Fuel Subsidy – Page 6

No More Pain At The Pump: FG To Explore Alternatives To Fuel Subsidy That Can Spare The Strain

Apr 21, 2023.Apr 21, 2023. by Ekohot Editor

FUEL SUBSIDY: FG Considering Alternatives That Won't Hurt Nigerians

There are ways in which the Fuel Subsidy removal won’t hurt Nigerians, permanent secretary of the Ministry of Petroleum Resources. Amb. Gabriel Aduda reveals. He made the statement during a press briefing on Thursday at the conclusion of the Nigeria International Energy Summit. According to Gabriel Aduda, the Federal Government are considering ways to effectively … Read more

Fortification Of Local Refineries Should Precede Fuel Subsidy Removal– NUPENG

Apr 13, 2023. by Praise Ben

NUPENG has demanded that local refineries be functioning before any plan to remove fuel subsidy is made. NUPENG expressed disappointment in the government’s failure to make the three national refineries operational before contemplating the removal of the subsidy. The union is not against the removal of the subsidy but insists that local refining must be … Read more

Fuel Subsidy Removal: Northern Youths Warn Of Dire Consequences For Struggling Nigerians

Apr 7, 2023. by Praise Ben

The Northern Youth Council of Nigeria has warned against the Federal Government’s plan to remove fuel subsidy.
They fear that this move would increase the cost of living for Nigerians and cause severe economic consequences.
The NYCN has called on the government to prioritize job creation and economic growth instead of removing the subsidy.

EKO HOT BLOG reports that the The Northern Youth Council of Nigeria (NYCN) has warned against the plan of the Federal Government to remove fuel subsidy.

In a statement in Kaduna on Thursday, the President of the Council, Isa Abubakar, expressed the group’s opposition to the proposed fuel subsidy removal in June.

EDITOR’S PICKS

Tinubu’s Camp Claps Back At NLC: Fuel Subsidy Stance Triggers Discord

Apr 6, 2023.Apr 5, 2023. by Otunba T.J Abass

The NLC has been heavily criticized by Tinubu’s faction for opposing the removal of fuel subsidies. According to the NLC, removing fuel subsidies will fire the country. Reacting to the NLC’s warning, Keyamo said the NLC ‘contradicted itself’. EKO HOT BLOG reports that the Chief Spokesperson for the Bola Tinubu Presidential Campaign Council (PCC), Festus … Read more

Fuel Subsidy Removal: Tinubu Will Follow Through The Course Charted By Buhari — Keyamo

Apr 3, 2023.Apr 3, 2023. by Ekohot Editor

June 12: Catholic Bishop Sends Tinubu A Message

Nigerian Minister of Labour, Festus Keyamo has revealed some parts of the plan the Bola Tinubu administration will come into government with following its ascension to power on May 29. Fuel Subsidy removal will be one of the key factors the Tinubu administration will carry on from Muhammadu Buhari. However they will be facing resistance … Read more

Ghana Announces Removal Of Fuel Subsidy

Mar 15, 2023.Mar 15, 2023. by Otunba T.J Abass

Ghana’s government has announced the removal of fuel subsidy. The removal is one of the regulatory measures implemented by the country to ensure stability in its downstream sector. According to Abdul Hamid, the plans were implemented in response to the global oil and gas market volatility caused by the Russian-Ukraine war. EKO HOT BLOG reports … Read more

Buhari Govt To Begin Removal Of Petrol Subsidy In April

Jan 19, 2023.Jan 19, 2023. by Praise Ben

Petrol subsidy removal will begin in April. According to the finance minister, subsidy removal appears to be the position of all presidential candidates. The World Bank and the International Monetary Fund (IMF) say removing fuel subsidies is one of the fiscal reforms urgently needed. EKO HOT BLOG reports that President Muhammadu Buhari’s government has announced … Read more

Subsidy: ‘We Rack Up Debts For Our Fuel Needs’ – FG

Jan 19, 2023.Jan 19, 2023. by Praise Ben

FG has revealed that the country incurs debt sometimes just to purchase petrol due to the fuel subsidy. According to the Minister, there is a high possibility of global economic recession this year. The Minister believes the government would be able to increase the revenue performance on the 2022 figure, as well as reduce the … Read more

‘Fuel Subsidy Regime Must Come To An End’ – Tinubu

Jan 3, 2023.Jan 2, 2023. by Praise Ben

Tinubu has stated that the fuel subsidy regime must come to an end. EKO HOT BLOG reports that the All Progressives Congress presidential candidate (APC), Bola Tinubu, has insisted that the fuel subsidy regime has to end. The former Lagos State Governor submitted that fuel subsidy removal will end wastage and make government funds readily … Read more

Fuel Will Sell At N400/litre Without Subsidy – Oil Marketers

Nov 28, 2022.Nov 28, 2022. by Praise Ben

Oil marketer has approximated N400/litre as the price of fuel without subsidy. EKO HOT BLOG reports that oil marketers have revealed that the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, at N400/litre without subsidy. Oil marketers, who made the disclosure on Sunday, also gave other reasons for the continued … Read more

Fuel Subsidy: ‘My Life Is In Danger’ – NNPC MD, Mele Kyari Cries Out

Nov 10, 2022.Nov 10, 2022. by Praise Ben

The NNPC MD has cried out over alleged death threats. EKO HOT BLOG reports that the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari, has revealed that his life is being threatened by some individuals for speaking against petroleum subsidy. Kyari, who blamed the petroleum subsidy for the growing rate … Read more

“Fuel Subsidy is an Oppression of the Masses; Remove It,” Tinubu

Nov 3, 2022.Nov 2, 2022. by Praise Ben

Tinubu has said the fuel subsidy should be removed in Nigeria. EKO HOT BLOG reports that the presidential candidate of the All Progressives Congress (APC), Bola Tinubu has stated the oil subsidy programme should be removed in Nigeria. Though he stated that he is a beneficiary of the oil subsidy scheme by the government, the … Read more

‘NNPC Cannot Prove 98m Litres/Day Consumption’ – Customs Boss Faults Subsidy Payment

Sep 2, 2022. by Ekohot Editor

‘NNPC Cannot Prove 98m Litre/Day Consumption’ – Custom Boss Faults Subsidy Payment EKO HOT BLOG reports that the Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (rtd.), has stated that the Nigerian National Petroleum Company Limited (NNPC) cannot justify the volume of Premium Motor Spirit (otherwise known as petrol) being consumed in the country … Read more

FG Finally Reveals When Fuel Subsidy Will Come To An End (Details)

Aug 19, 2022. by Praise Ben

FG Has Revealed When Fuel Subsidy Will End EKO HOT BLOG reports that the Federal Government on Thursday said it will end payments on petrol subsidy in June 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this on Thursday during an inquiry by the House of Representatives Committee over … Read more

Fuel Subsidy Is Estimated At N6.72tn For 2023 – Finance Minister

Jul 22, 2022. by Ekohot Editor

Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS), better known as petrol The Minister said subsidy payment projection is based on two prevailing scenarios — business-as-usual or reform EDITOR’S PICK INEC Declares PDP’s Adeleke Osun Gov-Elect Yemi Osinbajo Undergoes Leg Surgery Governor Sanwo-Olu Charges Officials Over Poaching Of State Athletes EKO … Read more

Why Fuel Subsidy Cannot Be Removed Now – Lai Mohammed

Jul 5, 2022. by Ekohot Editor

The Federal Government shelved plans to abolish fuel subsidies earlier this year, a move that raised concerns with the International Monetary Fund (IMF) The Minister believes that a new industry law that allocates money to oil-producing communities would stop attacks EDITOR’S PICK Firm Announces Annual Tonnes Of Plastic Waste Generated In Lagos LASG Partners ELCA … Read more

Why Introducing Subsidy On Diesel Is Unlikely – NNPC

Jun 29, 2022. by Ekohot Editor

Kyari stated that the government cannot afford the payment of subsidies on diesel The lawmakers had summoned stakeholders in the oil and gas sector, including NNPC and NMDPRA to an investigative hearing EDITOR’S PICK Ohanaeze Reveals Why Nnamdi Kanu Was Denied Bail Drama As PDP Gives Ex-President Obasanjo 48hrs To Clarify Atiku’s ‘Regret’ Remarks Tinubu … Read more

PDP To APC: ‘You Lack The Political Will To Resolve Subsidy Issues’

Jun 26, 2022. by Ekohot Editor

The PDP said the resurgence of long fuel queues in filling stations across the country explains the lack of political will in solving perennial subsidy issues Oil marketers had complained of the price of petrol compared to how much it took to deliver it to the final consumer EDITOR’S PICK Buhari Nominates New RMAFC Chairman … Read more

Why Nigeria Has Not Removed Fuel Subsidy – Buhari

Jun 22, 2022. by Ekohot Editor

Buhari said the effects of removing fuel subsidies would have been too harsh on the Nigerian people He said the government is working on boosting local capacity in order to stem the inflationary pressures that are likely to be triggered EDITOR’S PICK: 2023: Things To Know As APC Presidential Primary Begins Today (FULL UPDATE) Adamu … Read more

Selling Petrol At ₦165/Litre Unrealistic, IPMAN Reacts As Fuel Scarcity Hits Lagos

Jun 21, 2022. by Ekohot Editor

The IPMAN official was quick to say the fuel scarcity had nothing to do with the removal of subsidy or deregulation of the petroleum sector Akinrinade stressed that it was no longer feasible to sell the product at the recommended price of ₦165 to a litre… EDITOR’S PICK: 2023: Things To Know As APC Presidential … Read more