fuel subsidy
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Nigeria Wale Edun Reveals Nigeria Has Saved $20bn from Petrol Subsidy Removal and Naira Reforms
Nigeria's Finance Minister Wale Edun announced that the country has saved $20 billion by ending fuel subsidies and adopting a market-driven exchange rate. The reforms, aimed at redirecting funds to health, education, and infrastructure, mark a significant shift in economic policy, fostering...- Nigeria News
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- $20 billion savings fuel subsidy naira float policy nigeria economy subsidy removal wale edun
- Category: Business
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Nigeria Dogara: Tinubu Merely Announced Subsidy Removal, Didn't Initiate It
Former House of Representatives Speaker Yakubu Dogara clarified that President Bola Tinubu is not responsible for the removal of the petroleum subsidy, stating the decision was made prior to Tinubu's election. He urged Nigerians to focus on solutions rather than dwelling on problems related to...- Nigeria News
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- dogara fuel subsidy president tinubu
- Category: Politics
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Politics Tinubu’s govt didn’t lie about fuel subsidy — Presidency - Vanguard News
https://www.vanguardngr.com/2024/09/tinubus-govt-didnt-lie-about-fuel-subsidy-presidency/- Kayode Israel
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- bayo onanuga fuel subsidy naija news nigeria news president bola ahmed tinubu vanguard news
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Nigeria President Tinubu Defends Painful Fuel Subsidy Decision in National Address
President Bola Tinubu rules out the return of fuel subsidies despite ongoing #EndBadGovernance protests. In a nationwide address, he emphasizes the necessity of the painful decision for Nigeria's economic stability. Reactions are mixed, with citizens expressing frustration and demanding more...- Nigeria News
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- #endbadgovernance economic reform fuel subsidy nigeria protests tinubu tinubu addresses nigerians
- Category: Politics
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Nigeria #EndBadGovernance: Abuja Protesters Demand Presidential Response to End Demonstrations
Protesters in Abuja are demanding President Tinubu address their concerns directly, with some stating they would end their demonstrations if he did. The #EndBadGovernance protests, which highlight issues like fuel subsidy removal and insecurity, have led to clashes with pro-government groups and...- Nigeria News
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- #endbadgovernance abuja protests fuel subsidy president tinubu
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Nigeria Presidency Slams NYT for Negative Portrayal of Nigeria, Highlights Tinubu’s Reforms
The Nigerian presidency refutes claims in a New York Times article, asserting that President Tinubu inherited, not caused, the country's economic challenges. Highlighting policy measures and positive economic indicators, the presidency defends Tinubu’s administration and criticizes the foreign...- Nigeria News
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- bayo onanuga exchange rate fuel subsidy new york times nigeria economy tinubu economic policies
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Nigeria Nigeria Fuel Subsidy To Hit N5.4 Trillion In 2024 from N3.6 Trillion in 2023 - Wale Edun
Fuel subsidy in Nigeria is set to skyrocket, with projected expenditure reaching N5.4 trillion in 2024, a significant increase from N3.6 trillion in 2023. Despite previous claims of its elimination, a draft report reveals ongoing subsidy expenditure, sparking debates and discussions on the...- Nigeria News
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- fuel subsidy nigeria president tinubu wale edun
- Category: Business
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Nigeria Nigerians React to Vanguard's Report of Petrol Landing Cost Surging 46.8% to N1,026.71/Liter
Petrol landing cost in Nigeria soars 46.8% to N1,026.71/liter amid subsidy confusion, sparking outrage over economic hardship. The landing cost of petrol in Nigeria has skyrocketed by 46.8% year-on-year to N1,026.71 per liter in May 2024, up from N545.83 in the same period last year. This...- Nigeria News
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- economic hardship fuel subsidy imf warning nigeria petrol landing cost tinubu administration
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Nigeria Nigerians Aghast at Bloomberg Revelation: IMF Warns FG's Reinstated Fuel Subsidies Threaten Oil Revenue
Nigeria's recent reintroduction of gasoline subsidies sparks IMF concerns over oil revenue. IMF report suggests the move could consume half of the projected revenue. Despite reforms initiated in June 2023 to address fiscal challenges, delays in compensatory measures and corruption concerns...- Nigeria News
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- fuel subsidy president tinubu
- Category: Politics
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Nigeria Fuel Subsidy Still Being Paid: Nigerians React to Joe Uwakwue, Former President, Society of Petroleum Engineers
The former President of the Society of Petroleum Engineers, Joe Uwakwue, revealed that the Tinubu Administration is still paying fuel subsidies, proposing a significant increase in the pump price of Premium Motor Spirit (PMS) to N925 per liter. Uwakwue's statement implies that despite the...- Nigeria News
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- fuel subsidy nigeria
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Nigeria Rainoil CEO Exposes Government's N600 Billion Monthly Fuel Subsidy
During the Stanbic IBTC Energy and Infrastructure Breakfast Session in Lagos, Gabriel Ogbechie, CEO of Rainoil Limited, disclosed that the federal government has covertly resumed paying the contentious fuel subsidy. Ogbechie highlighted the impact of the Naira's devaluation on the foreign...- Nigeria News
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- fuel subsidy gabriel ogbechie nigerian energy policy nnpc petroleum industry rainoil ceo
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Nigeria Back and Bigger: El Rufai Confirms Nigerians' Concern On Fuel Subsidy Under President Tinubu
Former Kaduna State Governor, Mallam Nasir El-Rufai, has made startling allegations, claiming that the Bola Tinubu-led Federal Government is subsidizing Nigerians' fuel. Addressing journalists in Maiduguri, El-Rufai asserted that the government is now paying more for fuel subsidies than before...- Nigeria News
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- bola tinubu fuel subsidy government policies nasir el-rufai nigerian economy
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Nigeria Nigeria's Subsidy Saga: Yuguda's Revelation Sparks Economic Concerns
Former Governor of Bauchi State, Isa Yuguda, has contradicted the federal government's claims, stating that subsidy payments on petroleum products are still ongoing. Despite President Bola Tinubu's 2022 announcement that "The fuel subsidy is gone," Yuguda claims that subsidies persist, raising...- Nigeria News
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- fuel subsidy isa yuguda president tinubu subsidy controversy
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Nigeria Nigerians Demand that Government Ignore IMF Over Subsidy Removal Pointing Out Double Standards
In the wake of the International Monetary Fund's (IMF) recommendation for the Nigerian government to eliminate electricity subsidies, a wave of diverse reactions has swept across the nation. Citizens, taking to social media platforms, have expressed a range of sentiments reflecting skepticism...- Nigeria News
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- electricity subsidy fuel subsidy imf nigerians economy
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Nigeria IMF Pressures Nigerian Government to Eliminate Electricity and Fuel Subsidies
In the face of persistent economic challenges and the ongoing struggle of Nigerians, the International Monetary Fund (IMF) has strongly urged the Federal Government to eliminate subsidies on fuel and electricity. The IMF argues that these subsidies, considered costly and ineffective, should be...- Nigeria News
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- electricity subsidy fuel subsidy governrment reforms imf nigerian economy
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Nigeria Nigerians Challenge Presidency's Claim of Lowest Cost of Living in Africa, Label Comparison as Misleading
In a recent statement titled 'Atiku Abubakar and his new hobby,' Bayo Onanuga, the Special Adviser to the President on Information and Strategy, refuted claims made by former Vice President Atiku Abubakar regarding the impact of President Tinubu's economic policies. Atiku had criticized the...- Nigeria News
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- bayo onanuga economic policies exchange rates fuel subsidy nigeria economy atiku abubakar president tinubu
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Nigeria Gbajabiamila Under Fire for Claiming National Agreement on Fuel Subsidy Removal
After the announcement of the end of the petrol subsidy regime by President Bola Tinubu in May 2023, Femi Gbajabiamila, Chief of Staff to the President, asserts that Nigerians and top presidential candidates had collectively agreed on the subsidy's removal. Speaking after the Surulere 1...- Nigeria News
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- femi gbajabiamila fuel subsidy tinubus chief of staff
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Nigeria NNPC Dismisses Fuel Price Surge Amidst Market Speculation and Policy Uncertainties
In response to recent media reports suggesting a potential surge in petrol prices to N1,200/litre, the Nigerian National Petroleum Company (NNPC) has moved to allay public concerns. Chief Corporate Communications Officer Olufemi Soneye stated unequivocally on Wednesday that there are no...- Nigeria News
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- channels tv fuel subsidy nnpc petrol price
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Nigeria Tensions Rise as NNPC and Marketers Clash Over Fuel Subsidies and N1,200/Litre Proposal
The Nigerian National Petroleum Company Limited (NNPCL) and fuel marketers, represented by the Independent Petroleum Marketers Association of Nigeria, are entangled in a new dispute over the removal of petrol subsidies. The clash comes amidst the depreciation of the naira against the U.S...- Nigeria News
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- fuel subsidy nnpc nnpcl petrol price
- Category: Politics
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Nigeria Port Harcourt Refinery Commences Test-Run, Awaits Commercial Production
The Nigerian National Petroleum Company Limited (NNPCL) has commenced the supply of crude oil for the test-running phase of the Port Harcourt Refining Company Limited, marking a significant step in the nation's energy landscape. Oil marketers confirm that the refinery is expected to supply...- Nigeria News
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- fuel subsidy nnpcl.nnpc portharcourt refinery
- Category: Business
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