SERAP to Governors, Wike: Account for N14trn Fuel Subsidy Savings or Face Legal Action
SERAP demands full breakdown of FAAC allocations since 2023 Says funds meant for the poor have been diverted to luxury and waste Warns of court action if details are not…
Fuel Subsidy Savings Inadequate for Nigeria’s $50bn Budget – Taiwo Oyedele
Fuel subsidy removal cannot transform Nigeria’s $50bn economy. Taiwo Oyedele insists on broad tax reforms to drive infrastructure growth. Warnings issued against policy reversals draining trillions of naira. Taiwo Oyedele,…
Petrol Subsidy Affected Revenue That Should Have Been Used For 2021 Budget – Buhari
President Muhammadu Buhari says the federal government’s expenses on petrol subsidy affected the revenue that should have been used to fund the 2021 budget. Buhari, who stated this on Thursday…
Subsidy Removal: Nigeria’s Daily Petrol Consumption Figures Are Crazy – Sylva
The minister of petroleum resources, Timipre Sylva has said Nigeria’s daily petrol consumption figures are ‘crazy’. The minister, who appeared on the Nigerian Television Authority (NTA) on Tuesday, noted that the…
Fuel Subsidy: CISLAC Queries FG Over $800m World Bank Loan
The Civil Society Legislative Advocacy Centre has queried the federal government over the World Bank's $800 million loan for fuel subsidy palliatives to Nigerians. The Executive Director of CISLAC, Auwal…
Subsidy: Dangote, Nigerian Refineries Will Not Change Fuel Price – NNPCL
Fuel price will not reduce - NNPC The Nigerian National Petroleum Company Limited(NNPCL) has confirmed that the production of Premium Motor Spirit (petrol) by Dangote Refinery, Port Harcourt Refining Company,…
How Fuel Subsidy Removal in Nigeria is Affecting Refineries in Europe
President Bola Tinubu's removal of fuel subsidy in Nigeria has greatly affected refineries in Europe, according to a report. The report disclosed that North America and West Africa, led by…
FG Battle to End Petrol Subsidy in 2022 as World Bank Condemns N2.9tn Funding
Shubham Chaudhuri, World Bank Country Director for Nigeria, has called on the nation to halt the payment of subsidy for premium motor spirit, otherwise called fuel. He stated this during…
Fix Refineries, Petrol Subsidy Bill Growing Faster Than Economy – CSO
Civil Society Groups for Good Governance (CSGGG) has called on the federal government to fix the Nigeria's refineries before removing subsidy on petrol. Addressing a press conference on Saturday in…
El-Rufai, Sanusi Fault Buhari For Frustrating Subsidy Removal
Kaduna Governor, Nasir El-Rufai and former Central Bank of Nigeria governor, Mallam Sanusi Lamido Sanusi have both expressed their disapproval of the retention of fuel subsidy in Nigeria. During a…