he Senate has said the Federal Government will have to justify the fresh demand for N3tn for the extension of the subsidy on petrol before it is approved by the National Assembly. The Chairman of the Senate Committee on Media and Public Affairs, Ajibola Basiru, made this known against...
fuel subsidy
By EZEKIEL OBI, Abuja – The Peoples Democratic Party (PDP) has accused the ruling All Progressives Congress (APC) led Federal Government of a plot to siphon N3 trillion under the guise of financing fuel subsidy. The National Publicity Secretary, Debo Ologunagba, who stated this in a statement on Thursday,...
The Nigerian National Petroleum Corporation (NNPC) Ltd has requested the sum of three trillion naira (N3,000,000,000,000) as fuel subsidy for 2022. Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents after the Federal Executive Council meeting which was chaired by President Muhammadu...
By IBRAHIM OBANSA, Lokoja – The Organised Labour in Kogi State says it has called off the planned mass protest earlier slated for Thursday 27th January, 2022 against fuel subsidy removal by the Federal government. The state NLC Chairman, Comrade Onuh Edoka announced this shortly after a virtual meeting...
The Federal Government is proposing to extend its suspension on the removal of fuel subsidy by 18 months. The Minister of State for Petroleum Resources, Mr Timipre Sylva, announced this on Tuesday while briefing State House correspondents in Abuja. He disclosed that the government has concluded plans to approach...
President of the Nigerian Bar Association (NBA), Olumide Akpata, says the decision to postpone the removal of fuel subsidy is not far from the forthcoming general elections. He stated this on Monday during his appearance on Channels Television’s Politics Today, hours after the government said it would postpone the...
The Lagos Chamber of Commerce and Industry (LCCI) has recommended a phased removal of petroleum subsidy to mitigate its effect on the masses. Dr Chinyere Almona, Director-General, LCCI, gave the advice in a statement on Tuesday in Lagos in reaction to the plans of the Federal Government to suspend...
The Federal Government has revealed plans to make additional provisions for fuel subsidy in the 2022 budget amid an outcry by labour unions and other stakeholders. Initially, the government had suggested the fuel subsidy scheme may end in June, a move supported by the World Bank, with a cash...
The Federal Government has revealed plans to make additional provisions for fuel subsidy in the 2022 budget, Mrs Zainab Ahmed has said. Ahmed, who is the Minister of Finance, Budget, and National Planning, disclosed this on Monday at a meeting with the President of the Senate, Ahmad Lawan, at...
The Managing Director, Coleman Wires and Cables, Mr George Onafowokan, says fuel subsidy removal will impact positively on the business environment and as well stabilise the country’s economy. Onafowokan made the assertion at a news conference on Saturday in reaction to the proposal by the Federal Government to remove...
The Trade Union Congress on Saturday gave conditions for the removal of fuel subsidies. The Federal Government has hinted that it may end the subsidy programme in June but the move has been opposed in several quarters. At the end of its National Executive Council, the TUC in a...
The Nigeria Labour Congress (NLC) has appealed to the federal government to reconsider the plan to remove oil subsidies for the interest of the workers. Mr Ikechukwu Nwafor, NLC chairman in Ebonyi, gave the advice in an interview with the News Agency of Nigeria (NAN) on Friday in Abakaliki....
The Organisation of Muslim Unity (OMU) has appealed to the Federal Government not to remove fuel subsidy because of spiral adverse economic effects on citizens. The group however advised the govtnment to come up with a robust plan for economic sustainability. The OMU National Publicity Secretary, Dr Hadi Atanda,...
The Integrity Youth Alliance, a Civil Society Organisation has said that the leadership of the senate should be decisive on the proposed removal of subsidy on Premium Motor Spirit (PMS) popularly called Petrol. It said that foot dragging on the subsidy removal was akin to postponing the obvious when...
Senate President Ahmed Lawan has assured Nigerians that subsidy on Petroleum Motor Spirit (PMS) will not be removed for now as being reported by some social and conventional media. Lawan stated this when he fielded questions from State House correspondents after a closed door meeting with President Muhammadu Buhari...
The National Executive Council (NEC) of the Nigeria Labour Congress (NLC) has resolved to hold a national protest on Feb. 1, 2022 against plans by the Federal Government to remove fuel subsidy. The decision is contained in a communique issued on Friday in Abuja and signed by NLC President,...
It is a common knowledge that the Nigeria Labour Congress (NLC) recently rejected the Federal Government proposed N5, 000 for 40 million poor Nigerians when the subsidy on Petroleum Motor Spirit (PMS) is removed. While describing it as ‘nonsensical’ the argument that the complete surrender of the price of...
An Ondo State-based cleric, Pastor Adewale Giwa, has urged the Federal Government to pay more attention to fixing problems troubling the country rather than dissipating power on the 2023 general election. Senior Pastor Giwa of the Awaiting the Second Coming of Christ Ministry ( ATSCM), Akure, said this on...
The Pentecostal Fellowship of Nigeria has told the Federal Government that removing fuel subsidy will worsen the suffering of the majority of Nigerians who are already impoverished. The President of PFN, Bishop Wale Oke, urged the government to shelve the proposed policy in order not to worsen the hardship...
The Nigeria Labour Congress (NLC) has rejected a planned petrol price hike in the country and the Federal Government’s proposal to pay the sum of N5000 monthly to Nigerians as palliative. NLC President, Ayuba Wabba in a statement on Wednesday described the plan of the Federal Government as a...