Rivers community accuses Shell of pollution

Kebetkache, in Rivers State has raised an alarm over the pollution allegedly committed in the state by the Shell Petroleum Development Company of Nigeria Limited (SPDC), calling on the oil exploration company, the government, global community, regulatory agencies and relevant stakeholders to take urgent action to address these issues.

In a statement titled: “The Environmental Assault Committed by Shell in Rivers Communities” issued at the weekend to mark

Read More: https://af24news.com/rivers-community-accuses-shell-of-pollution/

Nigeria’s petrol subsidy could rise to 3% of GDP in 2024–IMF

The International Monetary Fund(IMF) on Thursday maintained its growth forecast of 3.3% for Nigeria’s economy for 2024, up from 2.9% last year, citing a pick up in services and trade sectors.
The IMF added that growth outlook was still challenging, with food price inflation 40% in March, raising food security concern.

“If Nigeria grows at 3.3% that is just above the population dynamics, which is a big challenge,” IMF mission chief for Nigeria, Axel Schimmelpfenning, told journalists.

Since taking office about a year ago, President Bola Tinubu has embarked on sweeping reforms, including slashing costly petrol and electricity subsidies and devaluing the naira currency twice within a year to narrow the gap between the official and parallel market exchange rates.

Read more: https://af24news.com/nigerias-petrol-subsidy-could-rise-to-3-of-gdp-in-2024-imf/