Fuel subsidy

The Federal Government has shelved plans to remove fuel subsidy by June 2023. This was indicated by the Minister of Finance, Ahmed Zainab, on Thursday, shortly after the National Economic Council meeting, chaired by…

All Progressives Congress, APC, presidential candidate, Bola Tinubu, has vowed to remove the subsidy on petrol if elected president. Tinubu disclosed this while meeting with business leaders in Lagos State on Friday. Read Also: INEC…

Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina has given reasons why his principal could not remove fuel subsidy until now even after describing it as a fraud. Adesina said Channels Television’s…

Federal Government has disclosed that it will stop the payment of fuel subsidy by the end of June 2023. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this during the public presentation of the…

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government will do away with petroleum subsidy by June 2023. Ahmed said this on Tuesday in Abuja during a press conference to mark the…

Deputy Director of Bola Tinubu Campaign Organisation, Adams Oshiomole, has explained the incident that transpired during the tenure of former President Goodluck Jonathan concerning the infamous fuel subsidy removal. Adams…

The Federal Government subsidised Premium Motor Spirit, often known as fuel or petrol, with N1.593 trillion between January and June 2022, according to the most recent data on the subject seen in Abuja on Monday, August 15.…

Presidential candidate of the Labour Party in the 2023 elections, Peter Obi, on Thursday, August 11, said Nigeria must end petrol subsidy. Mr Obi said in a series of tweets; Going forward, we must look for ways to move Nigeria…

Oando Plc, AA Rano, Sahara Energy Resources, Hyde have all denied involvement in fuel subsidy payments before the House of Representatives ad hoc committee investigating subsidy regime. The oil companies said they only lifted crude…

President Muhamamdu Buhari has revealed the reason federal government’s decision to keep paying fuel subsidies. In an interview with Bloomberg, the President said the effects of removing fuel subsidies would have been too harsh on…

Professor Chukwuma Soludo, Anambra State Governor has kicked against the retention of fuel subsidy in Nigeria. This was even as the Nigerian National Petroleum Corporation, NNPC, Limited said payments for petrol subsidy…

National Assembly has passed amendments to the 2022 Appropriation Act which raised the subsidy on Premium Motor Spirit (PMS) better known as petrol from N3.557tn to N4tn. The Senate and House of Representatives approved the President’s…

President Muhammedu Buhari has on Tuesday approved an 18-month suspension of the planned removal of subsidy on Premium Motor Spirit (PMS) products. Minister of State, Petroleum Resources, Timipre Sylva, disclosed this at a media briefing…