Tag: fuel subsidy
Subsidy removal: NMDPRA promises smooth transition
The Authority urged Nigerians not to panic over the removal of subsidy as the authority had ensured the availability of…
NNPC Ltd welcomes Tinubu’s removal of fuel subsidy
Kyari said the removal of the subsidy, which had been a burden on NNPC’s cash flow, would free up funds…
Just In: Tinubu declares end to fuel subsidy
Tinubu said from the 2023 budget he has seen, subsidy is supposed to end by June. He therefore said subsidy…
Fuel subsidy killing Nigeria’s economy — Akinwumi
Adesina, who said this at a lecture in Abuja, disclosed that Nigeria’s fuel subsidies benefit the rich not the poor,…
Fuel subsidy will end in June 2023, Finance Minister insists
The Federal Ministry of Finance said this in reaction to reports which emanated from the press briefing of the Minister…
JUST IN: FG suspends removal of fuel subsidy
According to her, the Council agreed that the timing of the removal of fuel subsidy should not be now, but…
Forget idea of removing fuel subsidy, Northern youths tell FG
“We cannot afford to have another round of hardship inflicted on the Nigerian people, especially the youth, who are already…
Ghana removes fuel subsidy after 30 years
Also, the NPA has established a special fund to assist refineries in increasing their capacity to 50 barrels of oil…
NNPCL: Fuel subsidy now above N400bn monthly
According to him, NNPCL was spending about N202 as subsidy on every litre of petrol consumed across the country, adding…
Indonesia to increase fuel price, reallocates subsidy to cash handouts
The move comes amid reports that the government has been considering raising subsidised fuel prices to manage rising fiscal pressure…
TUC gives conditions for fuel subsidy removal
The union asked state councils and affiliates to prepare for “industrial actions” if the government goes ahead with its removal…
Fuel subsidy removal will improve economy: Onafowokan CEO Coleman Wires
Onafowokan said the removal of subsidy would encourage investors into the downstream, midstream and refining and stop Nigeria's borrowing.
NEC speaks on alleged plan to remove fuel subsidy
On his part, Gov. Abdullahi Sule of Nasarawa State said Nigerians ought to know about the Petroleum Industry Act (PIA)…
NLC releases dates for Mother of All protests against fuel subsidy removal
Rising up from an urgent meeting in Abuja on Friday, the Nigeria Labour Congress, NLC, has fixed January 27 and…
82 CSOs support move to end oil subsidy
The coalition noted that the subsidy regime was unsustainable, adding that the best way to tackle the problem was to…
Petroleum marketers back FG on removal of petrol subsidy
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has backed the Federal Government’s plan to remove subsidy on Premium Motor…
Petrol price may hit N340 in 2022, FG mulls transport subsidy for poor Nigerians
Kyari said that the law provides that by the end of February 2022, the nation should be out of the…
Fuel Subsidy removal: The needless Furore
Mr President is in the eye of the storm recently for bravely realizing the inevitable expungement of the fuel subsidy…
It’s unrealistic to continue with subsidy – Timipre Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said it's unrealistic for government to continue subsidising the Premium…
Mele Kyari: Ending fuel subsidy in the interest of ordinary Nigerians
Mele Kyari, the Group managing director of the Nigerian National Petroleum Corporation said the decision to end the fuel subsidy…
IPMAN, others back removal of fuel subsidy
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and some other stakeholders have supported the removal of fuel subsidy.
Nigerian Govt has no plan to remove fuel subsidy – Minister
The Minister of State for Petroleum, Mr. Timipre Silva on Thursday assured Nigerians that the Federal Government has no immediate…
2020: Fuel subsidy to gulp N450bn – Finance minister
Mrs Zainab Ahmed, the Minister for Finance, Budget and National Planning says under-recovery of Premium Motor Spirit (PMS), popularly referred…
News commentary: Why Nigeria’s petrol subsidy policy is stupid
Once again, the appropriateness of maintaining a subsidy regime for petrol consumption is back in the news and the new…
Deregulate oil sector and scrap subsidy – Tinubu tells FG
Managing Director of Oando Plc, Mr. Wale Jubril Tinubu has called on Federal Government to take concrete steps towards deregulating…
Federal Govt. not removing fuel subsidy – Finance Minister
The Minister of Finance, Mrs Zainab Ahmed, on Wednesday refuted media reports that the Federal Government had agreed with the…
NUPENG, PENGASSAN, urge FG to shun counsel on removal of fuel subsidy
Workers in the oil and gas sector on Sunday advised President Muhammadu Buhari to shun any counsel that would destabilise…
No plan to remove fuel subsidy now – Federal Govt
The Federal Government has again clarified its stance on the removal of fuel subsidy, saying it had no plan to…
Nigerian Govt looking into gradual removal of fuel subsidy, says Finance Minister
The Minister of Finance, Mrs Zainab Ahmed says the Federal Government will look into gradual removal of fuel subsidy as…
IMF tells Nigeria, others to end fuel subsidy
The International Monetary Fund (IMF) has advised Nigeria and other countries still subsidising fuel for domestic consumption to stop doing…