fuel subsidy news

  1. Nigeria Business News

    Business Remove Subsidy, It Is A Waste, Not In The Interest Of The Masses – Expert Tells Buhari – Naijaloaded

    A financial expert, Chief Adegboyega Adegoke, on Sunday urged President Muhammadu Buhari not to waste more time but remove subsidy on petroleum because it is a waste of resources. Adegoke said that the need to remove subsidy on petroleum by the … Read more via Naijaloaded | Nigeria’s Most...
  2. Nigeria Political News

    Politics FG shortchanging Bayelsa, others on oil subsidy – Finance Commissioner – Newtelegraph

    The Bayelsa State government, on Tuesday, accused the Federal Government of illegally deducting 4% as fuel subsidy from its monthly allocation, which has amounted to over N450 billion in the last 13 years. The Commissioner for Finance, Mr. Maxwell … Read more via Newtelegraph –...
  3. Nigeria Business News

    Business Fuel subsidy skyrockets by N91bn in 31 days – Newtelegraph

    The subsidy on Premium Motor Spirit (PMS) also known as petrol imported into Nigeria skyrocketed by a whooping N91 billion in 31 days. This surge, a further scrutiny of the May 2019 financial report of the Nigerian National Petroleum Corporation … Read more via Newtelegraph –...
  4. Nigeria Sports News

    Politics Sanusi declares Nigeria under Buhari a Bankrupt Nation – Nairametrics

    The Former Central Bank of Nigeria (CBN) Governor and Emir of Kano State, Sanusi Lamido has disclosed that Nigeria is a bankrupt nation under Buhari’s administration and further stated that the country is on the threshold of bankruptcy. The Former CBN Chief reportedly declared this while...
  5. Nigeria Metro News

    Metro Emir Sanusi Advises FG to Stop Subsidy on Petroleum, Electricity – Thisdaylive

    Emir of Kano, Alhaji Muhammad Sanusi II, yesterday said Nigeria was on the threshold of bankruptcy, explaining that the country could be brought to its knees unless the federal government stopped money guzzling subsidy policy on … Read more via Thisdaylive – https://ift.tt/31RxjKZ Get More...
  6. Nigeria Business News

    Business Emir Sanusi: Nigeria Is Bankrupt, We Must Face Reality – SaharaReporters

    Muhammad Sanusi II, the Emir of Kano, has raised the alarm over unfavourable economic policies leading the country to bankruptcy, urging President Muhammadu Buhari to remove the fraudulent subsidy regime. Sanusi, who was former governor of the Central Bank of Nigeria, made the revelation on...
  7. Nigeria Political News

    Politics Ben Murray Bruce Agrees With Emir Sanusi That Subsidy Will Bankrupt Nigeria – Nairaland

    Following the recent statement given by Emir Sanusi Lamido that Fuel subsidy will bankrupt Nigeria, the Nigerian Senator, Ben Murray Bruce has agreed to that in a new Tweet. He also wrote on his bill on Nigeria using electric cars. Read more via Nairaland – https://ift.tt/31MOSvs Get More...
  8. Nigeria Political News

    Politics N713bn subsidy could have been used to develop infrastructure -–– DAPPMAN – Vanguard News

    Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN has said that the N713 billion spent by the Federal Government as fuel subsidy in 2018, could have been better used to build hospitals, additional roads to link out farms for easier evacuation of products, as well … Read...
  9. Nigeria Metro News

    Metro No plan to remove fuel subsidy now, FG insists – The Guardian Nigeria News

    Finance Minister Zainab Ahmed yesterday reiterated government’s resolve not to remove fuel subsidy. She made the emphasis against the backdrop of long queues emerging at some filling stations amid the fear that a removal was imminent..... Read more via The Guardian Nigeria News – Nigeria...
  10. Nigeria Political News

    Politics FG gives conditions for fuel subsidy removal – Vanguard News

    The federal government has given conditions for removal of subsidy on premium motor spirit (otherwise known as fuel) which includes provision of alternative cushioning measures mutually agreed between stakeholders to protect … Read more via Vanguard News – http://bit.ly/2UEQVll Get More...
  11. Nigeria Metro News

    Metro Saraki: FG’s N2.4bn daily fuel subsidy fraudulent – Newtelegraph

    President of the Senate, Dr. Bukola Saraki, has accused the President Muhammadu Buhari administration of perpetuating fraud in its handling of subsidy on petroleum products, alleging that a whopping N2.4 billion was being used to subsidise fuel daily in Nigeria. Saraki also expressed doubts...
  12. Nigeria Political News

    Politics Government to spend N1.149 trillion on petrol subsidy in 2019 – The Guardian Nigeria Newspaper

    A princely sum of N1. 149, 385 trillion is estimated to go into the payment of subsidy on petrol imported into the country this year. With the provision of a mere $1 billion, which is about N305 billion in the 2019 budget year, the country may run into a massive... Read more via The...
  13. Nigeria Political News

    Politics Atiku: $1bn Fuel ‘Subsidy’ in 2019 Budget is Buhari’s Campaign Slush Fund – Thisdaylive

    The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has come down hard on the Nigerian National Petroleum Corporation (NNPC) over what he described as huge abuse of financial procedures in the running of the state oil … Read more via Thisdaylive –...
  14. Nigeria Business News

    Business How to solve oil subsidy problem – The Guardian Nigeria Newspaper

    On Friday December 14, 2018, a Vice Presidential debate was organised by the Nigeria Election Debate Group (NEDG) in collaboration with Broadcasting Organisation of Nigeria (BON.) The programme was anchored by Imoni Amarere, and was beamed to the … Read more via The Guardian Nigeria...
  15. Nigeria Political News

    Politics Buhari Finally Admits There Is Fuel Subsidy In Billions of Naira – OluFamous.Com

    President Muhammadu Buhari says the federal government has set aside N305 billion or $1 billion for fuel subsidy payments in the 2019 budget. Speaking to the joint session of the national assembly on Wednesday in Abuja, the president said the amount will be used to cater for NNPC...
  16. Nigeria Business News

    Business There is nothing like $3.5b fuel subsidy fund – Govt – PM NEWS Nigeria

    The Federal Ministry of Finance has denied knowledge of a 3.5 billion-dollar fund allegedly kept and utilised by the Nigeria National Petroleum Corporation (NNPC) for fuel subsidy. The Permanent Secretary, Mr Mahmoud Isa-Dutse, gave the ministry’s position when he appeared before the … Read...
  17. siteadmin

    Politics Senate, by Buhari’s order, approves N348bn subsidy payment to oil marketers – Naija.ng

    The House of Senate on Wednesday, July 18, in adherence to the order of the presidency, has approved the payment of subsidy claims amounting to N348bn to oil marketing firms..... Read more via Nigeria News today & Breaking news ▷ Read Naija news 24/7 – https://ift.tt/2uKk7HN Get More...
  18. siteadmin

    Politics Fuel Subsidy: Senate Okays Payment Of N348bn to 74 Oil Marketing Companies – Thisdaylive

    The Senate on Wednesday approved the payment of N348.003bn to 74 Oil Marketing Companies, OMCs, as outstanding fuel subsidies owed them by the federal government as at June 30, 2017. The approval is sequel to the presentation at plenary of a 14-page interim report … Read more via...
  19. curator

    Business Fuel subsidy hits N2.4bn daily – Vanguard News

    Nigeria may be losing the gains of increases in the international oil prices as the Federal Government subsidy on fuel has risen to N2.4 billion daily in May, from N774 million in March, 2018, also as a result of the high price of crude oil in the international … Read more via Vanguard News...
  20. siteadmin

    Business No More Subsidy Payment To Oil Marketers- Adeosun – Sahara Reporters

    The Minister of Finance, Mrs. Kemi Adeosun says no more payment of fuel subsidy to marketers as the Nigeria National Petroleum Corporation (NNPC) bears the loss of fuel importation “on behalf of all Nigerians’’. Adeosun said this while fielding questions from State House correspondents after the...
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