Minister of Information and National Orientation, Mohammed Idris, has defended the Federal Government’s economic reforms and measures to cushion the impact of rising petrol prices, assuring Nigerians that the administration of President Bola Ahmed Tinubu remains committed to improving living conditions and sustaining economic recovery. Idris spoke during an...
fuel subsidy
Presidency has defended President Bola Ahmed Tinubu’s economic policies, describing former Vice President Atiku Abubakar’s criticism of the government’s fuel price measures as politically motivated and lacking understanding of global energy realities. The Special Adviser to the President on Media and Public Communications, Dr Sunday Dare, said Atiku’s recent...
The Federal Government’s announcement that the Nigerian National Petroleum Company (NNPC) Retail will temporarily forgo its petrol retail profit margin and sell fuel at cost has reopened one of Nigeria’s most contentious economic and political debates: Is petrol subsidy gradually returning? The government has been categorical that it is...
Nigerian National Petroleum Company (NNPC) Limited has announced that its N66 per litre petrol discount will continue until October 31, stressing that the initiative is a temporary relief measure and not a return to the fuel subsidy regime. The company said the extension is part of efforts to support...
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail is not a return of the fuel subsidy regime abolished by the Federal Government in 2023. Oyedele explained that the discount...
The Presidency has dismissed claims linking recent fuel price reductions to the return of subsidy, insisting that a margin discount by fuel marketers is different from a government-funded subsidy. In a statement shared by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency urged...
Nigerian National Petroleum Company (NNPC) Limited will forgo its petrol retail profit margin for 30 days and sell fuel at cost as the Federal Government introduces fresh measures to ease the impact of rising petrol prices on Nigerian households. The decision, backed by President Bola Ahmed Tinubu, is aimed...
African Democratic Congress Presidential Campaign Council (ADC-PCC) has described the Federal Government’s decision to reduce the price of petrol for only 30 days as a desperate, shameless and insulting attempt to bribe Nigerians ahead of the 2027 general election, declaring that the gimmick will not save the Tinubu administration...
Nigeria Democratic Congress (NDC) has rejected the Federal Government’s 30-day petrol discount, describing the measure as inadequate relief for Nigerians facing rising living costs. The party’s National Publicity Secretary, Osa Director, stated this in a statement issued on Thursday. Director was reacting to the announcement by the Federal Government...
The presidential candidate of the Peoples Redemption Party (PRP), Donald Duke, has promised to reduce the pump price of petrol to about ₦300 per litre if he wins the 2027 presidential election. The former Cross River State governor made the promise on Wednesday during an interview on Channels Television’s...
The Peoples Democratic Party (PDP) has strongly criticised President Bola Ahmed Tinubu’s Independence Day broadcast, accusing him of presenting a misleading picture of Nigeria’s economic situation and comparing his administration to the biblical Pharaoh rather than Moses. In a statement issued on Friday, the opposition party said President Tinubu’s...
Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has questioned President Bola Tinubu’s claims that Nigeria is making economic progress, saying many Nigerians are yet to feel any real improvement in their daily lives. In his message to mark Nigeria’s 66th Independence Anniversary on Thursday,...
President Bola Ahmed Tinubu has defended the removal of fuel subsidy, saying the decision was necessary to correct years of economic distortions and place Nigeria on the path of sustainable growth. Tinubu made the remarks in his Independence Day address to Nigerians as the country marked its 66th anniversary,...
Former Vice President and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has unveiled plans to introduce a new fuel subsidy system aimed at reducing the cost of petrol and easing economic pressure on Nigerian families. Atiku said the proposed subsidy would not return Nigeria to the...
Former Vice President Atiku Abubakar’s Media Adviser, Paul Ibe, has criticised the Federal Government’s comparison of petrol prices in Nigeria and the United States, arguing that the figures do not reflect the economic realities facing ordinary Nigerians. Ibe, in a statement shared on Wednesday, said comparing the pump price...
There are moments in the life of a nation when an economic policy ceases to be a matter for government papers, economists and policy conferences and becomes painfully personal. For millions of Nigerians, the removal of fuel subsidy is one such moment. It is no longer merely about what...
President Bola Ahmed Tinubu has assured Nigerians that transportation costs will begin to reduce more significantly from October 1 as the Federal Government intensifies the implementation of the National Affordable Compressed Natural Gas (CNG) Transit Programme. The President said the initiative is already delivering lower transport fares in several...
The Dangote Petroleum Refinery has sold out its jet fuel supply to European markets for August and September, with the remaining stock reserved for Nigeria. Chairman of Dangote Petroleum and Petrochemical Limited, Aliko Dangote, disclosed this on Monday September 14 during the formal launch of the refinery’s initial public...
The African Democratic Congress, ADC, has warned President Bola Ahmed Tinubu that his government’s economic policy is pushing Nigerians “dangerously close to the limits of human endurance.” In a statement signed by Mallam Bolaji Abdullahi, the ADC National Publicity Secretary, the party said that with petrol now selling for...
The price of Premium Motor Spirit (PMS), commonly known as petrol, has risen further in Abuja following an upward adjustment in the wholesale price of the product by Dangote Petroleum Refinery. The refinery increased its gantry price from N1,265 to N1,350 per litre, representing an N85 or 6.7 per...