Fuel Subsidy
No money to finance petrol subsidy — Mele Kyari
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari, says Nigeria does not have the...
10 Benefits of Petroleum Subsidy Removal You Must Know
1. Infrastructural Development: Frees up public funds for more meaningful infrastructure and developmental program that stimulates industrialization, create jobs, economic growth and social...
NLC, TUC engage FG over subsidy removal, astronomical raise in petrol pump price
Following the scrapping of petrol subsidy by the President Bola Tinubu administration with the attendant rise of pump price to N500 and above,...
Petrol subsidy removal not to be implemented until after June, says Tinubu’s media officials
“The panic-buying that has ensued as a result of the communication is needless; it will not take immediate effect’’ President Bola Tinubu’s announcement...
Tinubu’s scrapping of petrol subsidy will empower us to function as commercial entity, says NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) backed President Bola Tinubu’s scrapping of petrol subsidy with immediate effect. Persecondnews reports that as a...
Just in: Tinubu removes petrol subsidy
“There is no provision for subsidy in the 2023 federal budget from June; so it, stands removed” President Bola Tinubu on Monday in...
Updated: After securing $800m World Bank grant, FG suspends removal of fuel subsidy scheduled for June
The Federal Government says it is discontinuing with the plans to remove petrol subsidy by June 2023 as earlier scheduled just as it...
Just in: Again FG recants, suspends fuel subsidy removal
The Federal Government has again backtracked on the removal of petrol subsidy and has suspended it for now. A decision to this effect...
Just in: After 30 years, Ghana removes fuel subsidy
As part of measures to ensure stability in the country’s downstream sector of the oil industry, the Ghana National Petroleum Authority (NPA) has...
NNPC says N3trn required as petrol subsidy for 2022
The Nigerian National Petroleum Company (NNPC) Ltd says about N3 trillion will be required for petrol subsidy in 2022. NNPC presented...
Buhari bows to pressure, extends subsidy removal implementation period beyond June 2022
Following wide consultations with stakeholders and in line with the current economic realities in the country, the Federal Government has backtracked...
Monthly N250bn subsidy robs Nigeria of N3trn revenue annually from NNPC Ltd, says Finance Minister
The Nigerian National Petroleum Company Ltd (NNPC Ltd) is incapacitated to remit about N3 trillion yearly into the Federation Account because of...
With trillions of naira down the drain on fuel subsidy, which way to go for Nigeria: Deregulation or regulation?
Stella Igwe-Adesoga Determined to push through subsidy removal for Premium Motor Spirit (PMS) popularly known as petrol, the Federal Government says...
