fuel subsidy

  1. Nigeria's Subsidy Saga: Yuguda's Revelation Sparks Economic Concerns

    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...
  2. Nigerians Demand that Government Ignore IMF Over Subsidy Removal Pointing Out Double Standards

    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...
  3. IMF Pressures Nigerian Government to Eliminate Electricity and Fuel Subsidies

    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...
  4. Nigerians Challenge Presidency's Claim of Lowest Cost of Living in Africa, Label Comparison as Misleading

    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...
  5. Gbajabiamila Under Fire for Claiming National Agreement on Fuel Subsidy Removal

    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...
  6. NNPC Dismisses Fuel Price Surge Amidst Market Speculation and Policy Uncertainties

    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...
  7. Tensions Rise as NNPC and Marketers Clash Over Fuel Subsidies and N1,200/Litre Proposal

    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...
  8. Port Harcourt Refinery Commences Test-Run, Awaits Commercial Production

    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...
  9. Economic Dilemma Deepens in Nigeria: Fuel Subsidy Fallout Intertwines with Prospective Electricity Tariff Hike in 2024

    Nigeria Economic Dilemma Deepens in Nigeria: Fuel Subsidy Fallout Intertwines with Prospective Electricity Tariff Hike in 2024

    Amidst the enduring impact of the fuel subsidy removal, Nigerians are now confronted with the specter of an impending electricity tariff increase scheduled to commence on January 1, 2024. Reports indicate that officials from Nigeria's Electricity Distribution Companies (DisCos) convened in a...
  10. [VIDEO] Nigerian's  Disgusted By Buhari's Insensitive Joke Over Fuel Price Hike Amidst Daily Struggle

    Nigeria [VIDEO] Nigerian's Disgusted By Buhari's Insensitive Joke Over Fuel Price Hike Amidst Daily Struggle

    President Buhari surprisingly welcomes the fuel price hike, expressing relief as it has led to a decline in home visits. The statement raises eyebrows about the unique perspective on the matter. Watch Video here:
  11. Government Dismisses World Bank, Says Petrol Subsidy 'Gone for Good

    Nigeria Government Dismisses World Bank, Says Petrol Subsidy 'Gone for Good

    In a televised interview on Channels TV, Minister of Information and National Orientation, Mohammed Idris, emphatically dismissed the recent assertion by the World Bank that the Federal Government continues to pay subsidy on petrol. According to the minister, President Bola Tinubu had made it...
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    Politics Subsidy removal: Our pains are temporary – FG to Nigerians - Daily Post

    https://dailypost.ng/2023/10/16/subsidy-removal-our-pains-are-temporary-fg-to-nigerians/
  13. Nigeria's Inflation Skyrockets to a Staggering 26.72%

    Nigeria Nigeria's Inflation Skyrockets to a Staggering 26.72%

    Nigeria's inflation rate for September surged to 26.72%, marking a substantial 0.92% increase compared to the previous month's 25.80%. This data is sourced from the recently released Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). The steep rise in inflation can be...
  14. FG Drops N169.4 Billion for Subsidy in August -  What You Need to Know!"

    Nigeria FG Drops N169.4 Billion for Subsidy in August - What You Need to Know!"

    Despite President Bola Ahmed Tinubu's assurances that the subsidy had been abolished, revelations surrounding the Federal Government's payment of N169.4 billion in subsidy in August have ignited controversy and skepticism. This development challenges the narrative of subsidy removal and prompts...
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    Metro Fuel marketers kick as FG rules out price hike - Punch Newspaper

    https://punchng.com/fuel-marketers-kick-as-fg-rules-out-price-hike/
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    Metro NLC threatens strike if petrol price rises - The Nation

    https://thenationonlineng.net/nlc-threatens-strike-if-petrol-price-rises/
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    Metro Petrol Now N650 In Borno, Oyo, Delta As Queues Return In Lagos - Daily Trust

    https://dailytrust.com/petrol-now-n650-in-borno-oyo-delta-as-queues-return-in-lagos/
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    Metro "Fuel Fiasco: Forex Meltdown Sparks Shocking N720/Litre Proposal By Marketers

    Oil marketers have issued a dire warning, signaling an impending surge in the cost of Premium Motor Spirit (PMS), commonly referred to as petrol. The projected price hike, expected to range between N680 to N720 per litre, is contingent on the Nigerian currency's continued depreciation against...
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    Metro PHOTOS: Labour Unions Begin Nationwide Protest - Daily Trust

    https://dailytrust.com/photos-nlc-begins-nationwide-protest/
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    Metro Protesters beat Oyo civil servants for defying NLC directive - Vanguard Newspaper

    https://www.vanguardngr.com/2023/08/protesters-beat-oyo-civil-servants-for-defying-nlc-directive/
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