Tag: Fuel subsidy, government, IMF
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 up anytime there is an increase in fuel price. An average Nigerian cannot bear the...
NNPC to lawmakers: We don’t need your approval for fuel subsidy
By Omotilewa Quadri The Nigeria National Petroleum Corporation (NNPC) has given reasons for paying subsidy on petrol without appropriation from the National Assembly....
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 fuel subsidy, saying its reintroduction is...
Reps pass PIGB, summon Kachikwu, Baru over fuel subsidy payment
By Omotilewa Quadri The House of Representatives on Wednesday passed the bill for an Act to provide for the Governance and Institutional framework for the Petroleum...
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 the $2 billion fuel subsidy claims owed its members. Obafemi...
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 the outstanding fuel subsidy claims to its members to pay back their...
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 State for Petroleum Resources, Dr. Ibe Kachikwu has said. The...
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 marketer, Jubril Rowaye, to fresh 10 years imprisonment for...
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 marketer, Jubril Rowaye, to fresh 10 years imprisonment for...
Fuel subsidy removal: Nigeria saves N15.4bn monthly
Vice-President Yemi Osinbajo says the fuel subsidy removal has removed a burden of not less than N15.4bn monthly from the Federal Government. Osinbajo said this in Abuja...
