Browsing: subsidy removal

He said that the country had witnessed significant economic reforms since the removal of the subsidy by the President, describing the subsidy removal as courageous.
“The removal of the petrol subsidy caused some discomfort in the nation; you responded with compassion and doled out palliatives to assuage the effects on the people.

Briefing Journalists on Wednesday at the Conference Hall of the Governor’s Office, Ado-Ekiti, the State Commissioner for Finance and Economic Development, who is chairman of the committee,  Akintunde Oyebode, said the palliative measures cover people in the formal and informal sectors as well as the elderly and the indigent citizens.

Meanwhile, employment was up modestly for the second month running. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ IndexTM (PMI®). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. The headline PMI remained above the 50.0 no-change mark in June.