Tag: Subsidy

By Yakubu Musa Nothing, perhaps, illustrates the tragedy of the current world's most enduring struggle, the Israeli–Palestinian conflict, than last Friday’s UN resolution for a ceasefire. Curiously, the United States of America voted against it while her...
By Sanusi Abdullahi Kiru In the ever-evolving landscape of Nigeria's telecommunications industry, there are individuals who leave an indelible mark, reshaping the sector for the betterment of the nation. Among these luminaries, Prof. Umar Garba Danbatta stands...

Senate okays N3.6trn fuel subsidy for 2023 budget

By Ismail Auwal The Senate on Wednesday rejected the Joint Committees on Finance and National Planning and Economic Affairs' recommendation to reduce the oil subsidy...

Reps summon Auditor-General over fuel subsidy

By Agency Report The House of Representatives has summoned the Auditor-General of the Federation (AGF), Adolphus Aghughu, to appear before it on 30 August, for explanation on...

Nigeria’s budget deficit to reach 3.55 trillion naira as crude oil barrel peaked at $116

By Ismail Auwal As the price of crude oil in the international market rises, Nigeria may face an N3.55 trillion petrol subsidy in 2022. Nigeria's variant,...

Buhari seeks National Assembly’s approval for N4 trillion fuel subsidy in 2022

By Ismail Auwal President Muhammadu Buhari has asked the House of Representatives to approve N4 trillion in payments for fuel subsidies in 2022. This was stated...

Gen. Abdulsalam cautions against fuel subsidy removal, as over 80 million Nigerians live below poverty line

By Ismail Auwal Former Nigerian President Abdulsalami Abubakar has warned that a rise in the price of petroleum products will make more Nigerians poor. Abubakar disclosed...

FG considers subsidy for commercial transport workers

By Ismail Auwal As the monthly subsidy on Premium Motor Spirit (PMS) or petrol expires in June, the Federal Government intends to pay transportation workers...

Tough situations await Nigerians as World Bank recommends austerity measures

By Sahelian Times   The World Bank on Tuesday released its November 2021 Nigeria Development Update, which showed — among other things — that eight million...

NNPC records N1.29trn revenue shortfall in 9 months

By Ismail Auwal The Nigerian National Petroleum Corporation (NNPC)  recorded a revenue shortfall of N1.29 trillion from January to September this year,  data from the...

FG, World Bank meet to discuss subsidy removal in Nigeria

By Salim Yunusa The Nigerian Government and the World Bank have discussed further reforms to remove fuel and electricity subsidies in the country. It will be...

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