Tag: Fuel Subsidy
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Fuel subsidy palliatives yet to be concluded with govs – FG
The Federal Government has said efforts to set up palliative measures, ahead of the June 2023 deadline for the discontinuation of the petrol subsidy, are yet to be concluded with states. It, however, said concerned committees would soon conclude discussions with key stakeholders as the administration winds down. The Minister of State for Budget and…
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Fuel subsidy now above N400bn monthly – NNPCL
The Nigerian National Petroleum Company Ltd. (NNPCL) has disclosed that the amount being spent as subsidy on Premium Motor Spirit (PMS), popularly called petrol, had crossed N400 billion monthly. Malam Mele Kyari, NNPCL’s Group Chief Executive Officer, disclosed
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SUBSIDY: How FG mandated reduction of petrol price- Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has revealed that the current price of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited is based on the mandate from the Federal Government as regards PMS subsidy. Sylva remarks came as oil marketers stated that the supply hitches in…
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#NigeriaDecides2023: Fuel subsidy will go immediately if I’m elected president – Peter Obi
Candidate of the Labour Party for the 2023 presidential election, Mr Peter Obi has said fuel subsidy payments will go immediately if he is elected president of Nigeria.
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Why Buhari failed to remove fuel subsidy – Femi Adesina
Despite describing it as a fraud, President Muhammadu Buhari has failed to remove fuel subsidy payments as he promised prior to the 2015 general election.
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Fuel subsidy to go by June 2023 – Finance Minister insists
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the Federal Government will do away with petroleum subsidy by June 2023.
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NLC reiterates position on removal of petrol subsidies
The Nigerian Labour Congress (NLC) has reiterated its position on the removal of petrol subsidies, saying that it has not changed.
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Petrol Subsidy Costs N18.39bn Daily – Finance Minister
The Minister of Finance, Zainab Ahmed, has put the projected daily payment for fuel subsidy at N18.39 billion. She stated this during an investigative hearing of the House ad hoc committee which is investigating the petroleum subsidy regime between 2017 to 2021. “The total amount of subsidy per day is 18.397 billion per day. Also…
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Ending petrol subsidy extremely difficult but inevitable – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option in light of current economic realities.
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What FG should do to remove fuel subsidy – TUC president
Mr Festus Osifo, president, Trade Union Congress (TUC), says Nigerians are not averse to the removal of subsidy on Premium Motor Spirit (PMS) but waiting for the government to win their trust over the issue.