The House of Representatives has resolved to set up an Ad hoc Committee to investigate the circumstances leading to the increment of pump price of Premium Motor Spirit (PMS) from from N537 to N617. The resolution was sequel to a unanimous adoption of a motion by Rep. Ugochinyere Ikeagwuonu (PDP-Imo)...
fuel subsidy
President Bola Tinubu has directed the immediate review of the palliative to cushion the effect of removal of fuel subsidy. In a statement issued by Mr Dele Alake on Tuesday in Abuja, Tinubu directed the immediate review of the N8,000 conditional cash transfer programme meant to bring succour to...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says country’s petrol daily consumption figure stands at 46.38 million litres, due to subsidy removal by the Federal Government. Mr Ahmed Farouk, Chief Executive, NMDPRA, disclosed this during a stakeholders meeting with oil and gas downstream operators on Monday in...
The House of Representatives is to get N70 billion allocation from President Bola Tinubu’s N819 billion palliative meant to cushion the effect of fuel subsidy on Nigerians. The amount according to the President’s letter sent on July 12 and read by the Speaker, Rep. Tajudeen Abbas, was meant to...
Members of the House of Representatives are demanding an upward review of their salaries and allowances, following the removal of fuel subsidy and the current economic situation in the country. The News Agency of Nigeria (NAN) gathered that the demand was the outcome of meeting the lawmakers had on...
A financial expert, Prof. Uche Uwaleke, has described as commendable, President Bola Tinubu’s request for legislative approval of N500 billion as palliatives to cushion removal of petrol subsidy. Uwaleke, a Professor of Capital Market at the Nasarawa State University, Keffi, said this in an interview with the News Agency...
By DAVID IORJA, Abuja – President Bola Ahmed Tinubu on Wednesday in Abuja assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal is being worked out, explaining that the decision to phase out the subsidy was taken in the best interest of the...
By SADIQ ABUBAKAR, Maiduguri – To reduce high cost of living caused by withdrawal of fuel subsidy, Borno State Governor, Babagana Zulum, on Tuesday, released 80 buses and pick up vans for free transportation of farmers from their communities to farmlands. The 80 means of transport will comprise of...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to use his good offices and leadership position to “urgently publish details of spending of about N400bn so far saved as a result of the removal of subsidy on Premium Motor...
Femi Falana, SAN, has blamed the “irresponsibility” of the ruling class for the hardships brought on by the alleged fraud perpetrated by beneficiaries of the fuel subsidy regime and failed promises to reform the oil sector. There is, therefore, a need for the Federal Government to act fast...
……As president pledges turn around in education, health, sports security By DAVID IORJA, Abuja – President Bola Ahmed Tinubu Friday in Paris–France assured Nigerians of repositioning the education and health sectors, while the ongoing reforms on the economy will be sustained and expanded, with a view to...
Elder statesman and South-South Leader, Chief Edwin Clark, has urged President Bola Tinubu to prioritise the provision of palliatives to mitigate challenges that have arisen from fuel subsidy removal. Clark made the call in an interview with the News Agency of Nigeria (NAN) in Abuja on Thursday. NAN reports...
I am an angry Nigerian and those who know me must know why I have to be! As the pioneer Administrative Secretary of the Afenifere Renewal Group (ARG), one of the major organizers of the famous ‘Occupy Nigeria’ in 2012, yours sincerely can conveniently align his thoughts with a...
Forum of Commissioners for Finance of Nigeria has called on the Federal Government to ensure that all accruals from the removal of fuel subsidy go to the Federation Account. Outgoing Chairman of the Forum, Mr David Olofu made the call at a valedictory session for outgoing State Commissioners for...
Mr Ade Omole, a chieftain of the All Progressives Congress (APC) says the removal of fuel subsidy by President Bola Tinubu in the country’s best interest. Omole, a former Director of the Diaspora Directorate of the defunct APC Presidential Campaign Council (PCC), said this when he spoke with the...
Gov. Godwin Obaseki of Edo on Tuesday reduced the number of work days that civil and public servants would have to commute to their workplaces from five days to three days a week, amongst other measures. In a statement made available to newsmen in Benin, Obaseki said the measure...
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has commended the Federal Government for approving importation of petroleum products by private firms. Mr Chinedu Anyaso, Chairman of IPMAN Enugu Depot Community, in charge of Anambra, Ebonyi and Enugu States, said this while reacting to the development in Awka on...
Between an inaugural speech full of quotable nuggets and his reflex actions in just one week of presidential power, Mr. Bola Tinubu may have sketched the footprints of his presidency. A casual off script remark on the removal of fuel subsidy (‘Fuel subsidy is gone!’) has set off a...
Alhaji Garba Sani, Founding Chairman, APC United Kingdom Chapter, on Friday in Abuja, implored Nigerians to support the administration of President Bola Tinubu` in spite of the challenges posed by the removal of fuel subsidy. He gave the advice while speaking with the News Agency of Nigeria (NAN) at an...