The ASUU president listed some of the issues in contention to include renegotiations of the 2009 agreement, payment system for members, and revitalisation of the nation’s universities He stressed that no concrete resolution was reached despite the series of meetings with the government delegation EDITOR’S PICK How I Was Assaulted By Professor – OAU Female … Read more
Buhari Seeks NASS Approval For Fuel Subsidy Raise To N4trn. The president explained that an adjustment to the 2022 fiscal framework became imperative in view of new developments in both the global and domestic economies. EDITOR’S PICK JUST IN: FG Declares Easter Holidays JUST IN: Tears As Pregnant Woman, Baby, Others Burnt To Death In … Read more
…the Federal Government will have to make an incremental provision of ₦2.557 trillion in order to meet subsidy requirements… EKO HOT BLOG reports that the Nigerian National Petroleum Corporation (NNPC) has requested the sum of three trillion naira (₦3,000,000,000,000) as fuel subsidy for 2022. Minister of Finance, Budget, and National Planning, Zainab Ahmed, disclosed this … Read more
The proposed increase in the price of petrol had been met with outrage from individuals and groups… EKO HOT BLOG reports that amid the controversy trailing the planned fuel subsidy removal, Femi Adesina has insisted that the Federal Government did not rescind its decision because of the forthcoming elections. Adesina, the President’s Special Adviser on … Read more
…the government has concluded plans to approach the National Assembly to amend the Petroleum Industry Act (PIA) EKO HOT BLOG reports that the Federal Government is proposing to extend the period for the implementation of the removal of fuel subsidy by 18 months. The Minister of State for Petroleum Resources, Timipre Sylva, announced this on … Read more
The NLC leadership recently kicked against the proposed increase in the price of petrol EKO HOT BLOG reports that the Nigeria Labour Congress (NLC) insists its planned nationwide protest on Thursday, January 27, 2022 will hold as scheduled despite an announcement by the Federal Government that its plan to remove fuel subsidy has been halted. … Read more
…the Minister of Finance said her ministry consulted widely and discovered that the federal government cannot go ahead with the removal plans… EKO HOT BLOG reports that the Federal government on Monday said there won’t be any removal of fuel subsidy anytime soon as a result of perceived difficulties associated with it. Minister of Finance, … Read more
…the TUC in a communique said the government must ensure that local refineries are operational before such a move is implemented. EKO HOT BLOG reports that the Trade Union Congress (TUC) on Saturday gave conditions for the removal of fuel subsidies. The Federal Government has hinted that it may end the subsidy programme in June … Read more
Fayemi had said all governors met and discussed issues of national importance, including removal of subsidy… EKO HOT BLOG reports that the Nigerian Governors’ Forum (NGF) on Thursday said it will engage the organised labour unions on the removal of fuel subsidies in the country. Governor Kayode Fayemi, NGF Chairman, made this known while briefing … Read more
Petrol price currently sells between ₦162 and ₦165 per litre EKO HOT BLOG reports that the National Economic Council (NEC) has recommended an increase in the price of fuel, according to TheCable. Fuel currently sells between ₦162 and ₦165 per litre in the country. In a report, the online newspaper said NEC, chaired by Vice-President … Read more
…noted that the TUC was not against the removal of the fuel subsidy if it would yield positive results. EKO HOT BLOG reports that key labour unions in Nigeria met on Tuesday in Abuja where they outlined the conditions the Federal Government must meet before it would be allowed to remove fuel subsidy. Officials of … Read more
The Federal Government has spoken on plan to end fuel subsidy. Ekohotblog reports that the Federal Government has finally spoken that there is no plan to end petrol subsidy for now. Speaking on behalf of the Federal Government at a panel session during the 27th Nigerian Economic Summit (NES#27) in Abuja on Monday, Finance, Budget … Read more
Lawan, while probing the multi-billion naira fuel subsidy fraud in 2012, has been accused of soliciting and collecting a $3 million bribe from billionaire businessman, Femi Otedola. A High Court sitting in the Federal Capital Territory (FCT) has sentenced the former Chairman of the House of Representatives ad-hoc committee on Petroleum Subsidy, Farouk Lawan to … Read more
“We are subsidising more for the rich than the poor, and secondly, the bulk of that money is actually going into private pockets because of round-tripping. Delta Governor Dr Ifeanyi Okowa, has on Thursday urged the Federal Government to re-direct fuel subsidy funds to healthcare and education services to touch the lives of poor Nigerians, … Read more
Minister of Petroleum Resources, Chief Timipre Sylva, has said the Federal Government cannot continue to pay for subsidy because of the current economic situation in the country. Timipre said the subsidy money has been benefiting some certain businessmen in the country. The Federal Government has insisted that Nigerians should brace up for an increment in … Read more
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, spent N12.69 billion to subsidise Premium Motor Spirit, PMS, in five days, between Monday, December 16 and Friday, December 20, 2019. This was contained in data obtained, yesterday, from the Petroleum Products Pricing Regulatory Agency, PPPRA. In the pricing templates for PMS, also known as … Read more
The Federal Government has spent N462bn on subsidy for Premium Motor Spirit, PMS, in nine months. The Nigerian National Petroleum Corporation, NNPC, disclosed this on Monday in a new data released. Findings from the data released by the NNPC Monthly Financial and Operations Report for September 2019, revaled that the amount incurred as a subsidy … Read more