Fuel subsidy

NNPC faces probe over alleged $10bn fuel subsidy fraud

The House of Representatives has accused the Nigerian National Petroleum Company (NNPC) and other critical stakeholders of using the subsidy…

2 years ago

Reps to investigate NNPC fuel subsidy claim from 2017-2021

The House of Representatives has constituted an ad hoc committee to investigate the Petroleum Products Subsidy regime between 2017 and…

2 years ago

Buhari: Why we didn’t remove fuel subsidy

President Muhamamdu Buhari has said the Federal Government’s decision to keep paying fuel subsidy was to avoid its negative effects…

2 years ago

IMF: Nigeria’s fuel subsidy may hit N6trn in 2022

The International Monetary Fund (IMF) has warned that Nigeria’s total expenditure on fuel subsidy could hit a record N6 trillion…

2 years ago

NASS approves N4trn for fuel subsidy

The House of Representatives on Thursday approved N4 trillion for fuel subsidy in the revised 2022 Medium-Term Expenditure Framework (MTEF)…

3 years ago

FG targets $2.2bn Eurobond cash, local funds for fuel subsidy

In a bid to fund subsidy on petrol in the face of rising oil prices, the Federal Government of Nigeria…

3 years ago

FG pushes for fuel subsidy removal after Buhari’s exit

*Sylva mulls 18-month extension Following engagements with stakeholders, President Muhammadu Buhari has approved an extension for the implementation of fuel…

3 years ago

Sylva: Why FG suspended planned removal of fuel subsidy

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has explained why the Federal Government suspended the planned removal…

3 years ago

FG suspends removal of fuel subsidy

In the face of mounting opposition, the Federal Government has shelved the removal of subsidy on petrol. The Muhammadu Buhari-led…

3 years ago

Govs to engage NLC, TUC on fuel subsidy removal

The Nigerian Governors’ Forum (NGF) is to engage organised labour unions on the removal of fuel subsidy in the country.…

3 years ago

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