Index to Nigerian Newspapers

Fuel subsidies are no longer in effect, according to President Bola Ahmed Tinubu, because continuing to pay them would have bankrupted the nation. Cities once again saw lines for gasoline. For the payouts, N3.36 trillion was allocated. Every borrowing the nation makes is impacted by it. The bond market rose in value. that we will encounter issues with them. In accordance with the Appropriations Act, as it actually transpired. When the economic indexes get challenging, it increases. Every three litres are being subsidised by the government with N100. After the meeting, Kyari spoke to the media and reported that the nation's refineries were being restored. The rehabilitation effort is ongoing. The withdrawal of the subsidies, according to Kyari, who observed that the party was better informed.

The National Economic Council (NEC) hinted that petroleum subsidy would be over in June, but former Head of State Gen. Abdulsalami Abubakar warned against it, saying it would push more Nigerians into poverty. The Nigerian Labour of Congress (NLC) insisted it will not rescind its decision to call out Nigerian workers on January 27 over the Federal Government's decision. The views of the regulators correspond with the positions of the World Bank and IMF, which asked the Federal Government to remove fuel subsidy.

House of Representatives Speaker Tajudeen Abbas has urged the National Association of Resident Doctors (NARD) to suspend their planned strike and allow the Green Chamber to intervene in their dispute with the Federal Government. The NARD had embarked on a warning strike before the inauguration of the Tinubu administration, demanding a 200-percent increase in salaries and allowances, payment of salary arrears, implementation of the CONMEAS salary structure, new hazard allowance, domestication of the Medical Residency Training Act, and payment of medical residency training funds to its members in state tertiary health facilities. After suspending the strike, the doctors issued a fresh two-week ultimatum for the government to meet its demands. Abbas said the doctors' decision to meet with the House showed their faith and confidence in the lawmakers' capacity to intervene and resolve the lingering dispute. He set up an ad hoc committee chaired by House Leader Prof. Julius Ihonvbere to address the issues raised by the NARD and give the House leadership two weeks to find solutions.