Tag: Fuel Subsidy
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N2.2bn subsidy scam: Ex-PDP chairman’s son, accomplice jailed 14 years
An Ikeja Special Offences Court on Tuesday sentenced Mamman Ali and Christian Taylor to 14 years’ imprisonment each over a N2.2 billion oil subsidy fraud.
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Wake up Nigerians – Another N7.74 trillion fuel subsidy fraud is here – By Godwin Etakibuebu
The news broke just a few days ago that the Downstream price war between the Dangote Refinery and the Federal Government owned Four Refineries – Port Harcourt Refineries [they are two there], Warri Refinery
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Borno govt to pay fuel subsidy for 5,000 farmers
The Borno government has announced plans to subsidise fuel at N600 per litre to 5,000 farmers in communities hit by Boko Haram insurgents in the state.
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No regret removing fuel subsidy – President Tinubu
President Bola Ahmed Tinubu on Monday said he had no regret removing fuel subsidy. The president, who stated this during his first media chat, said fuel subsidy removal was necessary to prevent the country from bankruptcy.
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Tinubu appraises self, says, my decision to remove fuel subsidy is yielding positive results
President Bola Tiunbu has said that the removal of the oil subsidy by his administration was not to torment Nigerians but to save the country from total collapse. Recall the president announced the subsidy removal on the day of his inauguration on May 29, 2023, noted that the policy had been yielding positive results for…
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Nigeria undergoing reset through subsidy removal- Soludo
The Governor of Anambra State, Prof. Chukwuma Soludo, has stated that Nigeria is undergoing a fundamental and disruptive reset with the removal of subsidies by President Bola Tinubu.
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VIDEO: Watch Tinubu speak about fuel price with former NASS presiding officers
President Bola Tinubu on Friday met with former presiding officers of the National Assembly (NASS) under the aegis of the Forum of Former Presiding Officers of the National Assembly (NASS), led by Mr Ken Nnamani, former Senate President.
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NNPC Limited’s new nomenclature for subsidy – By Pius Mordi
When Muhammadu Buhari became president in 2015 he told Nigerians that subsidy for which Goodluck Jonathan was vilified when he sought a marginal increase in petrol pump price had been removed and effected a significant price increase, it did not take long before it emerged that subsidy was still being paid. No, its not subsidy.…
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Return of fuel subsidy: FG instructs NNPC not to sell petrol beyond regulated price
Nevertheless, what is obvious is that the Nigerian government is not selling petrol at the real market price determined by the landing cost. Whether it is “under recovery” as captured by the financial statements released by the NNPC Limited or “importation shortfall” as disclosed by Alhaji Ajiya, the government is yet subsidising the price of…
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Nothing like fuel subsidy, we’re simply paying shortfall on behalf of Nigerians-NNPCL
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that it has not paid fuel subsidies to any entity for the past nine years. This statement was made by Umar Ajiya, the Chief Financial Officer of NNPC Ltd., on Monday, August 19, during an address to the press. Ajiya emphasized that the company’s financial…