fuel subsidy
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Newly sworn-in President, Bola Ahmed Tinubu has abolished fuel subsidy in Nigeria, saying it is no longer sustainable. He gave the directive at Eagle Square Abuja while delivering his maiden address to Nigerians. “On fuel subsidy, the budget I met before I assumed office and what I heard is that there is no […]
Peter Obi, presidential candidate of the Labour Party (LP), has described the petrol subsidy regime in Nigeria as “organised crime”. Obi said this on Sunday during a town hall meeting organised by Channels Television. Nigeria spent a total of N6.210 trillion on petrol subsidy, also called under-recovery shortfall, between 2013 to 2021. Last […]
The Nigeria Labour congress, NLC has rejected the Federal government’s planned fuel subsidy removal describing it as a ‘penny wise pound foolish’ gamble. The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, had on Tuesday announced at a World Bank event in Abuja that petrol would sell for between N320 […]
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