Tags Petroleum Subsidy

Tag: Petroleum Subsidy

Oil Price Slump: FG considers reduction of pump price

The federal government has started consultations over the possibility of reducing prices of petroleum products following slump in price of crude oil at international markets as coronavirus pandemic continues to wreak havoc.

We have no plan to remove fuel subsidy – Finance Minister insists

Zainab Ahmed, Nigeria’s Minister of Finance, has once again reassured Nigerians that Buhari led administration has no plan to remove fuel subsidy.

FG subsidizes petrol by N35 per litre – Kachikwu

Kachikwu who made the disclosure on Tuesday said the rise in global crude oil prices after the 2016 hike in petrol price brought back subsidy.

Nigeria spends N10trn on petrol subsidy in 16 years – Report

However, the report also indicated that the subsidy regime has opened Nigeria’s public finance to huge corruption and illegal exportation of petroleum products to neighboring countries.
- Advertisment -

Most Read

Court vacates arrest warrant against Demsa LG chair

An Upper Area Court II sitting in Yola, has vacated an earlier bench warrant it issued for the arrest of the chairman of Demsa...

We’ll soon start commissioning projects for upgrade of FMC, Exec Sec PEF says

The Executive Secretary of Petroleum Equalisation Fund (PEF), Ahmed Bobbo has disclosed that some vital and strategic projects geared toward upgrading Federal Medical Center,...

Dr. Emmanuel N. Musa celebrates Valentine with orphans, less privileged, sick persons

In the spirit of love as espoused by Valentine Day, the Emnamu foundation has on Sunday reached out to orphans, people living with disability,...

Twin explosions rock PDP secretariat over councillorship primaries

Twin explosions have unsettled the People’s Democratic Party (PDP) secretariat in Port Harcourt, Rivers State. The explosion, which occurred at about 3pm Thursday during the...