Tag: Fuel Subsidy
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Subsidy removal: Consumption of fuel in Nigeria drops by 28 per cent – NMDPRA
by President Bola Tinubu, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has revealed that the average daily consumption of fuel in Nigeria has fallen by no fewer than 28 percent.
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N400bn fuel subsidy savings: Urgently publish details of spending – SERAP writes Tinubu
Following the report that federal government has saved N400bn within the four weeks of implementation of the policy on the removal of payment of subsidy on petrol, the Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his good offices and leadership position to “urgently publish details of spending. SERAP urged…
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Subsidy removal: Nigeria’s inflation expected to reach 25 per cent – World Bank
As the fuel subsidy removal takes toll, the World Bank has predicted a significant rise in Nigeria’s inflation rate. The Washington-based bank revealed this in its June 2023 edition of the Nigeria Development Update. The bank predicts that the inflation rate will hit 25% in the coming months, attributing this surge to the adverse impact…
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IPMAN speaks on selling petrol for N700 per litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known as petrol to N700 per litre nationwide.
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State Govs pledge to complement FG’s relief initiatives for Nigerians
State Governors in the country have pledged to complement the Federal Government’s initiatives aimed at providing relief to Nigerians.
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PDP commends Tinubu on subsidy removal, naira policy
The leadership of Peoples Democratic Party (PDP) in Edo, on Thursday, commended President Bola Tinubu for his decision to remove subsidy from Petrol and free-float the Naira currency. The chairman of the State chapter of the party, Dr. Tony Aziegbemi, gave the
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Why I rejected fuel subsidy, arbitrary exchange regime – President Tinubu
President Bola Tinubu has said he will not partake in the economic destruction of the country by enemies of the nation.
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Fuel subsidy had to be removed – Gov Abiodun
Gov. Dapo Abiodun of Ogun on Wednesday urged Nigerians to be more patient with President Bola Tinubu’s administration, saying the fuel subsidy had to be removed for Nigeria’s economy to survive. The governor made the appeal while speaking with
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I was possessed, subsidy removal not included in my inaugural speech – Tinubu
President Bola Tinubu has disclosed that his speech writers led by Wale Edun did not include the removal of fuel subsidy payments in his inaugural speech on inauguration day.
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We will make more pronouncements on the economy soon – VP Shettima
Vice President Kashim Shettima has disclosed that the administration is going to make more pronouncements on how to reposition the Nigerian economy soon.