So far, there has been no clear sign of how these funds are being invested to improve the economy or the everyday live of the citizens.
Browsing: subsidy
The Founder and Executive Director of Agora Policy, a think-tank, said this following the position of the NNPCL on the cost of petrol.
Besides its capacity to interfere negatively with unrestricted and very competitive free market economies, monopoly has a way of hurting the people at the receiving end by unleashing inefficiency, lack of innovation, poor service delivery and higher prices of goods and services.
Minister of Information and National Orientation, Mohammed Idris said this while speaking in an interview on Channels TV on Thursday.
Idris said President Bola Tinubu made it clear from his first day in office that his government would not sustain the payment of subsidy on petrol.
The National Union of Road Transport Workers (NURTW), Kaduna State branch, said it plans to provide financial support to 300 of its members to cushion the effect of subsidy removal.
Minister of Agriculture Abubakar Kyari, said the Federal Government is giving out a 50 per cent subsidy to wheat farmers in the upcoming dry season farming to ensure massive production of the grain in the country.
The Federal Government has responded to reports on the reintroduction of fuel subsidy and the queues noticed at filling stations across the country.
The President of the association, Festus Osifo, made this known on a Channels TV programme: “Politics Today.”
The Minister of Information and National Orientation, Mohammed Idris, said President Bola Tinubu is committed to ameliorating the temporary pains of Nigerians over fuel subsidy in the shortest time possible.
The Nasarawa State Government has commenced the distribution of palliatives to cushion the effects of economic hardship of the petroleum subsidy removal on its citizens.
Kwara State Government has confirmed receipt of N2bn out of the N4bn relief funds that the Federal Government released for purchase of rice to be distributed en masse to vulnerable members of the public in the state.
The National Economic Council has constituted an Ad-hoc Committee to engage with the leadership of labour unions to resolve issues surrounding the petrol subsidy removal across the states.
The Kwara government has commenced disbursement of its token of support for petty traders and others at the lowest rung of the economic pyramid.
The Senior Pastor of Citadel Global Community Church, formerly known as the Latter Rain Church, Oregun, Lagos State, Pastor Tunde Bakare, has told President Bola Tinubu not to kill Nigerians but corruption.
Agege Local Government Area (LGA) Area of Lagos State Tuesday, announced a reduction of its working days to three, to help ameliorate the economic hardship being faced by workers.
The Oyo State governor, Seyi Makinde has announced the short term plans of his administration to mitigate the effects of the fuel subsidy removal on residents of the state, saying that his administration will continue to put the interest of the people first.
The Nigeria Labour Congress (NLC) said it will make its decision on the suspension or continuation of its protest against effects of fuel subsidy known Thursday.
The Niger State Government has declared its support for the nationwide protest by the organised labour over the hardship faced by Nigerians in the wake of the removal of fuel subsidy by the Federal Government.
Acting Inspector-General of Police, Kayode Egbetokun has ordered Commissioners of Police and Supervisory Assistant Inspectors-General of Police to engage with labour for understanding ahead of Wednesday’s protest over fuel subsidy removal.
The Nigeria Labour Congress (NLC) has expressed worry over Federal Government’s promises to dispense wage award to workers since the removal of petrol subsidy in the country.