Tag: Fuel Subsidy
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Reps summon auditor-general over NNPC fuel subsidy payment documents
The House of Representatives has summoned the Auditor-General of the Federation (AGF) to appear before it on Aug. 30, for an explanation of fuel subsidy payments between 2013 and 2022. The lawmakers want the auditor-general to provide documentary evidence on the audit carried out on the
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Reps summons Finance minister, Hajia Zainab over petrol subsidy
The House of Representatives has ordered the Minister of Finance, Budget, and National Planning Hajia Zainab Ahmed, to provide all documents relating to subsidies from 2013 till the present. The order to provide all documents at the ministry’s disposal was given by Rep Ibrahim Aliyu, Chairman, Special ad hoc committee investigating Petroleum Subsidy regime when…
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Fuel subsidy: Oando, AA Rano, Sahara Energy, others deny receiving payments
Oando Plc, AA Rano, Sahara Energy Resources, Hyde have all denied involvement in fuel subsidy payments before the House of Representatives ad hoc committee investigating subsidy regime. The oil companies said they only lifted crude oil and we’re not part of subsidy payment by the Nigerian National Petroleum Company (NNPC) Ltd. The representatives of the…
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Fuel Subsidy Probe: Profile of 23 Oil Companies not in CAC – Reps
… as Reps vow to unearth them The House of Representatives Ad-hoc Committee investigating subsidy regime payments from 2013 to 2022 has said that the profiles of 23 oil companies trading in Nigeria were missing from Corporate Affairs Commission, CAC portal. The Chairman of the Committee, Hon. Mustapha Ibrahim Aliyu, at the resumed hearing…
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BREAKING: FG to spend N6.72 trillion on fuel subsidy in 2023
Nigeria’s federal government (FG) has said it would make a provision of N6.72 trillion for fuel subsidy in 2023. TheNewsGuru.com (TNG) reports the Minister of Finance Budget and National Planning, Mrs Zainab Ahmed disclosed this in Abuja on Thursday.
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Reps take action to probe subsidy payments under Buhari
The House of Representatives has resolved to investigate payments for subsidies on petroleum products primarily Premium Motor Spirit popularly known as petrol under the regime led by President, Muhammadu Buhari.
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Why we did not remove fuel subsidy – Buhari reveals
With the current fuel scarcity arising in some parts of the country, President Muhamamdu Buhari has revealed why his government has decided not to remove fuel subsidies. In an interview with Bloomberg, the president explained what will be the effects on the country if his administration decides to remove fuel subsidies. Buhari stated that they…
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Why can’t FG take N200bn from N4trn budgeted for fuel subsidy to end Universities lecturers strike – ASUU
The President, Academic Staff Union of University, Prof Emmanuel Osodeke, has wondered why the Federal Government could not take N200bn from the N4trillion budgeted for fuel subsidy to put an end to the industrial action. Speaking on Wednesday, Osodeke said, “It is always funny that the government cannot raise N200bn to revamp all Nigeria’s…
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Reps approve N4trn for fuel subsidy as Police get N182 bn salary increase
The sum of N4 trillion has been approved for fuel subsidy by the House of Representatives on Thursday in the revised 2022 Medium-Term Expenditure Framework (MTEF) sent by President Muhammadu Buhari on April 7. Similarly, the sum of N182 billion was passed as an increment for the Nigeria Police Force (NPF) salary, while it also…
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FG quietly ends electricity subsidy
The federal government (FG) of Nigeria has quietly removed electricity subsidy, the Minister of Finance, Mrs Zainab Ahmed has revealed.