Tag: subsidy
If Subsidy Is Gone, Why Is Nigeria Still Borrowing?
The National Assembly’s approval of President Bola Ahmed Tinubu’s $6 billion external loan request has reopened a question many Nigerians…
Fuel subsidy to go by June 2023, says finance minister
By Kadiri Abdulrahman The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the Federal Government will…
FG’s unpaid N650bn subsidy arrears is affecting our operations – Marketers
Depot and Petroleum Products Marketers Association (DAPPMA) on Sunday said the unpaid subsidy arrears of over N650 billion by the…
Minimum wage, subsidy not in 2018 Budget
The Chairman, Senate Committee on Appropriation, Sen. Danjuma Goje, has said that no provision was made in the 2018 Budget…
Egyptians protest bread subsidy cut
Hundreds of Egyptians protested around the country, blocking roads and surrounding government offices, after a change to the way bread…
FG subsidising petrol by N12 – PPPRA
The Federal Government on Monday said it was currently subsidising Premium Motor Spirit (PMS) otherwise known as petrol at N12.62…
Buhari rejects devaluation, says ‘I won’t kill the Naira’
President Muhammadu Buhari declared late Wednesday in Nairobi that he was yet to be convinced that Nigeria and its people…
Business, Headlines, Interview, News
FG ends subsidy, reduces petrol price to N85 per litre from 1 Jan.
Nigeria’s Federal Government has taken advantage of low prices of crude oil in the international market to end subsidy of…
Stop subsidy payment, lawmaker urges Buhari
Jethro Ibileke/Benin President Mohammadu Buhari has been advised to stop subsidy paid by the Federal Government on imported fuel. The…
FG approves payment of N413bn subsidy claim to oil marketers
The Federal Government on Wednesday approved the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy…
Removing Nigeria ’s fuel subsidy a lame excuse
By SKC Ogbonnia Plagued by endemic corruption, Nigeria ’s fuel subsidy scheme has ignited intense debate in recent times. The…
Ending Fuel Scarcity
For over three weeks now, Nigerians have had to grapple with another episode of fuel scarcity which has become a…
Business, Headlines, Metro, News
Fuel Scarcity: Oil marketers fear Buhari will stop subsidy payments
* Queues for petrol worsen across the country * Importers hold back over subsidy fears * Buhari government faces backlog…
Reps kick back, says only N145bn provision was made for subsidy
Contrary to the speculation that fuel subsidy has been removed from the 2015 Appropriation Bill, the House of Representatives has…
Senate slashes subsidies on kerosene, petrol by N145bn
The Senate on Wednesday, slashed the allocation for petrol and kerosene subsidies presented by the Ministry of Finance in the…