BY Ayodele Oluwafemi
Reports on the minimum wage committee, the free fall of the naira against the dollar, and the abduction of school children in Ekiti state, permeate the front pages of Nigerian newspapers.
The Punch reports that kidnappers of five pupils of Apostolic Faith Group of Schools, Emure Ekiti, and four staff members have demanded N100 million ransom for the release of the victims. The newspaper says the Nigerian Labour Congress (NLC) said the N200,000 minimum wage it earlier proposed to the federal government was no longer realistic.
Daily Trust reports that 26 states have failed to fully implement the contributory pension scheme (CPS) twenty years after the enactment of the Pension Reform Act 2004. The newspaper says the International Monetary Fund (IMF) has reduced its forecast for Nigeria’s economic growth to 3 percent in 2024 — down from a 3.1 percent projected in October 2023.
The Nation reports that the Central Bank of Nigeria (CBN) has disclosed that it has concluded payment of all verified claims by airlines with an additional payment of $64.44 million. The newspaper says members of the national assembly have called for urgent action against the rising insecurity in the country.
The Guardian reports that businesses in border communities of Nigeria and Niger Republic have been grounded. The newspaper says the senate has again summoned service chiefs to appear before it next week and proffer lasting solutions to the widespread insecurity in the country.
THISDAY reports that the naira hit N1,482/$1 on the Investors and Exporters (I&E) window on Tuesday to close higher than the parallel market rate, which was anchored at N1,460/$1. The newspaper says Mali and Burkina Faso have announced that they had sent the Economic Community of West African States (ECOWAS) a “formal notice” of their withdrawal from the regional bloc.
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