Ogun State Governor, Dapo Abiodun, has said that the subsidy on fuel, if not curbed by President Bola Ahmed Tinubu, would have cost the country N5.4 trillion by the end of 2024.

President of Dangote Group, owners of Dangote Petroleum Refinery and Petrochemicals, Aliko Dangote, has advocated total removal of fuel subsidy, saying it is no longer sustainable.

President Bola Tinubu has said his administration decided to remove the subsidy on Premium Motor Spirit (PMS) to free up resources for critical investments in the country.  

As protesters demand the reversal of fuel subsidy removal, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has explained it may not be possible, noting that even with the subsidy removal, the country is spending as much as $600 million on fuel importation monthly.

The House of Representatives has instructed the Nigerian National Petroleum Corporation Limited (NNPCL) to halt any further mortgaging of future crude oil assets until an ongoing forensic audit of its operations is completed. This directive was issued by the Special Joint Committee of Downstream and Midstream Petroleum Resources, chaired by Hon. Ikenga Ugochinyere. The committee…

One year after President Bola Tinubu announced the removal of subsidy on Petro, Nigerians fuel consumption and buying pattern have changed compared to years before the subsidy was removed. Although the government has announced that it will be spending about N5.4 trillion on subsidy this year. But since the announcement of fuel subsidy removal on…

President of the lnstitute of Chartered Accountants of Nigeria (ICAN), Dr Innocent Okwuosa, has said fuel subsidy removal and exchange rate unification have contributed to addressing inefficiencies and corruption within the economic system.

Asiwaju Ahmed Bola Tinubu promises to be one of Nigeria’s more courageous elected leaders. Emerging evidence points in that direction. His predecessors had fought shy of the twin contagions

African Women Lawyers Association (AWLA) has urged the Federal Government to review the fuel subsidy removal and declare a state of emergency on insecurity as key measures to tackle the crippling economic hardship in the country.

The National Bureau of Statistics (NBS) has revealed that the importation of petrol by the Nigerian government has dropped by fifty percent following the removal of subsidy. Minister of Information and National Orientation, Mohammed Idris gave out this details while speaking on what the Federal government has achieved so far within nine months. Idris in…

Reports across states in Nigeria have revealed that the Nigerian National Petroleum Company Limited kept its promise to eliminate fuel queues during the Christmas and New Year. Situation reports from different filling stations across Nigeria revealed that Premium Motor Spirit (PMS), popularly called petrol, was in sufficient supply to ensure energy security during the festive…