The Nigeria Labour Congress (NLC) has decided to suspend its scheduled strike in response to the increase in fuel prices resulting from the removal of subsidies. Following a meeting between the Nigerian government delegation and NLC leadership at the Presidential … Continue reading NLC calls off nationwide strike over fuel subsidy
President Bola Tinubu made a significant announcement during his inaugural address in Abuja, stating that his administration would eliminate the subsidy on petroleum products. Emphatically declaring “Subsidy is gone,” Tinubu confirmed that the national budget from June 2023 does not … Continue reading Tinubu announces removal of fuel subsidy
Civil Society Legislative Advocacy Centre (CISLAC) has raised concerns over the Federal Government’s borrowing of $800 million from the World Bank to cushion the impact of the proposed fuel subsidy removal in June. The group criticized the government’s decision to … Continue reading CISLAC questions Nigerian government’s $800m World Bank loan for fuel subsidy palliatives
The Nigerian Minister of Finance, Budget and National Planning, Zainab Ahmed, clarified that the federal government has not suspended the planned removal of petroleum subsidy, which is set to take place from June 2023. Ahmed’s statement came in response to … Continue reading FG to proceed with subsidy removal, says Zainab Ahmed
The Nigeria Union of Petroleum and Natural Gas workers (NUPENG) is set to announce its stance on the contentious topic of fuel subsidy removal for Premium Motor Spirit (PMS), commonly known as petrol, after its National Executive Council (NEC) meeting. … Continue reading Buhari urged to suspend fuel subsidy removal and engage with marketers
The Ghana National Petroleum Authority (NPA) has made a recent announcement on fuel subsidies in the country. This is in stark contrast to its neighboring country, Nigeria, which is still spending heavily on fuel subsidies. The removal of the subsidy … Continue reading Ghana removes fuel subsidy while Nigeria still spends heavily on it
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