fuel subsidy

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Subsidy removal: Oil marketers want N250bn loan to build 30,000 gas stations

Oil marketers in Nigeria have written to the Nigerian government concerning plans to build about 30,000 gas stations to alleviate…

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Reconsider decision to remove fuel subsidy, NYCN appeals to FG

The Northern Youth Council of Nigeria (NYCN) has appealed to the Federal Government to discard its plans to remove fuel…

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Petroleum subsidy: FG secures $800m World Bank fund for palliative

Nigeria has secured $800 million from the World Bank to scale up its national social programme ahead of the removal…

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Fuel subsidy causing too much deficit, finance minister laments

 Cross Udo, Abuja The Minister of Finance, Zainab Ahmed, yesterday revealed that the fuel subsidy was causing Nigeria’s large budget…

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FG to spend N3.36trn on petrol subsidy until mid-2023

Nigeria will keep its costly but popular petrol subsidy until mid-2023 and has set aside 3.36 trillion naira ($7.5 bln)…

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Fuel subsidy to gulp N3.36trn in 2023 as debit profile hits $102bn

The Federal Government has allocated N3.36 trillion for fuel subsidy in 2023 as Nigeria’s debt profile hits $102 billion. Minister…

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Reps summon finance minister, demand oil subsidy claims documents

The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, to make available before…

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“Non-removal of fuel subsidy hurting the nation”-Minister of Finance

Different stakeholders in the economic sector have called for the removal of fuel subsidy for the benefit of Nigerians. The…

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Reps approve N4trn for fuel subsidy as Police get N182bn salary increase

 The House of Representatives on Thursday approved N4 trillion for fuel subsidy in the revised 2022 Medium-Term Expenditure Framework (MTEF)…

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Remove petrol subsidy, expert urges FG

An oil and gas expert, Mr James Gooder, has advised the Federal Government to remove subsidy on Premium Motor Spirit…

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