North America and West Africa, with Nigeria at the helm, historically have been the top two destinations for petrol exports from Europe, which produces more gasoline than it uses, meaning its refiners rely on exports to support profit margins.
Browsing: Fuel subsidy
President of the Senate, Godswill Akpabio has assured Nigerian workers of the readiness of the government to review the salaries of its workers as a move towards cushioning the effect of the removal of fuel subsidy.
Dele Alake, Special Adviser to the President on Special Duties, Communications and Strategy, revealed this.
This suggestion was made on Wednesday by Professor Ishaq Akintola, the Executive Director of MURIC, in a statement
She spoke in a post on her Instagram page following fuel scarcity, power outage and other forms of inconveniences.
Scores of residents, who decried the high cost of petrol in the country, said they have since been engaged in panic buying.
The position of the human rights organisation was contained in a letter dated May 13, 2023 to the World Bank
CISLAC’s Executive Director, Auwal Musa Rafsanjani, made the position of the body known in a statement on Sunday.
The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, revealed this development on Wednesday.
The multilateral lender also revealed that a macro-fiscal stress test it conducted on the country showed that interest payments on debts in the country could amount to Nigeria using 100 per cent of its revenue to service debts by 2026 if not closely monitored.
Lawan made the call in his remarks moments before he referred the President’s request for the amendment of the 2022 Appropriation Act to the Committee on Appropriation after the bill scaled second reading.
The President’s Special Adviser on Media and Publicity, Femi Adesina, said this when he featured on Channels Television’s Sunrise Daily programme.
The group however advised the government to come up with a robust plan for economic sustainability.
The CNPP made its position known in a statement in Abuja on Sunday by its Secretary General, Chief Willy Ezugwu.
He said this in Washington D.C. on Wednesday at the opening press conference for the World Bank at the ongoing 2020 International Monetary Fund/World Bank virtual annual meetings.
Sylva, who said this on Thursday, while speaking with newsmen in Abuja, said that beginning from October, Nigerians “can now convert cars using petroleum to gas, which will be cheaper’’.
Abubakar was also the leading opposition Peoples Democratic Party presidential candidate in the 2019 general elections.
The minister made this known while fielding questions from legislators at a joint session of National Assembly Committees overseeing the oil sector.
She said this on Monday in Abuja, at the public presentation of the 2020 budget proposals.
The Minister of Finance, Zainab Ahmed, on Wednesday refuted media reports that the Federal Government had agreed with the International Monetary Fund’s advice on the removal of fuel subsidy.