Tag: Fuel Subsidy
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Fuel Palaver: NLC rejects new petrol pump price, says template is vexatious
… insists dialogue is in danger The Nigeria Labour Congress (NLC) has rejected the new pump price of petrol fixed by the Nigerian National Petroleum Corporation Limited (NNPCL), describing as a vexatious template. Daily Trust reports that the oil firm has directed its outlets nationwide to sell fuel between N480 and N570 per…
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NLC tells Tinubu what to do before removing fuel subsidy
The Nigeria Labour Congress (NLC) has urged President Bola Tinubu to put palliative measures in place before removing fuel subsidy.
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8 strategic considerations offered to Tinubu on fuel subsidy removal
The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded the political will and sincerity of purpose demonstrated by President Bola Tinubu in removing fuel subsidy.
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Fuel scarcity: Gov Oborevwori talks tough as petrol price hits N520 in Delta
Gov. Sheriff Oborevwori of Delta on Tuesday cautioned fuel marketers in the state against hoarding of Petroleum products especially Premium Motor Spirit (PMS) also known as petrol.
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Fuel subsidy impacting negatively on Nigeria’s economy – Shettima
Vice President Kashim Shettima has explained that the immediate past administration spent $10 billion on subsidizing fuel in 2022. According to him, the current administration is bent on ending fuel subsidy because of its negative implications for the country as a whole.
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Govt vows to seal fuel stations hoarding products
Osun State Government led by Governor Ademola Adeleke has vowed to seal off filling stations hoarding petrol. The state government threatened that: “Any fuel station found guilty of hoarding fuel to create artificial scarcity shall be sealed off and operators prosecuted for crime of economic sabotage,” the governor said in a statement on Tuesday by…
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Fuel subsidy removal: Lagosians lament price of petrol
Long queues resurfaced at some fuel stations in Lagos metropolis on Monday, with motorists in panic buying across the state.
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We don’t want promise and fail – NLC tells Tinubu
The Nigeria Labour Congress (NLC) has tasked President Bola Tinubu to ensure a speedy execution of all his policies for the betterment of the country.
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Hardship, fuel queues across Nigeria herald inception of Tinubu’s administration
Fuel queues have reappeared in Nigerian cities as motorists hurriedly seek petroleum products following President Bola Tinubu’s announcement that his administration will put an end to the fuel subsidy regime. This development comes shortly after Tinubu’s inaugural address at Eagle Square, Abuja, where he declared the termination of the petroleum subsidy, citing its unsustainability. In…
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Subsidy removal: We’ll ensure smooth transition – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working with NNPC Ltd. and other stakeholders to guarantee a smooth transition following the removal of fuel subsidy. Recalled President Bola Tinubu, in his inaugural speech on Monday, said the fuel subsidy regime