Tag
FUEL SUBSIDY REMOVAL IN NIGERIA
Removing the subsidy days or weeks before the swearing-in of the incoming government could result in massive labour unrest
The controversy on the removal of fuel subsidy has continued unabated as Nigeria’s Minister of Finance, Budget and...
The Minister of Information and Culture, Lai Mohammed, has promised to consult with relevant departments and ministries in...
Countries globally spend $423 billion of taxpayers money on subsidizing fossil fuel use every year. Achim Steiner, head...
Subsidy removal would free up the much-needed funds to be channeled into critical sectors of the economy.
The Federal Government has given reasons why it stopped subsidy on fuel and fully deregulated the downstream sector of the petroleum industry.
Nigeria has finally bowed to long-standing pressure to restructure the downstream segment of the Nigerian oil industry through the removal of fuel subsidy.
The Presidency yesterday announced a reduction in the price of Premium Motor Spirit (PMS) to N125 from the current price of N145.
Earlier this week while delivering a speech during the 3rd National Treasury Workshop organised by the Office of the Accountant General of the Federation, former CBN Governor, Sanusi Lamido, declared that Nigeria is "bankrupt and the country is heading to bankruptcy".
The Federal Government (@AsoRock) has responded to the recommendation of the International Monetary Fund (@IMFNews) that the subsidy on premium motor spirit (otherwise known as fuel) should be removed.