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Tag "petrol subsidy"

‘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 have been difficult to carry out meaningful development. Mohammed Malagi,

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Zero subsidy: More revenue and cessation of gubernatorial whining

    Zero subsidy: More revenue and cessation of gubernatorial whining

It is a rarity, to see Nigerian political elites, across parties, have a consensus on an issue of national importance, like they did on the need to remove petrol subsidy,

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Why 2024 budget cannot deliver on promised ‘renewed hope’

    Why 2024 budget cannot deliver on promised ‘renewed hope’

Read the first part here. As Budget 2024 continues to generate comments, it will be instructive to look at the current state of the economy. Inflation is inching towards 30%

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Minister: Removal of petrol subsidy is crucial to sustainable future… change takes time

    Minister: Removal of petrol subsidy is crucial to sustainable future… change takes time

The federal government says the removal of the petrol subsidy was a crucial step to a sustainable future for the country. Speaking at a press conference in Abuja on Thursday,

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World Bank hints at ‘partial return’ of subsidy in Nigeria, says petrol should cost N750/litre

  World Bank hints at ‘partial return’ of subsidy in Nigeria, says petrol should cost N750/litre

The World Bank says Nigeria’s petrol should be priced at N750 per litre at the pumps. Alex Sienaert, the bank’s

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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

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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

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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

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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

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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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