Subsidy
14 Mar
Stopping naira depreciation by fiat will shock the advocates of market-determined naira value, and send the right signal that Nigeria’s new government will not run with policies that do not work for Nigeria.
8 Mar
President Bola Tinubu has ordered a 93 per cent reduction in the cost of agricultural inputs for farmers to enhance food security in the country.
15 Feb
Notwithstanding denials from government, Nigeria is paying about N907.5 billion subsidy on premium motor spirit (PMS) otherwise called petrol monthly as the depreciation of the naira has pushed the actual cost of litre of fuel to N1,202.7.
7 Nov
The Nigeria Extractive Industries Transparency Initiative (NEITI) released its 2021 oil and gas report in September 2023.
18 Oct 2023
The poorly thought-out plan on fuel subsidy removal is biting the economy harder than the foresight of the current administration – leaving the Federal Government to choose either galloping inflation or partial return to the subsidy regime. That the local pump price has remained steady amid changes in the global crude oil price is a…
6 Sep 2023
• N318 billion subsidy now paid monthly • Marketers lament inability to import as NNPC maintains monopoly with FX access There are indications that the Federal Government may have returned subsidy payment on Premium Motor Spirit (PMS), using the supposed commercialised Nigerian National Petroleum Company Limited to manage the market shocks and maintain monopoly of…
16 Aug 2023
The suspension by the Nigeria Labour Congress (NLC) of its proposed strike over government’s removal of fuel subsidy is a pragmatic and reasonable thing to do, going by projections that the strike
1 Aug 2023
The difficult times that most Nigerians are going through as a result of removal of subsidy on petrol, and the attendant inflation thrown up, calls not only for understanding by all, but also sacrifice by both the leaders and the followers.
28 Jul 2023
The Debt Management Office (DMO) has hailed the courage of President Bola Ahmed Tinubu in removing the controversial fuel subsidy, describing the scheme as a drain on the country’s resources
4 Jul 2023
Sir: The petrol subsidy announcement on May 29, 2023 at the inaugural ceremony of Asiwaju Bola Ahmed Tinubu (BAT) as the president of the Federal Republic of Nigeria, made an instant impact albeit negative on the lives of Nigerians.
3 Jul 2023
There are several components of the fuel subsidy scam one of which is a form of payment by the NNPCL and the NMDPRA to oil marketers called ‘bridging’.
15 Jun 2023
The National Economic Council(NEC) says it has received a proposal from stakeholders for a consequential adjustment estimated at N702.9 billion to cushion the effect of subsidy removal on Nigerian workers
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