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Subsidy

Labour fumes, berates Inauguration Day announcement of fuel subsidy removal

It was scathing as it was subdued, but President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, left no one in doubt as...

Inauguration Day Bombshell: Tinubu removes fuel subsidy; showdown imminent with labour unions

Inexplicably, there was resounding applause when President Bola Tinubu announced that there would no longer be subsidy for Premium Motor Spirit (PMS, popularly known...

Why FG shifts removal of fuel subsidy, NEC praises Osinbajo

The federal government) has shelved plans to remove subsidy on Premium Motor Spirit (PMS), commonly called petrol, until a new administration takes over the...

Senate receives Buhari’s request for additional 2.557trn for petrol subsidy in 2022 Act 

The Senate has received a request from President Muhammadu Buhari to amend the 2022 Appropriation Act passed by the National Assembly in December, 2021. The...

Independent oil marketers back plan to remove petrol subsidy by 2022

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has given its support to the Federal Government’s plan to remove subsidy on Premium Motor Spirit...

(Video) Petrol: FG considers N234 per litre, but Labour says it’s a joke for Nigerians to pay for govt’s inefficiency

The Federal Government is boldly getting out of its denial of paying subsidy of a whopping N1 trillion annually on petrol, even as a...

In 3 Years, NNPC Paid Itself N1.53trn As Subsidy On Petrol

The Nigerian National Petroleum Corporation, NNPC, paid itself N1.53 trillion as subsidy on Premium Motor Spirit, PMS, also known as petrol, in three years...

(Opinion) Fuel Subsidy Removal: The Needless Furore

By Maryam I. ShettimaMr President is in the eye of the storm recently for bravely realizing the inevitable expungement of the fuel subsidy in...

(Opinion) The crude arithmetic of dishonest petroleum pricing

By Farouk Adejoh-AuduIn January 2012 international crude price had stabilized at $140...Jonathan's government declared it was removing subsidy and NNPC announced a new pump...

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