The government has announced its intention to redirect the funds from the subsidy into infrastructure, support…
Tag: Fuel subsidy
Silva says no plan to remove fuel subsidy
The Minister of State for Petroleum, Timipre Silva on Thursday assured Nigerians that the Federal…
FG to spend N450bn on fuel subsidy in 2020
The Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, says under-recovery of Premium Motor…
Should government remove fuel subsidy as advised by International Monetary Fund (IMF)?
Our economy is heavily reliant on oil. That is why prices of goods and services go…
Fuel subsidy is a ‘bigger fraud’, says Senate President
By Omotilewa Quadri Senate President Bukola Saraki has reacted to an ongoing investigation into “discrepancies” in…
Oil marketers urge FG to pay $2bn fuel subsidy arrears
The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the federal government to pay…
Oil marketers urge FG to pay outstanding fuel subsidy claims
The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the Federal Government to pay…
Fuel subsidy cost Nigeria $65bn in 5 years – Kachikwu
Nigeria incurred subsidies for petrol and kerosene estimated at $65bn between 2011 and 2015, Minister of…
Court sentences fuel subsidy fraud convict, Rowaye to fresh 10 years
A High Court of the Federal Capital Territory in Gudu, Abuja, on Friday sentenced, an earlier convicted oil…