According to Investopedia, subsidy is a benefit given to an individual, business, or institution, usually by the government, and is usually in the form of a cash payment or a tax reduction.

By Lawani Mikairu Nigeria Accident Investigation Bureau, AIB, yesterday, released the preliminary report on the accident involving a Bell 206B III helicopter with nationality and registration marks 5N-BQW, operated by Quorum Aviation Limited, QAL, which occurred at Opebi Area, Lagos, on August 28, this year. Recall the Quorum helicopter crashed onto the roof of a […]

By Michael Eboh Nigeria Association of Road Transport Owners, NARTO, yesterday, ordered all its members to withdraw trucks, especially petrol tankers nationwide today and tomorrow. NARTO’s directive was in protest to the order of the Federal Government, banning tankers with 45,000-litre capacity from lifting petroleum products in the country. The transporters are also issuing a […]

…CSOs pledge to join forces with labour to battle govt ..Nurses, midwives begin mobilization for industrial action By Victor Young, Johnbosco Agbakwuru & Joseph Erunke The Federal  Government, yesterday, said it would meet with its relevant agencies and ministries over the demand by the Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, […]

By Omeiza Ajayi The ruling All Progressives Congress APC has asked Nigerians to endure the current hardship brought about by the recent hike in fuel pump price and electricity tariff, promising that the people would in the nearest future begin to reap the benefits of the deregulation policy. It also urged the organized labour not […]

By Victor Ahiuma-Young Petroleum Tanker Drivers, PTD, yesterday, ordered immediate stoppage of distribution of petroleum products from Lagos to the northern part of the country till further notice. PTD, in a statement by its National Chairman, Otunba Salimon Oladiti, explained that the action became necessary, following shut out of heavy trucks, including tankers, from all […]

…Issues 11-day ultimatum, gives government till Sept 28 to reverse hikes …Says cost of electricity more than minimum wage in some places …NLC’s CWC resolved to issue ultimatum — WABBA …Lagos police arrest, release 50 protesters, including Vanguard’s photo-journalist …TUC ultimatum misplaced — Ngige By Victor Young, Johnbosco Agbakwuru, Bose Adelaja & Dirisu Yakubu The […]

By Victor Young & Chioma Onuegbu Barring a last minute change of mind, organised labour, last night, insisted it will go on strike to protest the increase in the price of fuel and electricity tariff. This vow followed speculations that there were attempts to break their ranks. The government is meeting with organized labour and […]

By Johnbosco Agbakwuru THE Federal Government yesterday said that it had to reschedule the meeting planned to hold yesterday with the organized labour because the leadership of the two labour centers had engagement outside Abuja. The Minister of Labour and Employment, Senator Chris Ngige, announced that the meeting has been rescheduled for Tuesday. A statement […]

 •Hail LASU, others on ranking The Muslim Students’ Society of Nigeria, MSSN Lagos State Area Unit has kicked against the recent hike in electricity tariff and petrol price, describing the development as a sad resumption gift for students. The Amir of the MSSN Lagos, Miftahudeen Thanni, expressed displeasure on the development in a press statement […]

By Nwafor Sunday The Senior Special Assistant, Media and Publicity to President Muhammadu Buhari, Malam Garba Shehu, has come under verbal attack from Nigerians, over a statement he made on his twitter handle. Shehu said the Peoples Democratic Party, PDP, sold a litre of petrol for N600 in their regime. His statement did not go […]

By Nwafor Sunday The rise from N138.62 to N151.56 per litre of petrol in Nigeria, has garnered lots of reactions, with negative vibes surpassing the positive. Presidency were not left out as the Senior Special Assistant, Media and Publicity to the President, Malam, Garba Shehu, waded-in in defense of his master. He advised Nigerians not […]

Former General Secretary of Nigeria Labour Congress, NLC, Owei Lakemfa, has lamented that what the nation was witnessing in the name of subsidy was the government transferring its incompetence to Nigerians.

Says price’ll change as crude oil price changes Justifies electricity tariff increase lAdds, those who get less than 12hrs of power not affected No more estimated billing Laments COVID-19 reduced revenue by almost 60% By Johnbosco Agbakwuru President Muhammadu Buhari, yesterday, asked Nigerians to expect a further increase in the price of petrol, saying people […]

…Says Nigeria Can’t sustain 5billion on IDPs monthly By Henry Umoru CHAIRMAN, Senate Committee on Special Duties, Senator Yusuf Abubakar Yusuf, APC, Taraba Central has lamented that based on realities on ground, the country may not be able to sustain the N5billion it was spending on the 2.7million people in IDPs camps. According to him, […]