Tag: Fuel Subsidy Removal
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Subsidy: Nigerians face difficulty in accessing food items – Expert
Prof. Abdulazeez Lawal of the Department of Agricultural Economics and Farm Management of University of Ilorin (Unilorin) has submitted that removal of fuel subsidy and floating of the exchange rate has made many Nigerians face difficulty accessing food items.
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Fuel Subsidy Removal: FCTA begins distribution of palliatives to residents
As part of efforts to cushion the effects of the removal of fuel subsidy in the cpountry the Federal Capital Territory Administration on Tuesday, commenced the distributions of palliatives to poor and vulnerable residents of the territory.
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Analysis: Key metrics that shaped President Tinubu’s First 100 Days
President Bola Ahmed Tinubu’s first 100 days in office, have been marked by bold decisions aimed at addressing the country’s longstanding economic issues, but they have also brought immediate challenges for Nigerians. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Abdullahi Gumel, pointing to various activities undertaken during this period,…
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Fuel Subsidy Removal: Ex-Senate President, Lawan speaks on challenges
President of the 9th Senate, Senator Ahmad Ibrahim Lawan, has called on Nigerians to be hopeful in the face of challenges occasioned by the removal of petrol subsidy by the federal government, saying they would not be permanent.
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Gov. Obaseki and FG clash over subsidy removal
As the effects of subsidy removal continue to take a toll on the Nigerian populace, Governor Godwin Obaseki of Edo State has delivered a scathing critique of the federal government’s approach, asserting that they failed to develop a well-thought-out and workable strategy for the nation’s economic stability. Governor Obaseki’s remarks, made during a press conference…
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“We mean well for Nigerians” – Senate President Akpabio
The President of the Nigerian Senate, Godswill Akpabio, inadvertently stirred a controversy after a gaffe he made during a live-streamed plenary session went viral. Akpabio’s statement, in which he revealed the allocation of money to senators for their recess, ignited a wave of criticism and accusations. In the video clip, Akpabio while concluding the screening…
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FG, Labour Unions resume negotiations today
The ongoing negotiation between the Nigeria Labour Congress (NLC), the Trade Union Congress of Nigeria (TUC), and the government is set to continue today, as the nation grapples with the aftermath of protests triggered by the fuel subsidy removal. The union leaders are scheduled to meet with Representatives of government Tuesday after President Bola Tinubu…
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Analysis: Tinubu’s poverty plan underestimated, inadequate
Recent figures released by the National Social Safety-Net Coordinating Office (NASSCO) further raise doubts about the adequacy of the social welfare plan proposed by the Tinubu-led administration. According to NASSCO’s report, there are 15.7 million economically insecure households registered in the National Social Registry, which translates to over 60 million individuals facing economic hardship and…
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Subsidy removal: Tinubu approves infrastructure fund to aid states
President Bola Tinubu has approved the establishment of an Infrastructure Support Fund (ISF) for all 36 States in Nigeria as a measure to cushion the impact of petrol subsidy removal on citizens. This announcement was made during the monthly meeting of the Federation Account Allocation Committee (FAAC) held on Thursday in Abuja. President Tinubu’s approval…
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Woes, tears as Nigerians put Tinubu’s economic performance on a scale
Nigeria, Africa’s largest economy, is undergoing significant economic reforms under the leadership of President Bola Tinubu. With the aim of revitalizing the nation’s economy and creating a prosperous future, these reforms have brought about both opportunities and challenges for ordinary Nigerians. One of the key reforms implemented by the government was the removal of fuel…