Adebayo Adelabu, must urgently address the recurrent national grid collapses that are threatening the survival of Nigerian businesses. The time to act decisively is now, as Nigeria’s economic recovery depends on it.
Nigeria still borrowing amid high debt costs – IMF – Punch
Nigeria’s engagement with the global debt market remains vibrant despite challenges posed by high borrowing costs, the International Monetary Fund has said.
The President Tinubu-led government must urgently prioritise sustainable fiscal policies to reduce Nigeria’s dependence on borrowing and focus on revenue generation through efficient public spending, and fostering economic diversification.
With rising debt costs threatening long-term economic stability, it is crucial to explore alternative funding sources and strengthen efforts to curb corruption and wastage.
Lost billions: Why govt’s youth empowerment efforts are failing – The Guardian
A new report has revealed that government’s efforts to empower young people in Nigeria are failing, with the funds often ending up in the hands of corrupt officials instead of reaching those they are intended to help.
The Tinubu government must urgently implement transparent mechanisms to track and audit youth empowerment funds, ensuring that resources reach their intended beneficiaries.
Strengthening anti-corruption measures, holding corrupt officials accountable, and partnering with credible civil society organisations to monitor and report on disbursements are essential steps toward restoring public trust.
