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Tag "petrol subsidy"

FG now spends N600bn monthly on petrol subsidy, Rainoil CEO claims

    FG now spends N600bn monthly on petrol subsidy, Rainoil CEO claims

Gabriel Ogbechie, chief executive officer (CEO) of Rainoil Limited, claims the federal government (FG) now spends N600 billion on petrol subsidy monthly. Ogbechie spoke on Tuesday during the Stanbic IBTC

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El-Rufai: FG paying more money on petrol subsidy than before

    El-Rufai: FG paying more money on petrol subsidy than before

Nasir el-Rufai, former governor of Kaduna state, says the federal government is spending more on petrol subsidy than before. President Bola Tinubu, in his inauguration speech on May 29, 2023,

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Report: NNPC owes $3bn backlog on petrol payments to fuel traders

    Report: NNPC owes $3bn backlog on petrol payments to fuel traders

The Nigerian National Petroleum Company (NNPC) Limited owes around $3 billion to fuel traders for imported petrol. According to Reuters on Monday, three sources confirmed the development. The debt is

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Petrol subsidy removal too sudden… Nigeria was already on its knees, says SDP chair

    Petrol subsidy removal too sudden… Nigeria was already on its knees, says SDP chair

Shehu Gabam, national chair of the Social Democratic Party (SDP), says the removal of subsidy on petrol was “too sudden” because the country was already on “its knees”. Gabam spoke

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Tinubu: Beneficiaries of petrol subsidy will fight back — but we’ll defend Nigerians

  Tinubu: Beneficiaries of petrol subsidy will fight back — but we’ll defend Nigerians

President Bola Tinubu says those who benefitted from the old regime of payment of petrol subsidy and smugglers will fight

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‘From 3 years to 6 months’ — FG reduces oil and gas contract timelines

  ‘From 3 years to 6 months’ — FG reduces oil and gas contract timelines

President Bola Tinubu has directed a reduction of the oil and gas contract timeline from three years to six months.

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Falana to FG: Tell Nigerians if fuel subsidy has been restored

  Falana to FG: Tell Nigerians if fuel subsidy has been restored

Femi Falana, senior advocate of Nigeria (SAN), has challenged the federal government to confirm or deny if petrol subsidy has

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Tinubu: Removal of petrol subsidy challenging — but necessary to secure Nigeria’s future

  Tinubu: Removal of petrol subsidy challenging — but necessary to secure Nigeria’s future

President Bola Tinubu says the removal of petrol subsidy was a challenging but necessary decision to secure the country’s energy

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Gbaja: Everyone agreed to removal of petrol subsidy | Tinubu erecting economic fundamentals

  Gbaja: Everyone agreed to removal of petrol subsidy | Tinubu erecting economic fundamentals

Femi Gbajabiamila, chief of staff to the president, says Nigerians and the top presidential candidates in the 2023 election, agreed

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‘Things would have been worse’ – FG defends petrol subsidy removal

  ‘Things would have been worse’ – FG defends petrol subsidy removal

The federal government says the removal of petrol subsidy was in the best interest of the country as it would

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