Fuel subsidy
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President Bola Tinubu yesterday declared that with the elections over, it was time to unite and build Nigeria, stressing that “no one of us has control of our mother tongue.” Tinubu has also made a firm commitment that his administration would complete the Eastern Rail line connecting Port Harcourt to Maiduguri while pledging to develop…
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President Bola Tinubu says he has no regrets about removing petrol subsidy in May 2023, insisting that Nigeria cannot continue to be Father Christmas to neighbouring countries. “I don’t have any regrets whatsoever in removing petrol subsidy. We are spending our future, we were just deceiving ourselves, that reform was necessary,” the former Lagos governor…
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……Will food, fuel prices drop? •Resort to prayers not solution to Nigeria’s economic woes — MBF•Prayer alone ‘ll not solve our economic woes —Archbishop Opoko Last week, the National Security Adviser, Malam Nuhu Ribadu and Nigeria’s First Lady, Mrs Oluremi Tinubu led a National Prayer at the National Mosque in Abuja where Muslims gathered for…
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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” According to SERAP, the suit followed the allegations documented in the recently published 2020 audited…
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President Bola Tinubu on Monday said the Federal Government of Nigeria has saved N1tn in the two months since the removal of the petrol subsidy. Tinubu said these monies that would have been otherwise squandered by those he called “smugglers and fraudsters” will now be channeled into intervention programmes targeting families nationwide “In a little…
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In a bid to help Lagos residents cope with the effects of fuel subsidy removal, Governor Babajide Sanwo-Olu has announced palliatives. With effect from Wednesday, there will be a 50% reduction on Lagos buses. Sanwo-Olu has also approved a 25% reduction in yellow buses fees, which will be officially announced by their union. A tweet…
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Representatives of the Federal Government and the leadership of the Nigeria Labour Congress, NLC, will on Monday, today, resume talks on petrol subsidy removal palliatives. Recall that following the removal of the fuel subsidy on May 29, the NLC had threatened to shut down the country’s economy by embarking on industrial action. However, on June…
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Members of the National Economic Council, made up of governors of the 36 states of the federation, met at the Presidential Villa on Thursday, where they deliberated extensively on the subsidy removal policy and how they can reflate the economy and cushion its impact on Nigerians. Part of their deliberations, according to Bauchi State Governor,…
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The Trade Union Congress (TUC) has urged the Federal Government to revert to status quo over its decision to remove fuel subsidy. Mr Festus Osifo, TUC President, spoke while addressing newsmen at the end of an emergency meeting of the congress’s National Executive Council (NEC) meeting on Friday in Abuja. According to Osifo, the TUC…
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The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against the upward…
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Nigerian famous entertainer and socio-political activist Charles Oputa, known by his stage name, Charly Boy, has thrown his weight behind the decision of President Bola Tinubu to remove fuel subsidy. There has been public outcry over the skyrocketed new pump price of petroleum products following the removal of the subsidy. The Petroleum Motor Spirit, PMS,…
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A member of the Adamawa State House of Assembly, Haruna Jilantikiri, has opted for an electric bicycle, instead of a car due to the high cost of Premium Motor Spirit (PMS), otherwise called petrol, MEZIESBLOG learnt. The lawmaker, who is also the Chief Whip of the state House of Assembly was on Thursday sighted on…
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The Nigeria Labour Congress says it has no plan to hold any nationwide protest on Friday against the present hike in price of Premium Motor Spirit (PMS) popularly known as petrol caused by subsidy removal. The Congress said though it was outraged by what it described as “mindless price increase which is intended to bring…
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