fuel subsidy

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the Federal Government will do away with petroleum subsidy by June 2023.Ahmed said...

The Federal Government says N3.36tn has been allocated for fuel subsidy in 2023 as Nigeria’s debt profile hits $102bn.The Minister of Finance, Zainab Ahmed,...

The Director General of the Budget Office of Nigeria, Ben Akabueze, says the trillions of naira spent on fuel subsidy can be deployed to...

Labour Party presidential candidate, Peter Obi, has insisted that Nigeria’s implementation of fuel subsidy is a ‘scam’.Speaking on a monitored programme on Arise Television,...

The Minister of Communication and Culture, Lai Mohammed, has said that the Federal Government cannot, at the moment, remove subsidies on the Premium Motor...

President Muhamamdu Buhari has defended the federal government’s decision to keep paying fuel subsidies.In a response to Bloomberg, the President said the effects of...

The Nigerian National Petroleum Company (NNPC) says it deducted N245.77 billion for petrol under-recovery costs in March.The value shortfall comprises the previous months’ outstanding...

The Academic Staff Union of Universities (ASUU) has accused the Federal Government of failing to prioritise the development of university education in the country.ASUU...

The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and...

President Muhammadu Buhari has submitted the 2022 Appropriation Act amendment proposal to the National Assembly.In the amendment proposal, the President earmarked the sum of...