The Federal Government is no longer paying subsidy on Petroleum Motor Spirit (PMS), popularly known as petrol, the News Agency of Nigeria (NAN) reports. The Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Malam Mele Kyari, disclosed this to State House Correspondents on Monday in Abuja. He said that contrary to insinuations on...
November 6, 2024
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September 4, 2023September 4, 2023Uncategorized
Subsidy removal: Sanwo-Olu flags off food palliatives, targets 500,000 vulnerable households
The Governor of Lagos State, Mr Babajide Sanwo-Olu, on Sunday flagged off the distribution of food items for 500,000 vulnerable households in the state to cushion the effect of fuel subsidy removal. Speaking during the exercise at the Lagos State House, Alausa, Ikeja, the governor said that the strategic goal of the programme was to...
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August 23, 2023August 23, 2023Uncategorized
Subsidy removal: Nasarawa Govt commences distribution of palliatives
Nasarawa State Government has commenced the distribution of palliatives to cushion the effects of economic hardship of the petroleum subsidy removal on its citizen. The News Agency of Nigeria (NAN) reports that the Federal Government had on May 29 announced the removal of the subsidy. Gov Abdullahi Sule, while inaugurating the distribution on Tuesday in...
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August 7, 2023August 7, 2023Uncategorized
Fuel subsidy: Ojodu LCDA Chairman provides 14 mini-buses for residents
Mr Segun Odunmbaku, the Chairman, Ojodu Local Council Development Area (LCDA), says 14 mini-buses have been released to ease movevent for residents in the LCDA. Odunmbaku said this in a statement on his two years in office on Saturday in Lagos. He said the release of the mini-buses was part of the palliative measures by...
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July 26, 2023July 26, 2023Uncategorized
Subsidy Removal: NG-CARES structures can coordinate distribution of palliatives – World bank
The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) social protection structures in 36 states and the FCT can effectively coordinate the distribution of the proposed Federal Government palliatives across the country. Prof. Foluso Okunmadewa, World Bank Task Team Leader for NG-CARES, stated this in an interview with the News Agency of Nigeria (NAN), on...
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July 23, 2023July 23, 2023Uncategorized
Civil society commends Nigerians’ reaction on aftermath of fuel subsidy removal
Civil society organisation, Patriotism Awareness Forum (PAF), has commended Nigerians for their understanding, resilience and patience on the aftermath of the fuel subsidy removal. The Convener, PAF, Mr Nelson Ekujumi, said this in a statement on Saturday in Lagos. Ekujumi commended Nigerians for their understanding on the foreign exchange unification policy, amidst falsehood and misinformation...
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July 9, 2023July 9, 2023Uncategorized
Energy association advocates strategic interventions to cushion fuel subsidy removal
The Nigerian Association for Energy Economics (NAEE) has advocated for strategic interventions to cushion the consequences of the removal of subsidy on Premium Motor Spirit (PMS) called fuel. The association called for options for economic opportunities and enabling environment for massive investment in the energy industry for competition to thrive in the open market followed...