“We don’t control the daily movement of prices. But as a policy decision, we have decided that we wouldn’t be paying fuel subsidy. The policy remains.” The post Minister’s comments worsen controversy on Nigeria’s petrol subsidy “removal” appeared first on Premium Times Nigeria. Powered by WPeMatico
I approved N70,000 minimum wage due to removal of fuel subsidy – Gov Obaseki
Edo State Governor, Godwin Obaseki on Wednesday said he approved a new minimum wage of N70,000 for civil servants in the state due to the economic hardship occasioned by the removal of fuel subsidy by the Federal Government. DAILY POST reports that Obaseki said this while addressing workers during the May Day celebration at Samuel […]
‘Tinubu paying fuel subsidy more than before’ – El-Rufai
The former governor of Kaduna State, Mallam Nasir El-Rufai, has claimed that the President Bola Tinubu-led Federal Government is currently subsidising fuel for Nigerians. Fielding questions from journalists in Maiduguri, the Borno State capital, on Monday, El-Rufai said the FG is now paying fuel subsidy more than before. DAILY POST recalls that the president declared […]
Fuel subsidy removal reason for Nigeria’s soaring inflation – Study
A study has shown that fuel subsidy removal, not the surge in money supply, is the major driver of Nigeria’s soaring inflation. Eric Ismail Otaokhia of the Department of Economics, Ahmadu Bello University, Zaria, disclosed this in a study published in the latest edition of Bullion, a publication of the Central Bank of Nigeria, CBN. […]
FG still paying about N1 trillion on fuel subsidy monthly – Pinnacle Oil boss, Dickerman
The Chief Executive Officer, CEO, and Managing Director of Pinnacle Oil and Gas Limited, Robert Dickerman, has revealed that the Nigerian Government still pays one trillion naira every month for petrol subsidy. This is despite the total deregulation of petroleum products as announced by President Bola Tinubu on the day of his inauguration. Pinnacle Oil […]
Naira fall: Consider bringing back fuel subsidy – Group urges Tinubu
A group, No Justice, No Peace Initiative, has urged President Bola Ahmed Tinubu to consider bringing back fuel subsidy. It noted that the masses are not benefiting from subsidy removal stressing that only officials in government do. National Coordinator of the group Comr. (Amb.) Derrick Oritsematosan Agberen made the call in a statement signed and […]
Fuel subsidy back in full force – Ex-TUC President, Peter Esele
Former Trade Union Congress, TUC president, Peter Esele, has alleged that the Federal Government resumed payment of fuel subsidy. Esele made the claim during an interview on Channels ‘Sunrise Daily’ show on Tuesday, February 20. Esele said in part: “Fuel subsidy is back, this is not something we should be arguing about, it is back […]
Why this is worst time in Nigeria’s history — Catholic Bishops
Keeping hope alive – How the Tinubu strategy will deliver, By ‘Tope Fasua
These two key reforms that the government has embarked upon are actually designed to remake an economy. Their success will also bring with it a total overhaul of public service, higher earning for all and sundry – including our artisans who are hardly organised these days, a new understanding in resource management, better compliance around […]