The federal government says it is considering how best to achieve petrol subsidy removal without disrupting livelihoods in Nigeria Gabriel Aduda, permanent secretary at the ministry of petroleum resources, spoke
Tag "petrol subsidy payments"
The Nigerian National Petroleum Company (NNPC) Limited says the country’s petrol subsidy regime has been “fuelling the vicious cycle of poverty” in the nation. According to the National Bureau of
The Concerned Northern Forum (CNF), in conjunction with some civil society groups, has called on President Muhammadu Buhari to remove the subsidy on petrol. The group also kicked against the
On Thursday, the national assembly approved the request of President Muhammadu Buhari to earmark N4 trillion for petrol subsidy in 2022. Subsidy or under-recovery is the underpriced sales of premium
The federal government says it will use $2.2 billion of the fund raised via eurobond to cater for petrol under-recovery
SBM Intelligence, a geopolitical research firm, says despite petrol subsidy payments, transport costs and petrol prices increased disproportionally from 2017
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