subsidy

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Subsidy cost escalates, now N150bn per month

Subsidy cost escalates, now N150bn per month

The troubles in petrol pricing and the pressure on the Nigeria’s public fund seems to be on the rise as the Nigerian National Petroleum Corporation, NNPC, hints that subsidy burden is rising amidst increasing consumption level.

We can no longer bear N120bn monthly subsidy burden — FG

We can no longer bear N120bn monthly subsidy burden — FG

…Says deregulation has been concluded with Labour By Johnbosco Agbakwuru The Federal Government on Thursday said that the government through the Nigerian National Petroleum Corporation, NNPC, will not continue to bear the about N120 billion monthly subsidy burden on the petroleum products. The government said the burden had become too heavy to bear and that […]

Subsidy removal 2020 and the end of Organized Labour

Subsidy removal 2020 and the end of Organized Labour

The coincidences are unbelievable. James was the father of Sir John Macpherson, who was the second to the last Governor-General of Nigeria, Sir James Robertson, who handed power to Tafawa Balewa on October 1, 1960. The 60th anniversary of Nigeria’s independence has dealt the nation’s organised labour a terrible blow from which it will take a while for it to recover.

Electricity: FG spent N540bn on subsidy in 2019 — NERC

Electricity: FG spent N540bn on subsidy in 2019 — NERC

By Prince Okafor The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government spent N540 billion subsidizing electricity in 2019. The commission further stressed on the need to put an end to subsidy in the sector. NERC Vice-Chairman, Sanusi Garba, who spoke during an interview with TVC, stated that the amount spent on electricity subsidy […]

A tale of three presidents and subsidy removal

A tale of three presidents and subsidy removal

By Dele Sobowale NOTE: A different article was planned for today. On Sunday, August 31, 2020, despite still being physically challenged, I travelled to Abuja to discuss two national issues – NDDC and Igbo presidency in 2023. That was supposed to be this week’s topic. But fuel subsidy removal trumped it. “Integrity is a 100 […]