Fuel subsidy

President Muhamamdu Buhari has revealed the reason federal government’s decision to keep paying fuel subsidies. In an interview with Bloomberg, the President said the effects of removing fuel subsidies would have been too harsh on…

Professor Chukwuma Soludo, Anambra State Governor has kicked against the retention of fuel subsidy in Nigeria. This was even as the Nigerian National Petroleum Corporation, NNPC, Limited said payments for petrol subsidy…

National Assembly has passed amendments to the 2022 Appropriation Act which raised the subsidy on Premium Motor Spirit (PMS) better known as petrol from N3.557tn to N4tn. The Senate and House of Representatives approved the President’s…

President Muhammedu Buhari has on Tuesday approved an 18-month suspension of the planned removal of subsidy on Premium Motor Spirit (PMS) products. Minister of State, Petroleum Resources, Timipre Sylva, disclosed this at a media briefing…