Tag: 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 the Senate also approved the...
NLC to Keyamo: Our position on removal of fuel subsidy won’t...
The Nigerian Labour Congress (NLC) has reiterated its position on the removal of fuel subsidy, saying that has not changed.
The NLC President, Ayuba Wabba,...
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 if elected as president...
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 and subsidy management, insisting...
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 figure on daily fuel...
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 to mid-2023 sequel to the...
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 explanation on fuel subsidy...
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 subsidy.
Ahmed, who said the...
FG spends N1.593trn on fuel subsidy, refinery gulps N54.66bn in 6...
The Federal Government has spent N1.593 trillion on fuel subsidy in the first six months of 2022, according to the latest data available.
The Nigerian...
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 an existential threat due...
