The federal government of Nigeria has not dropped plans to remove fuel subsidy by June 2023. NEC has stated that the fuel subsidy must be removed as it’s not sustainable. The full subsidy removal by June 2023 remains the target as contained in the 2023 fiscal framework and appropriation act as well as the petroleum … Read more
Buhari further insisted that the affected Ministers can continue to perform their functions without necessarily being members of the board of NNPC Limited. EKOHOTBLOG reports that President Muhammadu Buhari has written a letter to the Senate to seek an amendment to the recently enacted Petroleum Industry Act (PIA). This was made known by the Senate … Read more
The Petroleum Products Pricing Regulatory Agency (PPPRA) has spoken about the increment of petrol price in the country. EKOHOTBLOG reports that the Petroleum Products Pricing Regulatory Agency (PPPRA) has said that the negotiations between the Federal Government (FG) and Organised Labour would minimise the effect of subsidy removal upon full deregulation of the oil sector. … Read more