Tag: fuel subsidy

“Council agreed that the timing of the removal of fuel subsidy should not be now,” an official said.

Nigeria's Minister of Finance, Zainab Ahmed ...if they diligently distribute every dime of the $800 million at the exchange rate ...

An official noted that functional local refineries will not only make fuel affordable but create jobs for Nigerians.

"In June 2023, we should be able to exit," an official said.

The report says while FG’s expenditure rose by 179% from N4.48 trillion in 2011 to N12.51 trillion in 2021, its ...

The minister of state for petroleum says increased prices implemented in the last two weeks were "probably from the marketers".

It is difficult to understand his position, except in the sense of “alternative facts”, a phrase coined by Kellyanne Conway ...

The president says his government will not scrap fuel subsidy soon as current realities make it impossible to do so.

EFCC chair, Mr Bawa, testified as a prosecution witness in the trial of Abubakar Peters and his company, Nadabo Energy ...

The bank's chief says Nigeria also faces trade barriers that continue to distort trade and capital flows.

...we need a multidisciplinary, multisectoral approach to tackle this problem. We need to just start. Start fixing our education to ...

The finance minister said only N443 billion is presently available in the 2022 Budget for subsidy from January to June.

The House says the setting up of the committees became necessary because of the plan to remove fuel subsidy by ...

The government says it has realised the timing of its planned removal of petrol subsidy is "problematic", and will worsen ...

NEC says the government is still deliberating on the issue of fuel subsidy.

World Bank says low oil prices offers energy-importing countries an opportunity to end fuel subsidy

Fuel queues have in the past few days appeared in many parts of Nigeria.

“I can confirm to you government made good its promise to deliver promissory notes to marketers on Friday."

The group says its ultimatum will expire on Monday.

The marketers forged documents to receive the subsidy payment.

Mr Saraki says this shortly after the passage of the 2018 budget.

The activist made an FOI request to the petroleum ministry.

The amount covers the period between January 2006 and December, 2015.

The lawmakers said a committee’s report missed a crucial issue.