Fuel subsidy

Senate approves N3.6trn for fuel subsidy in 2023

The Senate has approved the sum of N3.6 trillion as subsidy on petroleum products in 2023. This is just as…

2 years ago

NLC to Keyamo: Our position on removal of fuel subsidy won’t change

The Nigerian Labour Congress (NLC) has reiterated its position on the removal of fuel subsidy, saying that has not changed.…

2 years ago

Atiku: I’ll sell all refineries, stop subsidy if elected president

The presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, has said he would sell all refineries in the country…

2 years ago

NNPC: We’re ready for forensic audit of daily fuel supply

The Nigerian National Petroleum Company Limited (NNPC Ltd) has expressed readiness to submit itself for forensic audit of fuel supply…

2 years ago

Customs boss faults NNPC on fuel consumption, says subsidy fraudulent

The Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), has faulted the Nigerian National Petroleum Company (NNPC) Limited's…

2 years ago

2023: FG budgets N3.36trn for six-month subsidy payment

The Federal Government has proposed to spend N3.36 trillion on fuel subsidy payment in 2023. Petrol subsidy would remain up…

2 years ago

Reps summon auditor-general over NNPC fuel subsidy payment

The House of Representatives has summoned the Auditor-General of the Federation (AGF) to appear before it on August 30 for…

2 years ago

Minister: Nigeria spends N18.39bn daily on fuel subsidy

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government spends N18.39 billion on fuel…

2 years ago

FG spends N1.593trn on fuel subsidy, refinery gulps N54.66bn in 6 months

  The Federal Government has spent N1.593 trillion on fuel subsidy in the first six months of 2022, according to…

2 years ago

W’Bank to FG: Nigeria facing existential threat

The World Bank has urged the Federal Government to remove the current fuel subsidy regime, saying Nigeria might be facing…

2 years ago

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