The return of fuel subsidy by Reuben Abati
I was away on vacation for just two weeks only to return to meet fuel queues still on the streets ...
Tag: Fuel Subsidy
News and analysis about fuel subsidy
Nigeria owes NNPCL N4.56 trillion for selling petrol at subsidized price
The Nigerian National Petroleum Company Limited (NNPCL) has informed the Federal Account Allocation Committee (FAAC) of an outstanding of N4.56 ...
NNPC contributes the most monthly tax revenue to Federation Account — Spokesperson
The Chief Communication Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, Olufemi Soneye, has revealed that the national oil ...
Fuel subsidy removal slashed domestic consumption of petrol by 50% – Idris Mohammed
The Minister of Information, Idris Mohammed, has said that Nigeria’s domestic consumption dropped from 2 billion of petrol by 50% ...
Tinubu tells Nigerians: Over N570 billion has been disbursed to 36 states for citizens’ livelihood support
President Bola Tinubu has stated that over N570 billion has been released to the 36 states of the federation to ...
Fuel subsidy was a cancer, killing Nigeria’s economy – Olubunmi Tunji-Ojo
The Minister of Interior, Olubunmi Tunji-Ojo, characterized the era of fuel subsidy as a cancer that was destroying Nigeria’s economy, ...
Nigerian hoteliers urge FG to reintroduce fuel subsidy payments
The Nigeria Hotel Association (NHA) on Tuesday urged the Federal Government to reintroduce fuel subsidy payments to marketers to help ...
Subsidy Removal: Nigeria’s debt to petrol traders surpasses $6 billion — Report
Nigeria’s debt to petrol traders has surpassed $6 billion, doubling since early April, as the state oil firm, Nigerian National ...
PwC says Tinubunomics reforms have yielded positive outcomes in 2024 H1 outlook
PricewaterhouseCoopers (PwC) says that the reforms instituted by President Tinubu have yielded positive outcomes in terms of government revenue, improvement ...
Most expensive states to buy fuel as of May 2024
Since the removal of the fuel subsidy in 2023, the average retail price of petrol in Nigeria has surged, affecting ...
