Tag: Fuel Subsidy

World Bank applauds NewsWireNGR Twitter spaces on fuel subsidy

World Bank in Nigeria has applauded a Twitter spaces organised by NewsWireNGR. The spaces titled: ‘End of Fuel Subsidies: Fuel price hike / NLC Protest‘ had BudgIT lead, Seun Onigbinde, as one of the speakers. Concerns about the timing of the removal of petrol subsidy in the country was part[Read More…]

Resolving the controversies on fuel subsidy removal

By Afolabi Faramade Once again, the media space has been dominated by the unending controversy on the issue of fuel subsidy. It is apparent that the debate which has been raging since the return to democracy in 1999 will not abate anytime soon. Top Government officials have always been lamenting[Read More…]

Removal of fuel subsidy will benefit the ordinary Nigerians

By: Ebisan Petra Wilkie In 2020, Nigeria’s fuel subsidy cost the country more than 8 billion dollars, and it is expected to be higher in 2021 because the country hasn’t set a viable plan that will transfer the money to other sustainable needs. The total amount paid for fuel subsidy[Read More…]

Every corruption in the downstream industry is connected to fuel subsidy – Mele Kyari

The Group Marketing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has dismissed the criticism that followed the recent fuel price increase. “The outburst is very understandable but I also believe very strongly that it is misplaced because Nigerians are not aware of the opportunities lost,” he said[Read More…]

Subsidy Removal: “I was demonised” for this – Atiku

A former Vice President of Nigeria, Atiku Abubakar commended the Federal Government for ending the regime on subsidy for imported petroleum products, ruing the opportunity the government had to implement the policy while the economy was stronger. In a series of tweets on Friday June 5, 2020, Atiku said it[Read More…]

Ijaw Group Wants “Save Nigeria Group” To Tender Unreserved Apology To Jonathan Over Fuel Subsidy Removal

The Concerned Ijaw Transformation Ambassadors (CITA) has said that Bola Tinubu, Prof. Wole Soyinka, Pastor Tunde Bakare, Hon. Patrick Obahiagbon, John Oyegun and the leadership and members of the Save Nigeria Group to tender an unreserved apology to former President Dr. Goodluck Jonathan over the sinister role they played when[Read More…]

Fuel Subsidy Strike: Don’t Allow Labour Deceive You Again – CNPP Tells Nigerians

The Conference of Nigeria Political Parties (CNPP) has warned Nigerians not be deceived again ahead of planned industrial action by the organised labour over increase in pump price of petrol. CNPP equallly urged Nigerians not to trust the Labour unions as they have been compromised, saying that the planned strike[Read More…]

It Will Get Worse Before it Gets Better By Pius Adesanmi

  One argument being pushed by the Federal Government (via Osinbajo et al) and supporters of fuel subsidy removal (appropriate pricing, deregulation, downstreaming, market remedy – they have called the beast so many names my head is spinning) borders on the idea of the impenetrable darkness which always looms before[Read More…]

“I Will Mobilise Nigerians Against You” – Senator Dino Melaye Threatens Buhari Over Fuel Subsidy Removal

Kogi Senator Dino Melaye has asked Pres. Muhammadu Buhari to ‘immediately reverse’ the increase in pump price of fuel. He said the increase will have an unbearable effect on Nigerians and added, “this is now what we promised Nigerians”. Melaye, writing on his Facebook page, called on the leadership of the ruling[Read More…]

Breaking: FG Removes Subsidy Without Consultation With Nigerians, Fuel To Sell For 145/ltr

The Federal Government has finally removed subsidy from sale Premium Motor Spirit, PMS, also known as petrol with immediate effect. NNPC sources this afternoon said marketers as it will now sell for N145 per litre. The move is done without consultation with the Nigerian Public   Read statement below.. Press[Read More…]