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Did FG pay N17.5trn in subsidy despite removal?

Did FG pay N17.5trn in subsidy despite removal?

•Dele Oye: Trillions recorded by NNPCL is subsidy in disguise By Nnamdi Ojiego When President Bola Tinubu declared on May 29, 2023 that “fuel subsidy is gone,” it marked what many believed was the end of one of Nigeria’s most expensive and controversial fiscal policies. The announcement triggered an immediate rise in petrol prices, sparked […]

‘FAKE’ AGENCY: Everyone knew something for seven months, but nobody did anything

‘FAKE’ AGENCY: Everyone knew something for seven months, but nobody did anything

By Gift ChapiOdekina, Abuja Somewhere inside the Federal Secretariat Complex in Abuja, until only weeks ago, a signpost still pointed visitors toward the office of the ‘Presidential Foreign Intervention Promotion Council.’ The council had a Director-General, a staff of 300, a line in the 2026 Appropriation Act worth N1.3 billion, and, according to the Central […]

2027: Can PDP fight its way back?

2027: Can PDP fight its way back?

One PDP faction points to previous victories over internal rebellions, the other insists that the law will ultimately vindicate its position

N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps

N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps

Director-General of the Budget Office of the Federation, Tanimu Yakubu, on Friday defended the agency’s role in the controversial budgetary allocation to the Presidential Foreign Investment Promotion Council (PFIPC), insisting that despite provisions made in the 2026 Appropriation Act, not a single kobo was released or spent because the statutory conditions for expenditure were never fulfilled.