Here are the top 10 stories from Nigerian daily newspapers for today, 2nd June 2023 on Politics, business, entertainment and economy.
1. Oil Theft: Tinubu Charges Security Agencies On New Approach, Warns Against Working at Cross-purposes
Nigeria’s new President Bola Ahmed Tinubu on Thursday held his first security meeting with service chiefs since his inauguration.
At the meeting that was held in the Aso Rock Villa, Tinubu tasked the security agency to adopt a strategic approach to tackling oil theft in the oil-producing communities across the country. He also warned the security agencies against working at cross-purposes as such defies the objective of ensuring adequate security across the country.
He pledged to carry out a lot of reforms in the security architecture Read more.
2. Subsidy Removal: Petrol Price Not Fixed, Subject To Market Forces – NNPC Boss
The Group Chief Executive Officer, Nigeria National Petroleum Company (NNPC), Mele Kyari, has revealed that the pump price of Premium Motor Spirit (PMS) better known as petrol, will not be fixed but subject to change, in reaction to market realities.
Kyari stated this why clarifying issues regarding the sudden hike in the price of the product following the announcement of the removal of subsidy on fuel by the president, Bola Tinubu.
This is as the Nigeria Labour Congress (NLC) has rejected the new pump price released by the NNPC on Wednesday, demanding that the Federal Government must provide alternatives to cushion the effect of the subsidy removal on Nigerians.
Meanwhile, Kyari had while fielding questions from journalists at the end of a closed-door meeting with members of the National Working Committee (NWC) of the ruling All Progressives Congress (APC) in Abuja, said President Tinubu has directed that palliatives be put in place to cushion the effect of the increase on Nigerians.
3. CBN Refutes Alleged Devaluation of Naira
The Central Bank of Nigeria (CBN) has denied a report that the naira has been devalued after a media outlet reported that the official dollar rate had been increased to N631.
A report on Thursday claimed that the CBN increased the dollar cost by N169.4 kobo after bidding for the foreign exchange resumed this week in the official market.
This implies the value of the naira dropped by 36.6 per cent, as the report stated that the financial regulator had previously exchanged both currencies at N461.6. Read more
4. Kukah Tasks Tinubu On Running All-inclusive Government
The Catholic Bishop of Sokoto Diocese, Bishop Mathew Kukah, has called on President Bola Tinubu to put together a cabinet that would be all-inclusive, saying some Nigerian were still hurting from the outcome of the 2023 general election.
Bishop Kukah, who stated this Thursday, during an interview on ARISE News Channel’s ‘Prime Time,’ programme, advised President Tinubu not to make mistakes of his predecessor who according to him, acted in a way that created division.
5. FG Eyes $200bn Revenue from Customs’ Modernisation Project
The Comptroller General of Customs (CGC), Col. Hameed Ali (Rtd.), Thursday, flagged off the modernisation project of the Nigeria Customs Service (NCS) which was expected to generate over $200 billion for the federal government.
The service had partnered with Trade Modernisation Project (TMP) Limited, under a Public Private
Partnership (PPP) arrangement, to deliver the best-in-class technology for full automation of NCS processes to align with its peers around the world.
6. Mbah Declares No More Sit-at-home in Enugu
Enugu State governor, Peter Mbah, has declared that there will be no more sit-at-home on Mondays in the state with effect from Monday, June 5, 2023.
The governor, who made this known in a statement released on Thursday, expressed his administration’s readiness, to engage in dialogue with people, who have genuine grievances toward bringing lasting peace and security to the state.
Monday’s Sit-at-home in the southeast generally has been on since July 2021 following the controversial extradition of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), and his continued detention by the Federal Government through the Department of State Services (DSS).
Mbah called on President Tinubu to release Nnamdi Kanu to quicken the much-needed healing process in Nigeria.
7. NAMA’s Managing Director Set to Regig Agency
The new Managing Director of the Nigerian Airspace Management Agency (NAMA), Tayib Mohammed Odunowo, has said he will bring the wealth of his experience in the aviation industry to reinvigorate the agency.
Odunowo, commended his predecessor, Lawrence Pwajok for the efficient way he managed NAMA to ensure the improvement of air safety in the country.
With over 25 years of experience, he is said to be an accomplished professional with a diverse range of expertise in the Aviation, Security, and Consulting industries.
8. AfDB Approves $20m Equity Investment to Boost Infrastructure
The Board of Directors of the African Development Bank Group has approved an equity investment of $20 million to mobilise private capital for infrastructure development across the continent.
The bank, in a statement on its website, said the fund was part of Africa50 Infrastructure Acceleration Fund 1.
The Africa50 Infrastructure Acceleration Fund I is a pan-African infrastructure private equity fund that is mobilising up to $500 million for investment.
9. House Of Reps Task FG To Tackle illicit drug Use, Abuse
The House of Representatives has called on the Federal Government to develop preventive strategies against drug abuse and its consequences.
The House urged the government to direct the National Orientation Agency to devise an enlightenment campaign against drug abuse in the country.
It noted that such strategies like creating a general as well as a demographically-targeted enlightening campaign could be adopted in the process, adding that the government should also increase the budgetary allocation to the National Drug Law Enforcement Agency and ensure that the agency gets its funding directly from the Presidency as was the case when it was set up in 1989.
10. Obi, LP Tender Documents from Six States to Prove Petition against Tinubu
Presidential candidate of the Labour Party (LP) in the February 25 presidential election, Mr Peter Obi, and his party, Thursday, tendered documents from six states of the federation to prove their petitions against the election of President Bola Tinubu.
The petitioners at the resumed hearing disclosed that they were challenging the election results in only 18 states of the federation, including Rivers, Benue, Cross River, Niger, Osun, and Ekiti.