A former presidential candidate of the Action Democratic Congress (ADC), Mr Dumebi Kachikwu, says all the subsidy palliatives prescribed by the Federal Government are tokens in nature and cannot ameliorate the plights of Nigerians. Kachikwu said this in a statement on Tuesday in Abuja. He said that...
fuel subsidy
The Arewa Citizens Watch for Good Governance, (ACWGG), a watchdog group advocating good governance, says it will hold massive protests on Aug. 3 against fuel subsidy removal. The group said the protest was to show dissatisfaction with the leadership of the Group Managing Director of the Nigeria National Petroleum...
The Jigawa government says it has approved N50 million to empower 1,000 women traders, to cushion the effect of fuel subsidy removal on their businesses. The State Commissioner for Information, Youths, Sports and Culture, Mr Sagir Musa stated this at a news conference at the end of the State...
I patiently listened to one Bala Zaka speak in his interview with Arise TV. He was described on the show as an “oil and gas expert”. I am not an “oil and gas expert”, but I have studied, published, and spoken about Nigeria’s oil and gas industry over many...
High-level sources in NNPC Ltd. have come out in full force, to explain the operations of the company against the backdrop of “blatant misinformation’’ on the activities of the firm. The News Agency of Nigeria (NAN) learnt on Thursday in Abuja that the gesture is aimed at facilitating better...
The National Economic Council (NEC) meeting is being held at the Council Chambers of the State House in Abuja on Thursday. The meeting, which is being chaired by the Vice President Kashim Shettima, has in attendance governors of the 36 states of the Federation, the Director General of the...
By SADIQ ABUBAKAR, Maiduguri – Borno State Contributory Healthcare Management Agency (BOSCHMA) has introduced transport allowance for its staff to cushion hardships beng faced by the staff following recent increase in price price which was as a result of the fuel subsidy removal by the federal government last...
The Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON) has expressed dismay over the continuous hardship its members face due to the increase in petrol pump price. It said on Wednesday that despite the increase, the app companies had refused to adjust fare price to profit the workers....
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)...
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...