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Tag "petrol subsidy"

The chronic pains of delayed adjustments

    The chronic pains of delayed adjustments

I was filled with regrets after watching a documentary by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) titled ‘Fuel Subsidy: Lifting a Nation’s Burden’. I started ruminating

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Shettima: Petrol subsidy, multiple exchange rates were producing billionaires overnight

    Shettima: Petrol subsidy, multiple exchange rates were producing billionaires overnight

Vice-President Kashim Shettima says President Bola Tinubu ended petrol subsidy and multiple exchange rates in the official market because they were producing billionaires overnight. Shettima spoke during a courtesy visit

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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

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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”

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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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