Fuel subsidy removal by the present administration of President Bola Tinubu has come with a thunderous alarm.
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Bismark Rewane, the Managing Director/Chief Executive Officer, Financial Derivative Company Limited, has supported the Federal Government’s removal of petrol subsidy.
The Ogun State Government has approved cash palliative of N10,000 for each of its public servants and pensioners.
“Most Nigerians, especially those born after 1973, have lived their lives under fuel subsidy. Hence, removing it is like a mother weaning off a child from breast milk. But then, while weaning children from the breast milk is inconvenient to them, it is necessary for them to grow and become adults.”
Members of the House of Representatives Wednesday voted in favour of pump price of petrol of N617 per litre, supporting the claim reason – market forces as the determinant.
Issa Aremu, Director-General, Michael Imoudu National Institute for Labour Studies, Ilorin, has urged the Federal Government to expand the scope in its negotiations on the aftermath of fuel subsidy removal.
The Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has called for investment in basic amenities to improve citizens’ livelihood.
The Ugwumba Leadership Centre for Africa has urged the Federal Government to publish the names of expected beneficiaries of the subsidy removal palliatives before disbursing funds.
Nigeria’s inflation rate has jerked up for the sixth consecutive time to 22.79 per cent. The development was as of…
The Senate has agreed to investigate oil subsidies and under recovery regime operated by the Federal Government
She spoke in a post on her Instagram page following fuel scarcity, power outage and other forms of inconveniences.
CNG said the plan by the government to increase the pump price of fuel to N340 per litre has continued to elicit varying reactions from Nigerians and civil society organisations.
The President of the PFN, Bishop Wale Oke, stated the position of the Christian body in a statement he issued on Sunday.
Minister of Finance Budget and National Planning made this disclosure on Thursday at presentation of the Medium Term Expenditure Framework/Fiscal Strategy Paper for 2022-2024 in Abuja
The economists gave the advice in separate interviews with the News Agency of Nigeria in Lagos.
Obi spoke with journalists in Lagos on Monday.
The Senate on Thursday approved N129.048 billion for payment of final tranche of subsidy for 67 oil marketers.
Goje made this known to briefing newsmen on Wednesday in Abuja shortly after the passage of the 2018 Appropriation Bill.
The shock discovery has made the Nigerian National Petroleum Corporation to sound the alarm bells that an unprecedented cross-border smuggling of petrol to neighbouring countries is ongoing, making it difficult to sanitise the fuel supply and distribution matrix in the country
The Coordinator and Chief Convener of the Forum, Comrade Okpokwu Ogenyi, who spoke with newsmen on Friday in Abuja on the planned protest, commended Nigerians for their trust for a government whose interest is of the common man