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Subsidy: FG reiterates June timeline for total removal as scarcity persists

Posted by 1st news
|Date: January 04, 2023
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Subsidy: FG reiterates June timeline for total removal as scarcity persists

The Federal Government has said that it will stop the payment of fuel subsidy by the end of June 2023. Th ...

The Federal Government has said that it will stop the payment of fuel subsidy by the end of June 2023. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this on Wednes ...

January 04, 2023
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Subsidy: FG reveals 2023 timeline for total removal, Nigerians might pay more for fuel

Posted by 1st news
|Date: November 16, 2022
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Subsidy: FG reveals 2023 timeline for total removal, Nigerians might pay more for fuel

Zainab Ahmed, Minister of Finance, Budget, and National Planning, has disclosed that the Federal Governme ...

Zainab Ahmed, Minister of Finance, Budget, and National Planning, has disclosed that the Federal Government will end petroleum subsidy by June 2023. Ahmed made this statement on Tuesday, November 15, ...

November 16, 2022
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World Bank urges FG to eliminate fuel subsidies

Posted by 1st news
|Date: September 02, 2022
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World Bank urges FG to eliminate fuel subsidies

David Malpass, the president of the World Bank Group, has stated that the bank is prepared to assist Nige ...

David Malpass, the president of the World Bank Group, has stated that the bank is prepared to assist Nigeria in eliminating regressive fuel subsidies while boosting social assistance for the underpriv ...

September 02, 2022
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FG reveals fuel subsidy gulps N18.39bn daily

Posted by 1st news
|Date: August 18, 2022
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FG reveals fuel subsidy gulps N18.39bn daily

The Federal Government (FG) has disclosed that the projected daily payment for fuel subsidy stands at N18 ...

The Federal Government (FG) has disclosed that the projected daily payment for fuel subsidy stands at N18.39 billion. This was disclosed on Thursday, August 18, 2022 by the Minister of Finance, Zainab ...

August 18, 2022
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Subsidy payments could hit N7trn mark in 2023 — Finance Minister

Posted by 1st news
|Date: July 21, 2022
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Subsidy payments could hit N7trn mark in 2023 — Finance Minister

Nigeria could spend up to N6.72 trillion ($16.2 billion) next year if it keeps a fuel subsidy in plae. Sp ...

Nigeria could spend up to N6.72 trillion ($16.2 billion) next year if it keeps a fuel subsidy in plae. Specifically, Nigeria's Finance Minister Zainab Ahmed disclosed this on Thursday, July 21, 2022 A ...

July 21, 2022
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Why Buhari deferred fuel subsidy removal – BMO

Posted by Gideon Ayogu
|Date: January 28, 2022
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Why Buhari deferred fuel subsidy removal – BMO

The decision of President Muhammadu Buhari to defer the removal of fuel subsidy has nothing to do with th ...

The decision of President Muhammadu Buhari to defer the removal of fuel subsidy has nothing to do with the 2023 elections. This is the stand of the Buhari Media Organisation (BMO). Rather, the Preside ...

January 28, 2022
| by Gideon Ayogu

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IMF expresses worry over return of fuel subsidies in Nigeria

Posted by Gideon Ayogu
|Date: June 18, 2021
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IMF expresses worry over return of fuel subsidies in Nigeria

The International Monetary Fund (IMF) has expressed concerns over recent moves by the Nigerian government ...

The International Monetary Fund (IMF) has expressed concerns over recent moves by the Nigerian government to reinstate the fuel subsidy regime. In addition, the international agency has advised the Pr ...

June 18, 2021
| by Gideon Ayogu

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Buhari explains rationale behind electricity tariff increase, says subsidies ‘irresponsible’

Posted by Mayowa Oladeji
|Date: September 07, 2020
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Buhari explains rationale behind electricity tariff increase, says subsidies ‘irresponsible’

President Muhammadu Buhari, on Monday, September 7, explained the reason behind the recent hike in electr ...

President Muhammadu Buhari, on Monday, September 7, explained the reason behind the recent hike in electricity tariff. Buhari stated that it will be “grossly irresponsible” to borrow to subsidise elec ...

September 07, 2020
| by Mayowa Oladeji

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Fuel subsidy removal advocates did not give Nigerians full gist – Seye Olaniyonu

Posted by Gideon Ayogu
|Date: September 05, 2020
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Fuel subsidy removal advocates did not give Nigerians full gist – Seye Olaniyonu

There is a popular saying, 'be careful what you wish for.' Nothing best sums up the reality of the fuel s ...

There is a popular saying, 'be careful what you wish for.' Nothing best sums up the reality of the fuel subsidy removal than those wise words. Government was smart to remove the subsidy when th ...

September 05, 2020
| by Gideon Ayogu

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No plan to remove fuel subsidy now — FG

Posted by Mayowa Oladeji
|Date: April 14, 2019
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No plan to remove fuel subsidy now — FG

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April 14, 2019
| by Mayowa Oladeji

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