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Fuel Subsidy
Subsidy Removal: Nigerians To Benefit From $800m W’Bank Palliative
The Federal Government has secured $800m from the International Bank for Reconstruction and Development (a.k.a, the World Bank), to provide post-petroleum subsidy palliatives...
Petrol, Electricity Subsidies Hurting Poor Nigerians – W’Bank
The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was contained in a...
Fuel Subsidy Hits N1.593tn, Refinery Rehabilitation Gulps N54.66bn
Latest data on the amount spent in subsidising Premium Motor Spirit, popularly called petrol, seen in Abuja on Monday showed that the government...
Fuel Subsidy Puts Nigerian Economy At High Risk –World Bank
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance...
National Assembly Approves N4tn For Petrol Subsidy
The National Assembly has passed amendments to the 2022 Appropriation Act which raised the subsidy on Premium Motor Spirit (petrol) by N442.72bn, from...
Negotiations With Labour On Fuel Subsidy Removal Still Ongoing – FG
Minister of State for Petroleum, Timipre Sylva The Federal Government is still in negotiations with the organised labour as regards the removal of...
We’ve Quietly Removed Electricity Subsidy, Fuel Subsidy To Follow – FG
Minister of Finance, Mrs Zainab Ahmed The Minister of Finance, Mrs Zainab Ahmed, has revealed how the Federal Government quietly removed the subsidy...
Fuel Scarcity: NEITI Blames Subsidy, Ex-depot Price Hits N180/Litre
The Nigeria Extractive Industries Transparency Initiatives, an agency of the Federal Government, on Monday, blamed the over three-week scarcity of Premium Motor Spirit,...
