On Monday evening, at exactly 7pm, President Muhammadu Buhari addressed Nigerians in a national broadcast. The broadcast focused on the current harsh economic challenges Nigerians are facing. EDITOR’S PICKS Kayokayo Festival Keeps Progressing, Now Global – Olu Epe Of Epe Epe Kayokayo Coordinator Otunba TJ Abass Announces Plans To Step Down Keep Hope Alive; Tinubu … Read more
EKO HOT BLOG reports that Governor Babajide Sanwo-Olu of of Lagos State has announced Palliatives measures to cushion the effect of the subsidy removal. The governor rolled out the palliatives at a media briefing on Monday. He ordered a 50 percent reduction on buses owned by the state government, with effect from Wednesday, and a … Read more
EKO HOT BLOG reports that the leadership of the organised labour have allegedly stormed out of the meeting of the Presidential Steering Committee on subsidy palliatives that was scheduled to take place at the presidential villa, Abuja. Recall that the Steering Committee meeting had met with the government delegation on Wednesday where the two parties … Read more
EKO HOT BLOG reports that Senate President Godswill Akpabio, reassured Nigerian workers that the government is prepared to review their salaries in an effort to offset the impact of fuel subsidy removal. Akpabio conveyed this assurance during a courtesy visit from the Governor of Ekiti State, Abiodun Oyebanji, and members of the National Assembly … Read more
Eko Hot Blog reports that Imo State Governor, Hope Uzodimma has announced a N10,000 salary raise for civil servants in the state to cushion the effect of the removal of fuel subsidy. The governor made this known during a stakeholder meeting held at Rockview Hotel Owerri on Saturday. Details Later….. Click To Watch Our Video … Read more
EKO HOT BLOG reports that Former Chief of Staff to the Imo State Governor and President Ugwumba Leadership Center for Africa, Uche Nwosu, has said President Bola Ahmed Tinubu used the declaration of state of emergency on food security as a platform to cushion the impact of the fuel subsidy removal. Nwosu in a … Read more
Former Aviation Minister Osita Chidoka advises Tinubu to ease hardship caused by fuel subsidy removal by eliminating bank charges and reducing pension contributions. Chidoka proposes removing bank transfer charges and implementing a flat rate for IT support, while also reducing employees’ pension contributions. These measures would increase disposable income and alleviate financial burdens for workers. … Read more
By abiodun KOMOLAFE 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 parody in Yoruba … Read more
TUC Demands Reversion to Old Petrol Pump Price and Minimum Wage Increase as Resistance against Subsidy Removal Grows. The Trade Union Congress (TUC) has asked the Federal Government to revert to the previous petrol pump price of N194 per litre and increase the minimum wage to mitigate the impact of subsidy removal. Negotiations are … Read more
The NLC has criticized the NNPCL for releasing a new pump price for fuel. They described it as “an ambush” and accusing the government of putting pressure on the people. The NLC urges the government to withdraw the pricing template and allow for open discussions between all parties involved. EKO HOT BLOG reports that the … Read more
Fayose has reacted to the fuel subsidy removal policy. According to the PDP Chieftain, Tinubu made the right decision to remove it. Recall that Tinubu announced the removal at his Inauguration speech. EKO HOT BLOG reports that a chieftain of the Peoples Democratic Party (PDP), Ayodele Fayose on Wednesday reacted to the removal of … Read more
Reps members have commended Tinubu on fuel subsidy removal The present removed the subsidy yesterday during his inauguration speech Though some are happy with the decision, it has caused significant rise in fuel price EKO HOT BLOG reports that the House of Representatives has hailedPresident Bola Tinubu for his decision to remove subsidy on Premium Motor … Read more
The Nigerian government is set to remove fuel subsidy, setting the stage for significant increase in petrol pump price. Although the subsidy is not officially removed, oil marketers across the country have raised prices in the last few months. In March 2023, Nigerians paid 42.63% more than they paid for fuel in March 2022. Eko … Read more
Atiku has said Nigeria must encourage local refineries to get rid of oil subsidy costs. Eko Hot Blog reports that the presidential candidate of the People’s Democratic Party (PDP), Atiku Abubakar, has said Nigeria needs functioning local refineries to be able to get rid of oil subsidy costs. EDITOR’S PICKS Twitter Launches $8 Monthly Subscription … Read more
Sanusi has said he is sorry for the next president over the oil subsidy matter. EKO HOT BLOG reports that the deposed Emir of Kano and vice chairman of Kaduna Investment Promotion Agency, Lamido Sanusi, has expressed his compassion for the next president that will succeed President Muhammadu Buhari, due to the perceived depleted state … Read more
The Minister of finance has revealed the expenses spent daily on subsidy EKO HOT BLOG reports that the Minister of Finance and National Planning, Zainab Ahmed, has disclosed that Nigeria spends N18.69 billion daily on petroleum subsidies. EDITOR’S PICK Tinubu Reveals Meeting Details With Obasanjo In Abeokuta JUST IN: Buhari Swears In RMAFC Chair, … Read more
…the PDP already has information of how corrupt APC leaders pushed for the additional ₦2.557 trillion to… EKO HOT BLOG reports that the Peoples Democratic Party (PDP) has demanded a full disclosure of specifics of the subsidy templates including details of the cost of importation of petroleum products into the country to warrant the additional … Read more
NLC has suspended nationwide protest over fuel subsidy. EKO HOT BLOG reports that the Nigeria Labour Congress (NLC) has suspended its nationwide protest for Thursday and February 2. The NLC said it took the decision at its National Executive Council meeting on Tuesday morning. Read Also: BREAKING: Lagos Govt Suspends NURTW Operations Indefinitely Congress said the … Read more
The Nigeria Labour Congress (NLC) has warned the Federal Government against plans to remove the fuel subsidy in 2022, saying the action will be met with nationwide protests. The congress said the planned rallies would commence without warning should the FG announce new fuel prices next year. The union disclosed it would stage a protest … Read more
Governor of Kaduna State, Nasir El-Rufai, says state governments are ready to support the Federal Government in the elimination of fuel subsidy regime. EKO HOT BLOG reports that gave the assurance in Abuja, at the presentation of the World Bank Nigeria Development Update, November 2021 edition titled “Time for Business Unusual.” El-Rufai, a panelist who joined … Read more