Labour Insists on Nationwide Protests from Tomorrow Faults Tinubu's ability to control inflation, gasoline prices We're dealing with oil cabals, says Gbajabiamila NSA: We inherited a very bad situation
Deji Elumoye, Chuks Okocha and Onyebuchi Ezigbo in Abuja
The organised labour has insisted on going ahead with its planned protests
over the removal of petroleum subsidy from tomorrow, August 2, 2023. Rising from another round of meeting of the Presidential Steering
Civil society group backs labour, mobilises members
Committee on palliatives at the State House, Abuja, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) also expressed reservations about President Bola
Tinubu's ability to control inflation and gasoline prices due to the unification of the exchange rate. Addressing newsmen after the committee's meeting yesterday,
NLC President, Joe Ajaero, said the plan for workers to proceed on a peaceful protest from tomorrow, has not changed. He dismissed fears that the
peaceful protest could be hijacked by hoodlums, saying such had never happened in the history of Continued on page 10
FG to Falana: Peaceful Protests No Justification for Disrupting, Shutting Down Essential Services... Page 36 Tuesday 01 August, 2023 Vol 28. No 10338. Price: N250
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Stock Market Gains N7.1tn in Seven Months Amid FX Reforms... Page 10
Tinubu Bemoans State of Economy, Says After Darkness Comes Glorious Dawn Claims national wealth doled on favourable terms to handful of people who became filthy rich To spend N75bn to create jobs in manufacturing sector between now and March 2024 Energises SMEs with N125bn, devotes N100bn to purchase of 3,000 units of 20-seater CNG-fuelled buses Orders release of 200,000 metric tonnes of grains to households nationwide To liaise with labour for upward review of minimum wage Promises necessary interventions to halt exchange rate depreciation, fuel price increases, inflation Tinubu’s broadcast waste of time, Atiku’s aide declares Deji Elumoye in Abuja
In his maiden national broadcast yesterday, President Bola Tinubu bemoaned the state of the economy, saying after darkness comes glorious dawn. The President however decried what he called an unfair economic environment marked by an “unproductive fuel subsidy which only benefitted smugglers and fraudsters” at the expense of the populace. Tinubu also decried the hitherto multiple foreign exchange regime under which, “Our national wealth was doled on favourable terms to a handful of people who have been made filthy rich simply by moving money from one hand to another.” The president acknowledged the extra hardship brought upon the citizenry by the policy measures his new administration had adopted to try to resolve the economic crisis. But he expressed optimism Continued on page 10
president holds decoration ceremony for service chiefs...
L-R: Chief of Army Staff (COAS), Lt-General Taoreed Lagbaja; Chief of Defence Staff, General Christopher Gwabin Musa; Vice President Kashim Shettima; President Bola Ahmed Tinubu; Chief of Naval staff, PHOTO: GODWIN OMOIGUI Vice Admiral Emmanuel Ogalla and Chief of Air staff, Air Marshal Hassan Abubakar, shortly after their decoration ceremony held at the Presidential Villa, Abuja …..yesterday
Nigeria Seeks WHO's Assistance for Emergency Deployment against Diphtheria... Page 8