FG Denies Budgeting N5.4 trillion for fuel subsidy in 2024
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has debunked reports that the federal government made a N5.4 trillion provision for fuel subsidy for 2024.
This is contained in a statement by...
IMF to FG: Remove Implicit Fuel, Electricity Subsidies
The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies.
In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three per...
Fuel Subsidy Withdrawal Saved us from Bankruptcy – Tinubu
President Bola Tinubu says the removal of the petrol subsidy was necessary to prevent Nigeria from going bankrupt.
The president had announced the removal of the subsidy on May 29, 2023 — a development that immediately led...
Fuel Subsidy: Queues Return As Backlog Stifles Supply
Motorists in some parts of Lagos faced a resurgence of petrol queues on Thursday as the Nigerian National Petroleum Company Ltd (NNPC) struggled to meet national demand due to a backlog of unpaid subsidies.
The NNPC Ltd, which...
Tinubu: Smugglers, Old Subsidy Recipients Will Strike Against Subsidy Withdrawal
President Bola Ahmed Tinubu has stated that the nation’s treasury is sacrosanct and must not be abused, assuring that his administration will deploy resources to critical sectors and areas with significant impact on the welfare...
Tinubu: Smugglers, Old Subsidy Recipients Will Strike Against Subsidy Withdrawal
President Bola Ahmed Tinubu has stated that the nation’s treasury is sacrosanct and must not be abused, assuring that his administration will deploy resources to critical sectors and areas with significant impact on the welfare...
