The Nigerian National Petroleum Company Limited (NNPC Ltd.), is insisting it has not paid fuel subsidy to anybody in the last nine years. Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja. Ajiya said the NNPC Ltd. was only taking care of Premium Motor Spirit (PMS) importation shortfalls […]
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A member of the Peoples Democratic Party (PDP) and Socio-political activist, Reno Omokri has said the Labour Party (LP) presidential candidate, Peter Obi, denied the PDP Presidential candidate, Atiku Abubakar, the presidency. Omokri said Atiku would have been president, but Obi played the role of Judas. He insisted that President Bola Tinubu came third and […]
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The Nigeria Labour Congress (NLC) was absent as the Trade Union Congress (TUC) has presented the federal government (FG) with a list of demands to cushion the effect of petrol subsidy removal on citizens. The demands by the TUC included an increase in the minimum wage, tax holiday for certain categories of people as well […]
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The meeting on subsidy removal between the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the federal government of Nigeria has ended without an agreement. The meeting called by the federal government, was intended to reach an agreement with organised labour after President Bola Tinubu’s announcement that petrol subsidy would cease to be in […]
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Zainab Ahmed, the Minister of Finance, Budget and National Planning, on Thursday said the Federal Government was borrowing money to fund petrol subsidies, insisting that the subsidy regime had become totally unsustainable. The Minister who disclosed this at the public presentation of details of the 2023 budget in Abuja, said: “Fuel subsidy cost was a […]
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The Federal Government of Nigeria has revealed that fuel subsidy payment will gulp 3.36 trillion naira in six months. However, this means subsidy payment will persist till the end of the year, 2023. The Minister of Finance, Budget and disclosure Planning, Mrs Zainab Ahmed, made this known in Abuja during the public presentation of the […]
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Asiwaju Bola Tinubu, Presidential candidate of the All Progressives Congress (APC), has insisted fuel subsidy regime must end if elected president next month. The Presidential candidate made this assertion in a brief interview with Freedom Radio during his visit to Saudi Arabia for Umrah (Lesser Hajj). Tinubu, an ex-Lagos State governor, argued that subsidy payments […]
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The controversies surrounding the proposed fuel subsidy removal may not have come to an end, as the Nigerian National Petroleum Corporation (NNPC) Limited have presented a bill of N3 trillion for deliberations at the Federal Executive Council meeting chaired by President Muhammadu Buhari on Wednesday. According to the Minister of Finance Budget and National Planning, […]
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Nigeria’s federal government has disclosed that the subsidy of fuel will last 18months, pending when an amendment in the Petroleum Industry Act will be forwarded to the National Assembly. The country’s Minister of State for Petroleum Resources, Timipre Sylva gave this indication on Tuesday while briefing State House Correspondents in Abuja. According to Sylva, President […]
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The Nigeria Labour Congress (NLC) has threatened to go on a nationwide industrial action if the government goes ahead to implement an increase in the price of Premium Motor Spirit. NLC restated It’s position in a petition to the Governors of the 36 states ahead of the planned nationwide protest scheduled for Thursday. The petition, […]
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