The Nigerian National Petroleum Company (NNPC) Limited says it expended N210.38 billion on petrol subsidy in January 2022. Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS),
Tag "petrol subsidy"
Civil Society Groups for Good Governance (CSGGG) has asked the federal government to fix the country’s refineries before removing subsidy on petrol. The government had planned to stop subsidy payments
Before going into the nitty-gritty of the implications of the continuous retention of fuel subsidy in our Nationa Budgets successively in the past four decades or so, and which by
When sound economic decisions run into political brick walls, the impact generates confusion of unimaginable proportions and, sometimes with it, loss of direction. If Senate President Ahmed Lawan had used
The People’s Alternative Political Movement (TPAP-M) has asked the federal government to provide details of the N3 trillion budgeted for
The federal government says it will propose 18 months extension to the national assembly for the implementation of the Petroleum
Olumide Akpata, president of the Nigerian Bar Association (NBA), says the decision to postpone petrol subsidy removal is about the
The federal government has postponed the planned petrol subsidy removal till further notice due to “high inflation and economic hardship”.
Petrol subsidy payments gulped N1.43 trillion in 2021, shrinking revenue accrued to the federation account to N542 billion — a
Lai Mohammed, minister of information and culture, says he will initiate a fact-finding process to determine the federal government’s exact
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