Tag
FUEL SUBSIDY
News and analysis about fuel subsidy
The Nigerian Exchange (NGX) closed bullish as the All-Share Index appreciated by 5.37% in the week ended 2nd June 2023.
Nigeria's Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has declared an end to the era of fixed fuel prices in the country.
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Nigerian government to introduce palliatives to mitigate the effects of fuel subsidy removal, particularly on food and transportation costs for citizens.
The Nigerian Labour Congress (NLC) has dismissed reports suggesting that it is planning to launch strikes in response to the withdrawal of fuel subsidies.
NNPCL's Group CEO Mele Kyari said that the fuel subsidy regime was mostly beneficial to the upper-class Nigerians who owned many cars.
Nigerians must now focus on developing coping mechanisms amidst the rising energy and transportation costs. Here are some tips.
NILDS says it is necessary to have subsidy removed, but Nigerian labour will be the major casualty of such necessity
President Tinubu is not letting up on the fuel subsidy removal, but his administration will not implement the policy immediately.
The amount expended on subsidies from 2005 to 2021 was equivalent to the entire budget for health, education, agriculture and defence in the last five years.
Residents in Nigeria’s commercial capital, Lagos woke up this morning to fuel queues and pump prices of N600 following the statement of President Tinubu over the sudden removal of subsidy.
Fuel queues appeared in some parts of Lagos on Monday evening as Nigerians rushed to fill their tanks in reaction to a declaration that there will be no fuel subsidy.
The Federal Government has refuted reports that it has suspended fuel subsidy removal stating that the implementation of the policy is still on course.