fuel subsidy Archives - Vanguard News

Buccaneers, racketeers and fuel subsidy fraudsters

On July 1, 201910:23 amIn News, Owei Lakemfaby Idowu Bankole

THE Emir of Kano, Muhammad Sanusi II, descended from his throne last week to deliver his customary blows against subsidies, especially for fuel and electricity. The former Central Bank governor and ex-comrade claimed that Nigerians revel in “cheap petrol”. Based on his flowing gowns and riches, fuel at N145 is cheap. But based on the cost of living, it is quite expensive because the N18,000 National Minimum Wage can only buy 125 litres of petrol.

Eliminate fuel subsidy, others to achieve double-digit growth — Ex-AMCON CEO

On June 10, 20197:50 pmIn Newsby Urowayino Warami

Mr Mustafa Chike-Obi, the Executive Vice-Chairman, Alpha African Advisory, has advised the Federal Government to remove subsidies on fuel, foreign exchange and electricity for the nation’s economy to achieve double -digit growth.

How Nigeria can end fuel subsidy, increasing debt profile — NECA

On April 16, 20195:02 amIn Newsby Idowu Bankole

Nigeria Employers’ Consultative Association, NECA, yesterday, expressed concern over the resurgence of fuel scarcity across the country, and the return of fuel subsidy debate in Nigeria, saying NECA was disturbed at the corruption-ridden fuel subsidy regime and the increasing debt profile of Nigeria.

Breaking: FG gives conditions for fuel subsidy removal

On April 14, 20196:23 pmIn Business, Newsby adekunle

The federal government has given conditions for removal of subsidy on premium motor spirit (otherwise known as fuel) which includes provision of alternative cushioning measures mutually agreed between stakeholders to protect the economically vulnerable members of the population.

Remove fuel subsidy, IMF tells FG

On April 3, 20194:29 pmIn Business, Newsby adekunle

The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV consultation with Nigeria and called for the removal of fuel subsidy

The self-destructive, unforced error of Fuel Subsidy

On January 28, 20195:37 amIn News, Rational Perspectivesby Tony

‘THE most important question now is: For how long must misguided government economic policies ruin our nation while we do nothing? This year like others has only twelve months. At least five will be spent with nobody thinking about how to prevent more deterioration. The remaining seven months cannot possibly reverse the accumulated damage – unless a new and radical solution is found”. An excerpt from ‘As Dangote goes, so does Nigerian economy’ by Dele Sobowale, Vanguard Newspaper on Monday, January 21, 2019.

You cannot fight corruption with corruption, N2.4 Billion Spent on Fuel Subsidy, Saraki to FG

On January 23, 20195:48 pmIn News, Politicsby Idowu Bankole

SENATE President, Dr. Bukola Saraki yesterday raised the alarm that corruption was increasing now in the administration of President Muhammadu Buhari with the government paying higher on fuel subsidy where Nigeria is said to be consuming 50 million litres, with N2.4 billion spent so far by the federal government on fuel subsidy.

Under-recovery: Fuel subsidy drops to N20 per litre — NNPC

On December 24, 20184:21 pmIn Newsby Emmanuel Okogba

The Nigerian National Petroleum Corporation, NNPC, Monday, disclosed that under-recovery of Premium Motor Spirit, PMS, also known as petrol, has dropped to N20 per litre from over N80 a couple of weeks back, noting, however, that the Federal Government was still committed to bearing the additional cost above the regulated price of N145 per litre.

Until fuel subsidy is removed, fuel crisis remains imminent – Kachikwu

On December 13, 20185:04 pmIn Business, Newsby adekunle

Minister of State for petroleum Resources, Mr. Ibe Kachikwu, Thursday, stated that until the downstream sector of the Nigerian petroleum industry is liberalized and subsidy of petroleum products removed, the country would continue to struggle and face challenges in terms of ensuring stable fuel supply.

How FG fuel subsidy reforms affect Nigeria’s economy

On June 26, 20185:46 amIn Energyby Emmanuel Okogba

THE nation’s fuel subsidy was mainly targeted at supporting poor individuals, households and other stakeholders to meet their fuel needs, thus enabling them to contribute towards the development of Nigeria’s economy.