subsidy

The Federal Government recorded a subsidy expenditure of ₦418.79 billion on electricity in the fourth quarter of 2025, according to the latest report released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents…

The report which is based on a forecast from NNPC, obtained by the newspaper, indicated that the total petrol subsidy expenses from August 2023 to December 2024 will amount to N6.884 trillion, leaving the company unable to remit N3.987…

As Nigerians grapple with the aftershocks of the fuel subsidy removal, President Bola Tinubu has directed the National Economic Council to come up with inputs on palliatives and the minimum wage review as part of measures to cushion the…

The National Economic Council (NEC) chaired by Vice President Kashim Shettima has begun work on interventions to cushion the impact of subsidy removal on Nigerians. The intervention will also be complemented by independent major oil…

Fuel prices skyrocketed to between N500 and N600 in Nigeria on Tuesday, sending transport fares to the rooftop and increasing hardship for passengers and overhead costs for businesses. This development arose as credible oil marketers await…

Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay by the end of this month (April), The PUNCH can report. The President, Major General Muhammadu Buhari,…

The Managing Director, 11 Plc, formerly Mobil Plc, Tunji Oyebanji, said diversion of funds meant to create jobs into subsidy payment has fueled unemployment in the country. 

The Group General Manager, Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Federal Government subsidises Premium Motor Spirit with about N120bn ($263.25m) monthly. He said while the actual cost of importation…

The Chairman of Governors’ Forum, Gov. Abdulazeez Yari of Zamfara says the National Economic Council (NEC) will soon take decision on whether to allow the continuation of payment of petroleum subsidy by NNPC or not. Yari, who stated this…

The Chairman, Senate Committee on Appropriation, Sen. Danjuma Goje, has said that no provision was made in the 2018 Budget for any increase in minimum wage during the year. Goje made this known to briefing newsmen on Wednesday in Abuja…