Nigeria spent N13tn on fuel subsidy in 16 years
The Nigeria Extractive Industries Transparency Initiative (NEITI) stated that Nigeria spent N13.69 trillion equivalent to $74.39 billion on fuel subsidies ...
Tag: Fuel subsidy
Revoke licences of marketers hoarding petrol, group demands
A pro-democracy group under the aegis of ‘The Natives’, has on Wednesday demanded an immediate revocation of the license of ...
Fuel subsidy no longer sustainable, FG owes N2.8tr – NNPCL
Shettima: Nigeria needs to get rid of fuel subsidy before it deals a deadly blow to the country The federal ...
Subsidy removal: Queues for fuel resurface in Lagos, Abuja, other cities across the country
Hours after President Bola Ahmed Tinubu announced his government would put an end to fuel subsidy regime in his inaugural ...
Consider financial implications of fuel subsidy, World Bank tells FG
The Country Director of the World Bank, Shubham Chaudhuri, has asked Nigeria’s federal and state governments to consider the financial ...
IMF recommends increased social spending as a buffer to fuel subsidy removal
The Executive Board of the International Monetary Fund (IMF) has recommended that the Nigerian government should increase well-targeted social spending ...
Fuel subsidy removal, increased electricity tariff to boost solar adoption in Nigeria
The planned end of fuel subsidies in Nigeria this coming July is likely to be the start of renewable energy ...
Subsidy: FG Borrowing To Import Fuel, Says Minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel ...
FG plans gradual removal of subsidy two months before set date
The federal government of Nigeria has announced plans to begin the removal of fuel subsidy earlier than the planned date ...
Don’t exceed June implementation date for fuel subsidy removal, OPSN reminds govt
As contained in the Appropriation Act 2023, Organised Private Sector of Nigeria (OPSN) has advised the Federal Government that the ...
