The Nigeria Governors on Wednesday expressed strong support for President Bola Tinubu’s decision to end fuel subsidy payments in the country and other early policy initiatives of the administration. This was revealed in a statement released by the State House Director of Information, Abiodun Oladunjoye. The governors, who took turns to speak when the […]
Tag: Fuel Subsidy Removal
Fuel Subsidy Removal: Osun Government Issues Stern Warning To Marketers
Following the declaration of the newly sworn in President of Nigeria, Asiwaju Bola Ahmed, that is administration will not continue to pay for fuel subsidy, Nigerians trooped to the fuel stations in fear that petrol would become scarce and more expensive. ADULAWO NEWS gathered that black market sellers of petrol also started selling their products […]
Anxiety As FG Insists on Removal of Fuel Subsidy In June
There is anxiety in Nigeria has Federal Government has insisted that the payment for fuel subsidy will come to an end in June, 2023. A statement from the Federal Ministry of Finance, Budget and National Planning gave a clarification on recent report the Federal Government had shifted the exit date for fuel subsidy payment. A […]
Fuel Subsidy: Keep $800 Million Borrowed From World Bank Safe – Shehu Sani Tells FG
Former Kaduna central lawmaker, Senator Shehu Sani, has asked the federal government to keep safe the $800 million it received earlier as a loan from the World Bank to cushion the effect of the planned fuel subsidy removal. For months now, the Nigerian government has maintained it will remove subsidy on Premium Motor Spirit (PMS) […]
Fuel Subsidy Removal: There Is A Lot To Put In Place – FG
With barely two months to the proposed removal of fuel subsidy on Premium Motor Spirit (PMS) otherwise known as petrol, the federal government has said it is putting in place strategies to cushion the effect of the removal on Nigerians. The move comes amidst mixed reactions about the proposed fuel subsidy removal. While others have […]
NNPC Presents N3trn Subsidy Bill For 2022 To Executive Council
The Nigerian National Petroleum Company, NNPC, Limited has presented to the Federal Executive Council FEC a bill of N3 trillion as what is required in 2022 for payment of petroleum subsidy. This was disclosed by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, while briefing State House correspondents at the end of […]
Fuel Subsidy: FG Targets 1m Vehicles’ Conversion To CNG
Ahead of its plan to fully deregulate the downstream sector of the petroleum industry, the Federal Government has said that it plans to work with marketers to convert 200, 000 vehicles from using petrol to compressed natural gas (CNG) usage this year. The government said the ultimate plan was to have at least one million […]
BREAKING: FG Suspends Planned Petrol Subsidy Removal
The federal government has suspended the planned petrol subsidy removal till further notice. Recall that the Federal government had planned to stop subsidy payments on petroleum products from July this year. Zainab Ahmed, minister of finance, budget, national planning, said this during a meeting held at the national assembly on Monday in Abuja. The meeting […]
Trade Union To FG “Ensure Local Refineries Are Operational Before Removing Subsidy “
The Trade Union Congress has gave Federal Government conditions for the removal of fuel subsidies. Recall that the Federal Government has hinted that it may end the subsidy programme in June but the move has been opposed in several quarters. However, at the end of its National Executive Council, the TUC in a communique said […]
Removing Fuel Subsidy Will Push More Nigerians Into Poverty – Abdulsalami
Former Head of State Abdulsalami Abubakar on Thursday raised concerns over the removal of fuel subsidy. General Abdulsalami, who was speaking at the 19th Daily Trust Summit in Abuja, said the country is facing challenges on multiple fronts and a fuel subsidy removal will only compound the situation. The Federal Government has said it plans […]
Exclusive: Fuel Price May Rise To N302 Per Litre In Weeks
The National Economic Council, NEC, has recommended to the Federal Government an increase in the pump price of fuel. The price of petrol in Nigeria currently sells between N162 and N165 per litre. According to TheCable, the chairman of the council, Vice President, Yemi Osinbajo, made the recommendation in November 2021. It was gathered that […]
BREAKING: Buhari Did Not Order Anyone To Remove Subsidy — Senate President
Following the backdrop of the planned labour cum civil society protest over the alleged planned removal of petroleum subsidy, the President of the Senate, Dr Ahmad Lawan, has revealed that President Muhammadu Buhari has not directed anyone in his administration to implement the removal of petroleum subsidy. Recall that the organized labour through the leadership […]
Fuel Subsidy Removal: Buhari To Give Nigerians N5,000 Transport Allowance
The minister of Finance, Zainab Ahmed has said that plans are underway by President Muhammadu Buhari led administration to remove fuel subsidy and provide “deserving” Nigerians with a N5,000 monthly transport allowance. “Ahead of the target date of mid-2022 for the complete elimination of fuel subsidies, we are working with our partners on measures to […]