fuel subsidy
4 Aug
President Bola Tinubu has defended his administration's controversial decision to remove fuel subsidies and overhaul the foreign exchange system, decisions which have led to hike in food prices and widespread hunger. Tinubu has argued that the reforms will improve the economy in the long term, however, Nigerians on August 1 began a protest across Africa's…
10 Jun
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclaimed reports that it inflated subsidy claims by N3.3 trillion. A viral report done by iWitnessLive claimed that NNPCL inflated its fuel subsidy claims by a staggering N3.3 trillion. However, NNPC, through its spokesperson, Olufemi Soneye, dismissed the report in a statement on Monday, labelling it…
7 Jun
A former President of the Christian Association of Nigeria (CAN), Dr. Samson Ayokunle, has berated the administration of President Bola Tinubu, saying it took many steps backwards. Ayokunle speaking on Inside Sources with Laolu Akande, a socio-political programme on Channels Television on Friday also called on Tinubu to address the issue of multiple taxations by…
7 Jun
The ghost of Nigeria’s controversial fuel subsidy appears unwilling to rest in peace, even after President Bola Ahmed Tinubu was supposed to have buried the multi-trillion naira guzzling scheme on May 29, 2023.
7 Jun
Within the one year of President Bola Tinubu’s administration, he has taken bold and audacious decisions to put Nigeria on the path of economic growth, which others would be afraid to take.
6 Jun
Former Vice President Atiku Abubakar has called on the National Assembly to investigate allegations of covert petrol subsidy payments by President Bola Tinubu’s administration. Atiku, in a statement issued by his spokesperson, Paul Ibe, on Thursday, challenged the presidency to demonstrate bravery in taking ownership of its policies and their consequences by being accountable to…
6 Jun
The federal government says efforts to mitigate the effects of fuel subsidy removal and ease the cost of living pressures on Nigerians remain firmly in place. The government statement comes amidst a report yesterday indicating that fuel subsidy expenditure is projected to reach about N5.4 trillion in 2024, up from N3.6 trillion in 2023. Tinubu's…
5 Jun
Former Vice President and presidential candidate of the People's Democratic Party (PDP), Atiku Abubakar, slammed the administration of President Bola Tinubu over allegations the Federal Government secretly maintained the fuel subsidy it had publicly abolished. Tinubu, during his inauguration on May 29, 2023, announced the end of the subsidy on Premium Motor Spirit (PMS), also…
2 Jun
THE Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has insisted that fuel subsidy removal is an ongoing process that depends on a combination of factors. He was responding to comments on a Channels TV interview last night where he responded to a wide range of domestic economic issues. The fuel subsidy…
2 Jun
The member representing Ohaozara/Onicha/Ivo Federal Constituency at the House of Representatives, Chief Nkemkanma Kama, has said that the major problem with some policies being implemented by the present government of President Bola Ahmed Tinubu is timing. In a chat with journalists in Abakaliki, Kama said most of the policies are necessary for the country to…
2 Jun
The Lagos State Government has announced that the 25% fare discount on its regulated public transport buses, ferries, and train services will end on Sunday, June 2, 2024. The Lagos Metropolitan Area Transport Authority (LAMATA) made this announcement in a statement on its official X handle. Following the announcement, from Monday, June 3, 2024, Lagosians…
31 May
The former Director General of the Peter Obi-Datti Presidential Campaign Organisation of the Labour Party, Doyin Okupe, claims that no individual, former president, or administration has ever tackled the challenges that President Bola Tinubu has faced. Okupe made the statement on Tuesday during Channels Television’s Political Paradigm interview, where he praised Tinubu's proactive approach to…