National Orientation Agency (NOA) has said that subsidy removal on Premium Motor Spirit (PMS), also known as petrol, has culminated in the generation of more than $84 billion (approximately N130.9trn at exchange rate of N1558/$) the federal government. The agency said the funds generated have enhanced the funding 40 critical road projects across the country … Read more
President Bola Tinubu has said that Nigerians lived fake lives before the petrol subsidy removal in 2023. President Tinubu said this at the combined 34th and 35th convocation ceremonies of the Federal University of Technology Akure (FUTA) in Ondo State, noting that his duplicate policies of petrol subsidy removal and exchange rate conjugation were meant … Read more
The presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi described the recent hike in the price of petrol products as “unfortunate and insensitive”. Obi made this known in a statement he titled “Reversing the Sudden Fuel Price Increase”, on his X.com account, on Saturday. It was reported that transportation … Read more
Benson Upah, spokesperson for the Nigeria Labour Congress (NLC), has sounded an alarm that Nigerians may soon pay N5,000 per liter for petrol under the current administration. In an interview, Upah condemned the recent fuel price hike, calling it a breach of the agreement between NLC and President Bola Tinubu’s government. The NLC spokesperson emphasised … Read more
Amid escalating concerns over the adverse effects of fuel subsidy removal, President Bola Ahmed Tinubu is reportedly deliberating the possibility of reversing this policy to alleviate the hardships faced by the less fortunate. It can be recalled that shortly after President Tinubu’s inauguration, a series of reforms were introduced, including the removal of fuel subsidy … Read more
The leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) are set to meet with President Bola Tinubu’s team on Tuesday. Joe Ajaero, the NLC President, disclosed this on Monday while featuring on a Channels Television programme, Politics Today. Mr Ajaero said the protest was suspended after the intervention … Read more
President Bola Ahmed Tinubu’s government is considering payment of consequential adjustment of N702,919 billion recommendation by the National Income, Salaries and Wages Commission to workers and vulnerable Nigerians to cushion the effect of subsidy removal. The governor of Bauchi State, Bala Mohammed disclosed this while briefing State House correspondents at the end of the maiden … Read more
President Bola Ahmed Tinubu has asked Nigerians to bear with the pain of subsidy removal, saying the fuel pump price will soon come down. According to Abiodun Oladunjoye, Director of Information to the President, Tinubu, made the appeal at an interactive session with the royal fathers under the aegis of the National Council of Traditional … Read more
Rejects proposed N2.8trn transportation allowance to poorest Nigerians Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, had announced that the government would remove fuel subsidy and replace it with a monthly N5,000 transport grant to 40 million poor Nigerians. The National Association of Nigerian Students (NANS) has threatened to shut down the country … Read more
