Oil marketers, on Tuesday, countered the position of the Federal Government, as they insisted that the current pump price of Premium Motor Spirit, popularly called petrol, should not be less than N800/litre if there was no subsidy on the commodity.…
The Guardian. Center for the Promotion of Private Enterprise (CPPE) has advised the Federal Government to expend the N4 trillion for fuel subsidy on productive sectors. Its Chief Executive Officer, Dr. Muda Yusuf, who gave the advice in an interview…
THIS DAY The President of the World Bank Group, Mr. David Malpass has once more reiterated the need for Nigeria’s federal government to reconsider its policy on fuel subsidy, saying that the huge amount being expended on the policy could…
PREMIUM TIMES The government says it has realised the timing of its planned removal of petrol subsidy is “problematic”, and will worsen the suffering of Nigerians. The Nigerian government says it will retain fuel subsidy indefinitely and will work on…
THE GUARDIAN The Independent Petroleum Marketers Association of Nigeria (IPMAN) has described the Nigeria Labour Congress (NLC) planned nationwide protest against fuel subsidy removal as unnecessary and misplaced priority. The NLC had fixed January 27 for its protest across the…
PREMIUM TIMES The federal government will remove fuel subsidy and replace it with a monthly N5000 transport grant to poor Nigerians, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. Speaking at the launch of the World…
THIS DAY Nigeria’s three tiers of government may have to look elsewhere to augment revenues accruing monthly from the Federation Account Allocation Committee (FAAC) as the Nigerian National Petroleum Corporation (NNPC) is set to make another N114.2 billion deduction from…
THIS DAY Early this month, Mr. Mele Kolo Kyari, geologist, crude oil marketer and the 19th Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) clocked one year in the saddle. Since his appointment in July 2019, Kyari has…
THE SUN Leveraging on the low price of crude oil and petroleum products, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Monday announced that the era of subsidising the pump price of petrol was…
VANGUARD By Owei Lakemfa The Emir of Kano, Muhammad Sanusi II, descended from his throne last week to deliver his customary blows against subsidies, especially for fuel and electricity. The former Central Bank governor and ex-comrade claimed that Nigerians revel…