fuel subsidy

As part of efforts to cushion the effect of the removal of fuel subsidy on residents of Oyo State, the state’s Mass Transit Scheme commutes an average of 17,000 residents at half price on intra-city and inter-city routes, the Executive…

President Bola Tinubu says he has charged major oil marketers in Nigeria to work with his government to be able to meet the needs and demands of Nigerians following the removal of fuel subsidy. The president’s clarion call was made when…

Human rights lawyer Femi Falana says only President Bola Tinubu has the power to fix the pump price of petrol.  The Nigeria National Petroleum Company Limited (NNPCL) recently adjusted the price of petrol across its retail outlets…

Angola reduced its gasoline subsidy, the same week Nigeria, Africa’s biggest oil producer, scrapped its own subsidy, causing pump prices to triple according to a Bloomberg report. The yield on Angola’s 2028 eurobonds fell 16 basis points…

The Nigeria Labour Congress(NLC) has said it has no plans to commence industrial action on Friday to protest the increase in the prices of premium motor spirit otherwise known as petrol. The Congress however said it would hold organ…

Nigerian musician and socio-political activist Charles Oputa, better known by his stage name Charly Boy, has backed President Bola Tinubu’s decision to remove fuel subsidies. Following the termination of the subsidy, the new pump price…

The meeting between the Federal Government and the Nigerian Labour Congress (NLC) over fuel subsidy removal has ended without a consensus. The meeting began around 4 pm on Wednesday at the Presidential Villa, Abuja. Representatives of…

Despite a June 2023 deadline for the discontinuation of petrol subsidies, the Federal Government has yet to harmonise efforts with states in order to set up palliative measures. However, as the administration winds down, concerned…

The Oodua People’s Congress (OPC) has called on the Nigerian government to halt any plan to remove fuel subsidy pending when the nation’s four refineries began to produce at maximal capacity. OPC in a statement on Wednesday by its…

Federal government is worried that fuel subsidy may hit N6.7 trillion in 2023 and also affect capital expenditures for the year. The fuel subsidy projection for 2023 means the government will provide an additional N2.7trillion in…