Newspaper Headlines: Petrol, electricity subsidies hurting poor Nigerians, says World Bank

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Newspaper Headlines: Petrol, electricity subsidies hurting poor Nigerians, says World Bank

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November 22, 2022

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The controversy over the emergence of a new speaker in the Ekiti state house of assembly dominated the cover pages of Nigerian newspapers.

The Punch says the federal government has assembled a legal team to challenge the suit filed by domestic airlines seeking to stop the establishment of a proposed national carrier — Nigeria Air. The newspaper reports that the World Bank said petrol and electricity subsidies are hurting poor Nigerians.

The Nation reports that the International Monetary Fund (IMF) has advised the federal government to look beyond monetary policy tools in its fight against inflation. The newspaper says Olubunmi Adelugba, lawmaker representing Emure Constituency, has been elected the speaker of the Ekiti state house of assembly.

Daily Trust says residents of Bauchi and Gombe have set an agenda for the federal government ahead of the commencement of crude oil drilling in the states. The residents said they do not want a repeat of the environmental degradation in the Niger Delta.

THISDAY reports that Peter Obi, presidential candidate of the Labour Party (LP), said he would be actively in charge of the affairs of the nation if elected president. Ayo Adebanjo, the leader of Afenifere, a socio-cultural group, said it is the right of the Igbo to become president in 2023, the newspaper says.

The Guardian reports that stakeholders have raised concerns about the timing, political undertones and general handling of the plan to begin crude oil drilling in the northern part of the country. The newspaper says the Coalition of South East Youth Leaders (COSEYL) has called for the impeachment of Chukwuma Soludo, governor of Anambra, over comments against the candidacy of Obi.

Source: Top Stories