Index to Nigerian Newspapers

Nigeria's Federal Government plans to raise $10bn to improve foreign exchange market liquidity, following a naira falling to an all-time low of 1,850 per dollar at the parallel market. President Bola Tinubu announced the plan at the inaugural Public Wealth Management Conference in Abuja, focusing on increasing foreign exchange liquidity and ensuring optimal management of government assets and investments. The government aims to double the GDP growth rate and significantly increase the GDP base over the next eight years. The President stressed transparency and accountability as key principles, focusing on improved corporate governance, innovative partnerships, and attracting alternative investment capital. The improved returns will be directed towards funding for education, healthcare, housing, power, roads, and other areas vital to lifting millions out of poverty and stimulating sustainable economic development and job creation.

Nigeria's Federal Government plans to raise $10bn to improve foreign exchange market liquidity, following a naira falling to an all-time low of 1,850 per dollar at the parallel market. President Bola Tinubu announced the plan at the inaugural Public Wealth Management Conference in Abuja, focusing on increasing foreign exchange liquidity and ensuring optimal management of government assets and investments. The government aims to double the GDP growth rate and significantly increase the GDP base over the next eight years. The President stressed transparency and accountability as key principles, focusing on improved corporate governance, innovative partnerships, and attracting alternative investment capital. The improved returns will be directed towards funding for education, healthcare, housing, power, roads, and other areas vital to lifting millions out of poverty and stimulating sustainable economic development and job creation.

Long queues in filling stations across Lagos State have been reported, despite the suspension of the National Association of Road Transport Owners (NARTO) strike. The queues began to build up on Tuesday due to fear that premium motor spirit might become scarce due to the National Association of Road Transport Owners (NARTO) strike. Independent marketers, including Mobil, Total, and Conoil, have also experienced supply shortages. The queues have caused traffic gridlock on major roads in Lagos. Filling stations along the Alausa axis, Nigerian National Petroleum Company Limited stations, and stations near Isolo General Hospital have also experienced fuel shortages. The Vice National President of Independent Petroleum Marketers, Hammed Fashola, stated that the fuel queues were caused by the two-day strike by tanker drivers. The National Association of Road Transport Owners (NARTO) members called off their strike on Tuesday and resumed loading fuel today. Lagosians have expressed frustration over the fuel scarcity, with some calling on President Bola Tinubu to call oil marketers to order.