Tag: Subsidy
NASS approves N4trn for fuel subsidy
The House of Representatives on Thursday approved N4 trillion for fuel subsidy in the revised 2022 Medium-Term Expenditure Framework (MTEF) sent by President Muhammadu...
Buhari to NASS: Approve N2.557trn for subsidy, delete inserted projects
President Muhammadu Buhari on Tuesday asked the National Assembly to approve N2.557 trillion for subsidy payment on petroleum products.
The amount covers from June to...
FG needs N3trn to retain subsidy on fuel – Finance Minister
The Federal Government will need N3 trillion to continue the payment of subsidy on Premium Motor Spirit (PMS) otherwise known as petrol.
Minister of Finance,...
No removal of petrol subsidy for now – Senate President
Senate President Ahmad Lawan has assured Nigerians that subsidy on Petroleum Motor Spirit (PMS) otherwise knows as petrol will not be removed for now...
Fuel subsidy removal: Govs pledge to settle pension obligations
Ahead of the planned removal of fuel subsidy in 2022, the 36 Nigerian governors have pledged to settle all outstanding pension obligations, through Contributory...
EHICHIOYA EZOMON: Old and ‘new’ subsidy as government magic
EHICHIOYA EZOMON
Nothing is as confusing, and confounding as the proposed removal of subsidy on premium motor spirit (PMS) or petrol in 2022, to allow...
Minister: Nigerians to pay more as FG removes fuel subsidy June...
Effective from June 2022, Nigerians will have to pay more for fuel as the Federal Government is set to remove fuel subsidy.
Minister of Finance,...
IMF to Nigeria: Remove subsidies on fuel, electricity in January 2022
The International Monetary Fund (IMF) has counselled Nigeria not to delay the removal of subsidies on fuel and electricity.
The Fund suggested that removal of...
