The PUNCH: The Nigeria Labour Congress on Sunday lamented the devastating impact of the forex crisis on the economy and demanded urgent stabilisation of the naira. The NLC President, Joe Ajaero, who said this in a statement on Sunday, blamed government officials’ love for foreign luxury products for the free fall of the national currency.
The Guardian: Tagging their move as another avenue to cash out from the nation’s resources after possibly wasting time on the exercise, civil society organisations, oil and gas experts as well as legal practitioners yesterday, said the move by the Senate to recover the alleged over N11.3 trillion spent on the nation’s moribund refineries as Turn Around Maintenance (TAM) will remain an effort in futility.
The Nation: Far-reaching economic reforms being undertaken by the Federal Government will provide the enabling environment for a return on investment, President Bola Ahmed Tinubu assured foreign investors yesterday. The President promised to remove obstacles to fast-track investment and development.
Daily Trust: Seven months after the federal government approved the peculiar allowance for staff on the Consolidated Public Service Structure (CONPSS), its payment is being delayed due to a lack of supplementary budget, findings by Daily Trust have shown. CONPSS applies to all staff of federal ministries, extra-ministerial offices and agencies formerly operating the Harmonised Public Service Structure (HAPSS)
