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Tag "petrol subsidy"

Reps committee to audit petrol subsidy regime

    Reps committee to audit petrol subsidy regime

The house of representatives committee on petroleum resources (downstream) says it plans to conduct a comprehensive audit of the petrol subsidy regime in the country. Ikeagwuonu Ugochinyere, chairman of the

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Return of fuel queues and return of subsidy?

    Return of fuel queues and return of subsidy?

There is palpable tension at petrol stations all over Lagos and spreading fast across the nation. Scarcity looms ominously. And queues have surfaced yet again. But this, actually, is one

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Petrol subsidy was removed for Nigeria not to collapse, says Tinubu

President Bola Tinubu says the removal of subsidy on petrol was imperative to prevent Nigeria’s collapse. On assuming office in May, Tinubu, in his inauguration speech, said the subsidy on

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OPEC: Petrol exports to W’Africa dropped by 28% due to Nigeria’s subsidy removal

    OPEC: Petrol exports to W’Africa dropped by 28% due to Nigeria’s subsidy removal

The Organization of Petroleum Exporting Countries (OPEC) says the end of petrol subsidy in Nigeria contributed to the decline in fuel exports to West Africa. President Bola Tinubu had announced

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‘We’re recovering full cost on imports’ — NNPC says no subsidy on petrol

  ‘We’re recovering full cost on imports’ — NNPC says no subsidy on petrol

The federal government says it is not paying any form of subsidy on petroleum motor spirit (PMS), also known as

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‘We mustn’t go back’ — marketers caution FG against reintroducing subsidy

  ‘We mustn’t go back’ — marketers caution FG against reintroducing subsidy

Oil marketers have cautioned the federal government against the reintroduction of the petrol subsidy regime. They made the call during

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‘Gains already visible’ — CSO lauds Tinubu for ending subsidy regime

  ‘Gains already visible’ — CSO lauds Tinubu for ending subsidy regime

The Centre for Policy Advocacy and Transparency (CPAT) says the gains of the removal of the petrol subsidy by President

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‘Where is the money saved?’ — TUC asks FG to account for subsidy removal gains

  ‘Where is the money saved?’ — TUC asks FG to account for subsidy removal gains

Festus Osifo, the president of the Trade Union Congress (TUC), says the federal government has questions to answer as regards

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Mustafa Chike-Obi: FG’s finances would’ve become unmanageable if subsidy remained

  Mustafa Chike-Obi: FG’s finances would’ve become unmanageable if subsidy remained

Mustafa Chike-Obi, former chief executive officer (CEO) of Asset Management Corporation of Nigeria (AMCON), says the finances of the federal

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Wike: FCTA considering using N5bn subsidy palliative for transportation, food

  Wike: FCTA considering using N5bn subsidy palliative for transportation, food

Nyesom Wike, minister of the federal capital territory (FCT), says his administration is considering using the N5 billion earmarked to

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