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Tag: fuel subsidy

Subsidy: Daily fuel usage drops from 66m to 41m - Report
Business

Subsidy: Daily fuel usage drops from 66m to 40m – Report

The withdrawal of fuel subsidies, announced by President Bola Tinubu on May 29, 2023, has cut Nigerians’ daily use of petrol from 66 million to 40 million. According to Vanguard, this information was made public by the governor of Abia State, Alex Otti, following the National Economic Council’s inaugural meeting on Thursday at the Presidential […]

Fuel subsidy is gone, Tinubu tells Nigerians
Opinion

Subsidy: Edwin Clark backs Tinubu, demands palliatives

By Wilson Adekumola   An elder statesman and South-South leader, Chief Edwin Clark, has backed President Bola Tinubu on fuel subsidy removal urging him to prioritise the provision of palliatives to cushion its effect.   The elder stateman made this disclosure while speaking with the News Agency of Nigeria in Abuja on Thursday.   President […]

Marketers predict more fuel queues due to pipeline vandalism
News

Group to stage June 12 protest over subsidy removal

A total of 120 civil society organizations have designated Monday, June 12, as a day of protest against fraud involving fuel subsidies and the increase in fuel prices after President Bola Tinubu’s statement that the subsidies will be removed. The Punch reported that the organizations claimed to have seen firsthand the suffering and chaos that the […]

Petroleum marketers demand lower fees, taxes
News

Petroleum marketers demand lower fees, taxes

The Depots and Petroleum Products Marketers Association of Nigeria has asked President Tinubu to eliminate, reduce, or suspend certain charges and levies until market stability is achieved. Nairametrics reported that this was stated by the Association during a meeting with the president on June 7. The president was given some expectations by the association’s chairman, Dame […]

Nigeria has best return on investments, Tinubu tells Indian investors
Uncategorized

Tinubu meets oil marketers over subsidy removal

Juliet Buna President Bola Tinubu is meeting with major oil marketers at the Aso Rock Villa in Abuja. According to Channels, the oil marketers were led by Governor Dapo Abiodun of Ogun State. The President’s meeting with the oil marketers comes amid the controversy and protests trailing the removal of subsidy on Premium Motor Spirit […]

Why FG should reveal names of subsidy beneficiaries - NLC
News

Why FG should reveal names of subsidy beneficiaries – NLC

The president of the NLC, Comrade Joe Ajaero, has demanded that the names of people and businesses that have received subsidies be made public. According to Nairametrics, he contended that a private limited business like the NNPCL shouldn’t have the power to set fuel pump prices. The NLC President claimed the argument that market forces are to […]

NLC Northwest Zone suggests N485,000 minimum wage for labourers
News

Subsidy: NLC won’t back down on planned strike, says official

The Federal Government, and by extension, the Nigerian National Petroleum Corporation Limited, must act appropriately by returning to the status quo, according to the Nigeria Labour Congress, which has stated that it will not withdraw its intended industrial action for Wednesday. Independent News reported that NLC reaffirmed its stance in a statement released on Sunday by the Head […]

Queues return as IPMAN opposes Tinubu subsidy removal
Policy and Regulations

Subsidy: IPMAN commends FG over approval for private importers

The Independent Petroleum Marketers Association of Nigeria has commended the Federal Government for approving the importation of petroleum products by private firms.   The chairman of IPMAN Enugu Depot Community, in charge of Anambra, Ebonyi and Enugu States, Chinedu Anyaso, said this while reacting to the development in Awka on Sunday, according to the News […]

Logo of the Trade Union Congress
News

Subsidy: FG meets TUC

The Federal Government is in a meeting with the Trade Union Congress at the State House, Abuja, over the removal of fuel subsidy.   The News Agency of Nigeria reported that the TUC Secretary General, Nuhu Toro, made the disclosure while speaking with newsmen on Sunday.   The meeting is a follow-up to the earlier […]

News

Okonjo-Iweala narrates ordeal with fuel subsidy cabal

The current Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala has said that the concept of fuel subsidy removal isn’t new as she narrated her ordeal with a fuel subsidy cabal. According to Vanguard, while she served as the Coordinating Minister of the Economy and Minister of Finance, the removal of fuel subsidies […]

Court upholds NMDPRA's authority to impose statutory taxes
Economy

Subsidy: Why FG won’t fix petrol prices again, NMDPRA reveals

By Wilson Adekumola   The Nigerian Midstream and Downstream Petroleum Regulatory Authority has explained the reasons Federal Government would no longer fix prices or release templates for Premium Motor Spirit popularly known as petrol.   The Authority Chief Executive Mr Farouk Ahmed, made this disclosure while addressing newsmen in Abuja on Friday, noting that in […]

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