The meeting between the Federal Government and the Nigerian Labour Congress (NLC) over fuel subsidy removal has ended without a consensus. The meeting began around 4pm on Wednesday at the Presidential Villa. Representatives of the Federal Government, including Dele Alake, the spokesperson for President Bola Tinubu; and the Group CEO of the Nigerian National Petroleum […]
Tag: Fuel subsidy
Fuel Subsidy: Tinubu’s Supporters Now Unable To Go To Work – Sowore
The candidate of the African Action Congress (AAC), Omoyele Sowore has faulted President Bola Tinubu over his announcement on the removal of fuel subsidy. Sowore stated this in a statement via his verified Twitter handle on Wednesday. The AAC presidential candidate, who opposes the fuel subsidy removal, said Tinubu failed to announce an increase in […]
FG Owes NNPC ₦2.8 Trillion Spent On Petrol Subsidy – Mele Kyari
Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the federal government still owes the firm the sum of N2.8 trillion spent on petrol subsidy. Addressing journalists after a meeting with President Bola Tinubu in Abuja, on Tuesday, Kyari said the subsidy payment was no longer sustainable as […]
NNPC Confirms Increase In Fuel Pump Price
NNPC Limited, has confirmed the full deregulation of the downstream sector of the Nigerian Petroleum Industry with petrol now selling at market price following the removal of subsidy by President Bola Tinubu. NNPC, in a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad on Wednesday, said pump price at its retail stations have […]
BREAKING: FG Announces New Price Of Petrol Per Litre
The Federal Government of Nigeria has officially increased the price of petrol per states and regions – 31st May 2023 Lagos: ₦488 per litreFCT Abuja: ₦537 per litreAbia: ₦515 per litreAdamawa: ₦550 per litreAkwa Ibom: ₦515 per litreAnambra: ₦520 per litreBauchi: ₦550 per litreBayelsa: ₦515 per litreBenue: ₦537 per litreBorno: ₦557 per litreCross River: ₦511 […]
Fuel Scarcity: NSCDC Reads Riot Act To Petrol Marketers In Zamfara
The Nigeria Security and Civil Defence Corps Zamfara State Command(NSCDC ) has warned petroleum marketers to desist from hoarding products, saying it is making life unbearable for the citizenry. In a statement on Tuesday signed by the Command public relations officer, Mr Ikoh Oche, said the state Commandant of NSCDC Muhammad Bello Muazu has charged […]
President Tinubu Cannot Unilaterally Remove Fuel Subsidy – TUC
The Trade Union Congress of Nigeria (TUC) has said that President Bola Tinubu cannot solely take the decision to remove subsidy payment on petroleum products in the country. The TUC said that the newly inaugurated President should “tarry awhile to give room for robust dialogue and consultation and stakeholders engagement” before making any decision on […]
Fix Refineries, Wait For Dangote Fuel Before Subsidy Removal, NUPENG Tells Tinubu
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has congratulated Nigeria’s new President, Bola Tinubu and Vice-President, Kashim Shettima on their inauguration and swearing-in, while tasking them to hit the ground running. The union charged the new leaders to fix the nation’s refineries amongst other challenges. The union in the congratulatory message signed […]
Fuel Subsidy Removal Will Not Take Immediate Effect Till End Of June – Tinubu
Nigeria’s newly inaugurated President, Bola Ahmed Tinubu has given a more detailed analysis as regards the decision to remove fuel subsidy on petroleum products across the nation. According to a statement released by his media team on Tuesday, May 30th 2023, President Bola Tinubu’s declaration that “subsidy is gone” is neither a new development nor […]
Buhari Frustrated Fuel Subsidy Removal – el-Rufai
Kaduna Governor Nasir El-Rufai has accused President Muhammadu Buhari of frustrating plans to remove fuel subsidy. Former Central Bank of Nigeria (CBN) Governor Mallam Sanusi Lamido Sanusi also said the retention of fuel subsidy as “stupid” and capable of bankrupting the country. El-Rufai and Sanusi spoke during a policy conversation and book presentation by Carnegie […]