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Newspaper Headlines: Transport fares surge by 50% amid hike in petrol price

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
September 5, 2024 7:00 am

Reports on the persistent queues at filling stations and the hike in petrol price suffuse the frontpages of Nigerian newspapers today.

The Punch reports that the Nigerian National Petroleum Company (NNPC) has reportedly suspended the sale of petrol to independent marketers after it hiked the product’s price on Tuesday. The newspaper says Julius Abure, national chairman of the Labour Party, has rejected a 29-member caretaker committee constituted in Abia state to resolve the crisis within the party.
Daily Trust reports that the hike in the price of petrol has pushed transport fares by over 50 percent in major cities across Nigeria. The newspaper says Philip Agbese, deputy spokesperson of the house of representatives, said Femi Gbajabiamila, chief of staff to the president, cannot take over the oversight duties of the national assembly.
Vanguard reports that the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, (NACCIMA) Lagos Chamber of Commerce and Industry (LCCI), and Nigerian Employers Consultative Association (NECA) have expressed concern over the impact of the latest petrol price increase on jobs and the economy. The newspaper says Nenadi Usman, a former minister of finance, has been nominated by the Labour Party to chair its 29-member national caretaker committee.
The Nation reports that queues persist in filling stations across the country despite the hike in petrol pump price. The newspaper says the Lagos state government and the China Civil Engineering Construction Corporation (CCECC) have signed a deal for the construction of the Lekki-Epe link bridge.

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