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Tag "Fuel subsidy"

Fuel subsidy removal and the concept of change

    Fuel subsidy removal and the concept of change

BY JEROME-MARIO UTOMI It is common knowledge that the Nigeria Labour Congress (NLC) recently rejected the federal government’s proposed N5,000 grant for 40 million poor Nigerians when the subsidy on

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N5,000 for subsidy removal: Robbing Nigerians to pay Nigerians

    N5,000 for subsidy removal: Robbing Nigerians to pay Nigerians

“The subsidy regime in the [oil] sector remains unsustainable and economically disingenuous. Ahead of the target date of mid-2022 for the complete elimination of fuel subsidies, we are working with

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‘Why pay N5000 and subject me to perpetual suffering?’ — NLC rejects proposed fuel price hike

    ‘Why pay N5000 and subject me to perpetual suffering?’ — NLC rejects proposed fuel price hike

The Nigeria Labour Congress (NLC) has rejected the proposed N5,000 for 40 million poor Nigerians when the subsidy on Petroleum Motor Spirit (PMS) is removed. Ayuba Wabba, president of the

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‘We can’t continue’ — Zainab Ahmed says Nigeria losing N250bn monthly to fuel subsidy

    ‘We can’t continue’ — Zainab Ahmed says Nigeria losing N250bn monthly to fuel subsidy

Zainab Ahmed, minister of finance, budget and national planning, says the government can no longer sustain petrol subsidy payments which currently stand at about N250 billion monthly. Briefing state house

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El-Rufai: Cameroon shut down refinery because of cheap fuel from Nigeria

  El-Rufai: Cameroon shut down refinery because of cheap fuel from Nigeria

Nasir el-Rufai, governor of Kaduna, says Cameroon has closed down its refinery due to the cheap fuel they are getting

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Kill subsidy, cut CBN loans, raise ‘sin’ taxes… 7 things World Bank wants Buhari to do in 2022

  Kill subsidy, cut CBN loans, raise ‘sin’ taxes… 7 things World Bank wants Buhari to do in 2022

The World Bank on Tuesday released its November 2021 Nigeria Development Update, which showed — among other things — that

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Zainab Ahmed: FG will replace fuel subsidy with N5,000 transport grant for 40m Nigerians

  Zainab Ahmed: FG will replace fuel subsidy with N5,000 transport grant for 40m Nigerians

Zainab Ahmed, minister of finance, budget and national planning, says Nigeria will remove fuel subsidies by 2022 and replace them

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Zainab Ahmed: FG will pay Nigerians transport allowance after fuel subsidy removal

  Zainab Ahmed: FG will pay Nigerians transport allowance after fuel subsidy removal

Zainab Ahmed, minister of finance, says the federal government will pay Nigerians transport allowance after removing fuel subsidy. Speaking during

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PPMC: Petrol subsidy will escalate to N3tn annually under current market conditions

  PPMC: Petrol subsidy will escalate to N3tn annually under current market conditions

The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), says the annual subsidy on

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