Tag: Fuel subsidy
Fuel subsidy: Oando, AA Rano, others deny receiving payments
Oando Plc, AA Rano, Sahara Energy Resources, Hyde have all denied involvement in fuel subsidy payments before the House of Representatives ad hoc committee...
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 regime to subvert the...
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 2021 by the Nigerian...
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 on Nigerians.
Buhari said the...
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 by the end of...
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) sent by President Muhammadu...
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 is planning to utilise...
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 subsidy removal.
Already, the Federal Government...
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 of fuel subsidy.
Sylva declared...
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 administration made the disclosure on...
