The presidential candidate of Labour Party, Peter Obi, yesterday, said government was behind oil theft in the country.
The House of Representatives has summoned the Auditor-General of the Federation (AGF) to appear before it on Aug. 30, for an explanation of fuel subsidy payments between 2013 and 2022.
Only 10 percent of the current N6.4trillion spent on fuel subsidy could go a long way to improve Nigeria's road transport systems, Founder, NAIRAXI, a indigenous tech-powered mobility company, Kingsley Eze has said.
Between 2011 and now, Nigeria has spent about N20t on fuel subsidies. While over N5t is currently being spent, the Minister of Finance, Budget & National Planning, Zainab Ahmed
The House of Representatives has launched an investigation to ascertain the actual amount of money being expended on fuel subsidy in the country.
Chief Timipre Sylva, Minister of State for Petroleum Resources, disclosed this while speaking with journalists on Monday in Abuja...
Hard times are already here for the Federal Government, hard, as its debt servicing exceeded retained revenue by as much as N310 billion in the first four months of 2022. This is the first time the country...
The House of Representatives has constituted an Ad-hoc Committee to investigate the Petroleum Products Subsidy regime between 2017 and 2021 by the Nigerian National Petroleum Company (NNPC).
The vexatious issue of the lingering fuel subsidy on petroleum products was raised at the recent presentation of the International Monetary Fund (IMF) Sub-Saharan Africa Regional Economic Outlook in Abuja recently.
President Muhammadu Buhari has ruled out the possibility of heeding calls by the International Monetary Fund (IMF), World Bank and other leading economists to remove fuel subsidy. The President said this in an interview he granted Bloomberg with the transcripts
Center for the Promotion of Private Enterprise (CPPE) has advised the Federal Government to expend the N4 trillion for fuel subsidy on productive sectors.
The People’s Alternative Political Movement (TPA-M), at the weekend, wrote Minister of Finance, Zainab Ahmed, requesting more information on the recently approved N4 trillion subsidy payment for July to December this year.