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Tag "Fuel subsidy"

Don’t increase fuel prices, it is a deadly trap for Nigeria (2)

The argument that government will deploy the savings from the removal of ‘subsidies’ to improve health, transportation, and other areas of our national life is a gratuitous insult to the

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Restarting the fuel subsidy war

    Restarting the fuel subsidy war

Mrs Zainab Ahmed, minister of finance, budget and national planning, dropped a familiar bombshell at the launch of World Bank Nigeria Development Update some weeks ago. Petrol subsidy was going

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N1trn in 10 months… how petrol subsidy payments put a dent on Nigeria’s revenue in 2021

The tenacious under-recovery of premium motor spirit (PMS), also known as petrol subsidy, created a messy revenue for the federation in 2021. Aside from the usual controversies about whether “to

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Subsidy payment gulps N131bn in November as NNPC remits N10bn to federation account

    Subsidy payment gulps N131bn in November as NNPC remits N10bn to federation account

The total contribution of the Nigerian National Petroleum Corporation (NNPC) to the federation account dropped to N10.54 billion in November as subsidy payment gulped a larger share of the revenue.

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NGF: States to clear ALL outstanding pensions after petrol subsidy removal

  NGF: States to clear ALL outstanding pensions after petrol subsidy removal

The Nigeria Governors’ Forum (NGF) says states will clear all outstanding pension liabilities after the removal of fuel subsidy in

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NNPC records ZERO revenue from oil export as subsidy gulps another N199bn

  NNPC records ZERO revenue from oil export as subsidy gulps another N199bn

The Nigerian National Petroleum Company (NNPC) says it recorded zero revenue from crude oil export as fuel subsidy gulped another

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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

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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

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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

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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

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