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Tag: fuel subsidy

HURIWA criticizes NBS over unemployment data
News

HURIWA knocks Tinubu over subsidy removal

The Human Rights Writers Association of Nigeria has denounced Tinubu’s declaration to eliminate fuel subsidy, saying it is autocratic and unlawful. Arise News reported that the national coordinator of HURIWA, Emmanuel Onwubiko, criticized the decision to end fuel subsidies in a statement as being careless, foolish, and insensitive. The rights organization asked the labor movement and civil rights […]

Four consortia to repair deteriorated pipelines - NNPCL
Oil and Gas

Fuel subsidy: NNPCL cautions against panic-buying

The Nigerian National Petroleum Company Limited has stated that prospective increases in petrol prices are insufficient justification for Nigerians to indulge in panic-buying.. According to Nairametrics, the Group Chief Executive Officer of the NNPCL, Mele Kyari, made this statement to the press on Monday. He claimed that the NNPCL is present to make sure that there is […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
Opinion

Subsidy removal: IPMAN blames panic-buying for resurgence of queues

The Independent Petroleum Marketers Association of Nigeria has attributed the sudden resurgence of queues at petrol stations in parts of the country to panic-buying.   PUNCH Metro had on Monday reported that queues for petrol resurfaced in parts of the country shortly after the President, Bola Ahmed Tinubu, announced the cancellation of petrol subsidy.   […]

Queues return as IPMAN opposes Tinubu subsidy removal
featured

Queues return as IPMAN opposes Tinubu subsidy removal

  President Bola Tinubu’s plan to execute his predecessor’s decision to withdraw fuel subsidy by the end of June has been met with opposition from the Independent Petroleum Marketers Association of Nigeria. AM Business on Monday reported that Tinubu said in Abuja that his government would end petroleum subsidy payments. He argued that the Federal […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
News

Petrol queues surface in Lagos, Abuja after Tinubu’s subsidy announcement

  Residents of Lagos have started experiencing another rounds of long queues in various petrol stations following the announcement of the fuel subsidy removal by President Bola Tinubu. AM Business reported that Tinubu, in his inaugural speech shortly after his swearing-in in Abuja, declared that “fuel subsidy is gone”. He claimed that the budget he […]

Fuel subsidy is gone, Tinubu tells Nigerians
featured

Fuel subsidy is gone, Tinubu tells Nigerians

Fuel subsidy is gone, says Tinubu President, Bola Tinubu has stated that there will be no more fuel subsidy in Nigeria. He stated this during his official inauguration speech after his swearing in at the Eagle’s Square, Abuja on Monday. “The fuel Subsidy is gone. It is unjustifiable…..we shall rechannel the funds to education and […]

FG, AfDB discuss Coastal, trans-sahara highway projects funding
Economy

Fuel Subsidy: Nigeria’s economy lost $10bn in 2022 – AfDB

The president of the African Development Bank, Akinwumi Adesina has said that Nigeria’s economy lost 10 billion dollars due to fuel subsidies in 2022. According to the News Agency of Nigeria, at a speech in Abuja, Adesina claimed that Nigeria’s fuel subsidies assist the wealthy rather than the poor. The poorest 40% of the population, […]

NACCIMA, EU partner on business innovation
Oil and Gas

FG needs to fix Nigeria’s refineries – NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, has called on the Federal Government to urgently fix the four refineries which have been in comatose for the past 16 years. The President of the association, John Udeagbala, said this should be done so as to end petroleum products importation into the country. […]

Fuel scarcity eases gradually after five months
Business

FG to pause fuel subsidy removal

The National Economic Council announced in Abuja on Thursday that it has reached an agreement not to remove the petrol subsidy planned in June 2023. According to The Punch, this was disclosed by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, to journalists at the State House shortly after the final Council […]

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