Fuel Subsidy

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has explained the implications of the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail, insisting that the…

Senator Opeyemi Bamidele, the senate majority leader, says key beneficiaries of the petrol subsidy made governance difficult for President Bola Tinubu in the first 18 months of his administration. In a statement issued on Monday, the…

The presidency has addressed ongoing narratives on fuel subsidies, criticising the federal government while alleging deceit. The special adviser to the president on information and strategy, Bayo Onanuga, in a statement via his X handle…

The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has not paid fuel subsidy to anybody in the last nine months. Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja.…

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that Nigeria does not import fuel for itself alone. According to him, the country spends $600 million monthly on fuel imports. He said this during…

The 16th Emir of Kano, Muhammadu Sanusi II, has said that Alhaji Aliko Dangote should not be blamed for buying dollars at lower rates at the time he was building his refinery because that was the actual rate the apex bank was selling to…

Nigerians are excited about the cost-effectiveness of Compress Natural Gas (CNG) as the Nigerian National Petroleum Company Gas Marketing Ltd begins dispensing autogas in Lagos. “We are pleased to announce that Compressed Natural Gas…

President Bola Tinubu has defended his decision to remove fuel subsidy, calling it a “necessary action” to prevent national bankruptcy and reset the economy for growth. In his address at the opening plenary, at the World Economic Forum…

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government in 2023 to N10.14tn. Data released on…

A former Governor Isa Yuguda of Bauchi State said the federal government still pays subsidy on petroleum products. Yuguda stated this in an interview on Channels Television’s Politics Today on Monday. Recall that President Bola Tinubu,…