Nigeria’s manufacturers and businesses struggling due to the lingering energy crisis may have more to worry about, as oil price, yesterday, soared to $87.16 per barrel.

Dr. ’Tayo Popoola is an Associate Professor at the Department of Mass Communication, University of Lagos, Akoka. In this interview with ONYEDIKA AGBEDO, the scholar of political communication, speaks on the state of the nation.

The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has denied reports that the Federal Government has backed down on its complete removal of petrol subsidy. Specifically, media reports in the last two weeks have it that the government has been paying subsidies on petrol so as to keep…

The Kaduna State chapter of the Nigeria Labour Congress (NLC) has asked the federal government (FG) to increase the minimum wage to ₦200,000 and also revert the price of fuel to ₦185 per litre. The chairman of NLC in Kaduna, Comrade Ayuba Suleiman, made this call on Wednesday as the Labour union all across Nigeria…

President Bola Ahmed Tinubu has approved N50 billion for small businesses and promised workers that a new minimum wage will be announced. Tinubu said this in his nationwide broadcast on the state of the economy while appealing to Nigerians to persevere in the current pains of the removal of fuel subsidy. “Our administration recognises the…

President Bola Tinubu said the Nigerian government has saved more than N1 trillion after his decision to halt payment of petrol subsidy. Tinubu while speaking in a nationwide broadcast on Monday said the revenue saved will be used for the benefit of Nigerians. “In a little over two months, we have saved over a trillion…

The controversy and public pessimism generated by the Federal Government’s policy on palliatives to cushion the effect of the removal of fuel subsidy are to be expected. For one, the government in the past has not demonstrated credible and reliable approach to addressing the plight of the poor; and there is so far little to suggest a change of heart from public officers

The Secretary to the Government of the Federation (SGF), Senator George Akume, has urged Nigerians to bear the pains of the removal of subsidy on petrol because he believes the country will reap the gains. Akume while soliciting support for the President Bola Ahmed Tinubu administration said he is sure a rosy future awaits Nigerians…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said petrol consumption fell to 46.38 million litres per day in June, following the removal of subsidy. Chief Executive Officer, NMDPRA, Farouk Ahmed, said this during a stakeholders' meeting with oil and gas downstream operators on Monday in Lagos. “The current daily consumption has drastically…

President Bola Ahmed Tinubu has written to the House of Representatives seeking the sum of N500 billion for palliatives to cushion the effect of the removal of subsidy on Premium Motor Spirits (PMS) popularly known as petrol. Tinubu in the letter also sought an amendment to the 2022 supplementary appropriation Act which will allow the…

Former President Muhammadu Buhari, yesterday, broke his silence on the petrol subsidy removal 'challenge' he left for his successor, saying, had the policy been implemented, the All Progressives Congress (APC) and Bola Tinubu would have lost the election.

During the campaign for election as President of Nigeria, Bola Ahmed Tinubu, presidential candidate of the APC, had said that if elected he would stop paying subsidy on petrol. In his inaugural speech on May 29, he said bluntly and matter-of-factly: “Subsidy is gone.” He did not waste too many words on the subject apparently because it is a subject, which Nigerians are familiar with.