Tag: Fuel Subsidy Removal
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Analysis: Economic and business implications of fuel and FX subsidy removal
The removal of fuel subsidies and adoption of a more flexible exchange rate system had been significant policy considerations in Nigeria for many years, with the goal of improving efficiency, reducing fiscal pressures, attracting investments, and promoting economic growth. The Nigerian government in the past subsidized fuel to cushion the impact of fluctuating global oil…
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Fuel Subsidy Removal: Again, FG, NLC set to meet in Abuja
Following fuel subsidy removal another round of meeting between the Representatives of the Federal Government and the leadership of the Nigeria Labour Congress, NLC have been scheduled for today Monday in Abuja. Recall that the NLC had initially threatened to embark on a nationwide strike before the National Inistrial Court NIC jettisoned the idea,
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Subsidy Removal: Oil Marketers Pledge N10 Billion Buses to Boost Mass Transportation
The Depot and Petroleum Products Marketers Association of Nigeria (DAPMAN) has announced plans to donate Compressed Natural Gas (CNG) compliant buses worth N10 billion. Chairperson of DAPMAN, Winifred Akpani, revealed this during a briefing with State House Correspondents after leading a delegation to the State House for a courtesy visit with President Bola Tinubu on…
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Subsidy Removal: UNILAG Management Addresses Surge in Campus Transportation Fares
In response to the outcry from students over a significant increase in campus transportation fares, the University of Lagos (UNILAG) management has issued a directive to regulate the cost of transportation within the campus and urged other vendors to maintain their existing prices until the end of June. The surge in transportation fares on campuses…
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Analysis: Amidst fuel hardship, food prices continue to soar in Nigeria
In the wake of the removal of fuel subsidy by President Bola Tinubu’s administration, Nigerians are grappling with an escalating challenge as food prices continue to soar. The combination of fuel hardship caused the removal of subsidies has had a significant impact on transportation costs, resulting in a sharp increase in the prices of essential…
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We will protest in the next seven days if fuel subsidy is not reversed – Grout tells Tinubu
A group operating under the auspices of the Free Nigeria Movement has called for immediate reversal of fuel subsidy removal by the government of President Bola Tinubu. The group has threatened to mobilize a mass protest if the President doesn’t revert to the old pump price of Premium Motor Spirit.
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Fuel Subsidy Removal: I support Tinubu on this – Charly Boy
Celebrity biker and socio-political activist Charles Oputa, known as Charly Boy has thrown his weight behind the decision of President Bola Tinubu to remove fuel subsidy. Since the president announced that subsidy is gone the price of fuel have skyrocketed with over 300 percent increase.
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Subsidy Removal: Nigerians Groan Over High Cost of Transportation, Commodities
Following President Bola Ahmed Tinubu’s announcement on May 29 regarding the removal of fuel subsidies, the cost of petrol has experienced a notable increase and this surge has directly impacted transportation expenses. TheNewsGuru.com (TNG) reports that the subsidy removal policy is part of the government’s efforts to address economic challenges, streamline expenditures, and promote fiscal…
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Keyamo speaks on fuel subsidy removal
Nigerian lawyer, columnist and human rights activist, Festus Keyamo has noted that President Bola Tinubu did not remove oil subsidy. According to Keyamo, Tinubu only inherited a budget that made no provision for fuel subsidy. Recall that during his inaugural speech at Eagles Square, Tinubu said fuel subsidy was gone.
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Sani lauds Tinudu over fuel subsidy removal
The former lawmaker representing Kaduna West, Senator Shehu Sani, has lauded President Bola Ahmed Tinubu for the removal of fuel subsidy, starting from June 1st, 2023. TheNewsGuru.com reports that the newly sworn-in president had, during his inaugural speech, said the subsidy is no longer sustainable in the country, stressing that it is gone.