Subsidy
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The pricing of petrol and the volatility in the foreign exchange market are pulling the plug on marketers’ efforts to join the Nigerian National Petroleum Company Limited (NNPC) in the importation of the product into the country. The controversy over whether petrol subsidy is really gone has reemerged as marketers continue to stay on the…
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Shehu Sani, a former Kaduna Central Senator, has warned Nigerians over the N8,000 palliative from President Bola Tinubu’s administration. Sani said Nigerians should pray before collecting the N8,000 from Tinubu’s administration. He claimed that those who collected the “jazzed” N10,000 under former President Muhammadu Buhari ended up in poverty. Tweeting, Sani wrote: “People who collected…
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An oil and gas expert has disclosed that subsidy regime, opaque method of distribution, insecurity, oil theft and point of distribution challenges are the reasons for the lingering fuel shortage in Nigeria. Gbenga Adeoye, an oil and gas expert who doubles as a chartered accountant, said this in a ChannelsTV interview monitored by MEZIESBLOG on…
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The Federal Government of Nigeria on Monday said it has not removed subsidies on the Premium Motor Spirit (PMS), otherwise known as petrol. Timipre Sylva, the Minister of State for Petroleum Resources, stated this while speaking with newsmen in Abuja. Sylva spoke on the sidelines of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…
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