Tag: Fuel subsidy
Subsidy removal: Kill corruption, not Nigerians, Bakare tells Tinubu
The Pastor of the Citadel Global Community Church, formerly known as the Latter Rain Church, Pastor Tunde Bakare, has asked President Bola Tinubu to...
FG’ll ease pain of petrol price hike, Akume assures Nigerians
Secretary to the Federal Government of the Federation, George Akume, says the Federal Government will ease the pain of the petrol price hike on...
Subsidy: Gov Fubara flags off free transport scheme in Rivers
Rivers State Governor, Siminalayi Fubara, has flagged off a free transport scheme to ease the challenges faced by residents due to the removal of...
NEITI probes petrol consumption status after fuel subsidy removal
The Nigeria Extractive Industries Transparency Initiative stated on Tuesday that the Federal Government should not go back on its decision to halt subsidy on...
Sanusi hails Tinubu for removing fuel subsidy, ending multiple exchange rate
The former Emir of Kano Sanusi Lamido Sanusi has hailed President Bola Tinubu for putting an end to fuel subsidy and multiple exchange rate...
Ghana removes fuel subsidy
The Ghana National Petroleum Authority has on Wednesday announced its removal of fuel subsidy in the country.
The removal of the subsidy is part of...
EFCC recovers N13bn illegal fuel subsidy payment
The Economic and Financial Crimes Commission (EFCC) says it recovered approximately N13bn as proceeds from illegal payments made under the subsidy regime between 2017...
Fuel subsidy budget soars above defence, health at N3.92tn
The N3.92tn spent as subsidy on Premium Motor Spirit, popularly called petrol, from January 2020 to June 2022 is higher than the cumulative individual...
Fuel subsidy rises to N1.593tn as refinery rehabilitation costs N54.66bn
Latest data on the amount spent in subsidising Premium Motor Spirit, popularly called petrol, seen in Abuja on Monday revealed that the government subsidised...
Marginal oil fields sale rakes in over N2tn – FG
About N2tn has been generated by the Federal Government from the 2020/2021 marginal oil field bid rounds, PUNCH reports reveal
In the Nigerian context, marginal...