fuel subsidy

FG plans to spend ₦900bn on fuel subsidy in 2022

The Federal Government has projected to spend N900bn on fuel subsidy to be paid to oil marketers in 2022 in…

4 years ago

Subsidy: NNPC to deduct N114bn from June remittance to FAAC

The Nigerian National Petroleum Corporation says it will deduct N114.3bn from its June remittance to the Federation Account and Allocation…

4 years ago

Remove petrol subsidy now, presidential economic council advises Buhari

The Federal Government may finally do away with fuel subsidy and allow the market forces to strictly determine the actual…

4 years ago

NNPC says no petrol price increase in May, subsidy continues

The Federal Government will continue to pay fuel subsidy as the Nigerian National Petroleum Corporation has said it will not…

4 years ago

World Bank, FG move to end fuel subsidy

The Federal Government and the World Bank have discussed further reforms to eliminate fuel and electricity subsidies in the country.…

4 years ago

FG spends N1.1bn daily on fuel subsidy – Report

The latest increase in crude oil price at the global market has compelled the Federal Government to bring back fuel…

4 years ago