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Tag "subsidy removal"

Musings on subsidy removal

    Musings on subsidy removal

BY MICHEAL BUNUJU When subsidy on premium motor spirit (petrol) started in Nigeria in the 1970s as a response to the oil shock of 1973, the idea was to cushion

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Like Kwara, Edo reduces working days to three over petrol price hike

    Like Kwara, Edo reduces working days to three over petrol price hike

The Edo government has announced the reduction of work days from five to three to cushion the effect of the petrol subsidy removal on civil servants. In a statement on

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Court stops NLC, TUC from embarking on strike over petrol subsidy removal

    Court stops NLC, TUC from embarking on strike over petrol subsidy removal

The National Industrial Court of Nigeria, Abuja division, has restrained the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) from embarking on strike over the removal of petrol

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NLC: Petrol subsidy removal would have set Nigeria on fire — FG has seen the light

    NLC: Petrol subsidy removal would have set Nigeria on fire — FG has seen the light

Labour unions have described the federal government’s decision to suspend the removal of petrol subsidy as the “best option”. The federal government had earlier planned to stop subsidy payments on

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FG to disburse $800m to 50m Nigerians as palliative for petrol subsidy removal

  FG to disburse $800m to 50m Nigerians as palliative for petrol subsidy removal

The federal government says it has secured the sum of $800 million from the World Bank, as part of its

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Mexico suspends subsidy to stop Americans from crossing border for cheaper petrol

  Mexico suspends subsidy to stop Americans from crossing border for cheaper petrol

Mexico has suspended petrol subsidy in states close to the US border in a bid to stop Americans from driving

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One thousand lies and one thousand reasons to protest

  One thousand lies and one thousand reasons to protest

BY OMOLE IBUKUN A few days ago, after assessing how much Nigerians were mobilising to protest the increment in the

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NGF: States to clear ALL outstanding pensions after petrol subsidy removal

  NGF: States to clear ALL outstanding pensions after petrol subsidy removal

The Nigeria Governors’ Forum (NGF) says states will clear all outstanding pension liabilities after the removal of fuel subsidy in

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‘More expensive than subsidy’ — is FG’s N5,000 transport grant dead on arrival?

  ‘More expensive than subsidy’ — is FG’s N5,000 transport grant dead on arrival?

Zainab Ahmed, minister of finance, budget, and national planning, said on Tuesday that the federal government would remove fuel subsidy

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IMF advises FG to remove fuel, electricity subsidies early 2022

  IMF advises FG to remove fuel, electricity subsidies early 2022

The International Monetary Fund (IMF) has advised the federal government to completely remove subsidies on fuel and electricity in early

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