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 … Continue reading TINUBU: Nigeria has saved over N1 trillion since fuel subsidy removal
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 … Continue reading BREAKING: Sanwo-Olu announces 50 per cent reduction on Lagos buses
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 … Continue reading Fuel Subsidy: Labour, FG meet today
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, … Continue reading SUBSIDY REMOVAL: NLC recommends N702bn salary adjustment as petrol allowances for workers
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 … Continue reading TUC warns FG on subsidy removal
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 … Continue reading NNPC: Petrol price will come down soon
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, … Continue reading Charly Boy backs Tinubu administration on fuel subsidy removal
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 … Continue reading Nigerian lawmaker using electric bicycle to identify with the masses over fuel price hike
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 … Continue reading NLC postpones protest for fuel subsidy removal
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