Rep member speaks on ‘calling for fuel subsidy probe’

November 13, 2023 Adejayan Gbenga Gsong 0

The Chairman, House Committee on Navy, Rep. Yusuf Gagdi (APC-Plateau), has denied calling for a probe into the fuel subsidy removal under President Bola Tinubu. Gagdi said this in a statement in Abuja on Monday. “The integrity of the media is very important; therefore, it should not be mortgaged or traded for anything. “There is a misleading story in some Read More

Despite NEITI’s $1.9bn FAAC under-remittance claim, FG owing NNPCL over $9.74bn fuel subsidy debt

September 23, 2023 Bode Olagoke 0

Despite the claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $1.9bn to the federation account in 2021 before transitioning to a commercial venture, the federal government has the biggest indebtedness to the national oil company with about N4.1trn ($9.74bn) for subsidy payment. NEITI had last Monday disclosed in Read More

Fuel subsidy: Coalition demands accountability from NNPCL

August 8, 2023 Editor 0

A coalition of civil society groups has demanded for greater transparency and accountability in the management of the Nigerian National Petroleum Corporation (NNPCL) as Nigerians continue to grapple with hardship caused by the removal of fuel subsidy by President Bola Ahmed Tinubu. The coalition led by Empowerment for Unemployed Youth Initiative in a press release jointly signed and made available Read More

End of Nigerian fuel subsidy set to squeeze Europe’s refiners

July 28, 2023 Solomon Arowolo 0

One of Europe’s main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country’s domestic demand and a regional market for smuggled fuel. North America and West Africa (WAF), with Nigeria at the helm, historically have been the top two destinations for petrol exports from Europe, which produces more Read More

I’m still new as President, I need more time to address grievances of organised labour – Tinubu

July 27, 2023 Abdullahi M. Gulloma 0

President Bola Tinubu Wednesday appealed to the members of the organised labour to give him more time address their grievances and demands. This was disclosed by the Speaker of the House of Representatives Mr Tajudeen Abbas while fielding questions from State House correspondents after he led principal officers of the House of Representatives to brief the President on the outcome Read More

NNPCL remits N123bn into Federation Account after exiting fuel subsidy shackles

July 21, 2023 Deputy Online Editor 0

In line with the provisions of the Petroleum Industry Act 2021, the Nigerian National Petroleum Company Limited has commenced the payment of dividend into the federation account. The NNPC Limited on Thursday begun the payment of interim dividend and PSC profit oil as part of the N907bn shared by the Federation Account Allocation Committee to the three tiers of government. Read More

Former Lagos Transport Commissioner condemns new levy on vehicle owners

Transportation expert and former commissioner for transportation in Lagos State, Kayode Opeifa, has called on the National Assembly to fully takeover the proposed introduction of annualized N1000 tax on drivers for certificate of proof of ownership on vehicles nationwide Opeifa, who is now an Executive Director, Centre for Sustainable Mobility and Access Development (CenSMAD), described the proposed tax as “unwarranted” Read More

IPMAN speaks on increasing fuel price

July 1, 2023 Admin III 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre nationwide. The Chairman of IPMAN South-west Zone, Dele Tajudeen, stated this in an interview with the News Agency of Nigeria (NAN) in Ibadan on Friday. The Read More

Subsidy: Yuguda seeking govt’s favour for waiting 15 yrs before scam claim – Group

June 27, 2023 Bode Olagoke 0

A foremost civil society organisation, Peoples Alliance for Transparency and Accountability (PATA) has berated Isa Yuguda, a former governor of Bauchi State, Isa Yuguda over his claims on the now halted fuel subsidy scheme by the federal government. Yuguda who is also  Nigeria’s former minister of state for Transport, in a recent interview with a national television station had alleged Read More

NOA urges citizens’ support for fuel subsidy removal

June 23, 2023 Uko Etim 0

The Director, National Orientation Agency (NOA) in Akwa Ibom, Mrs Esther Peter, has urged residents of the state to support the removal of petrol subsidy by the federal government. Peter who made the call at a news conference in Uyo on Thursday, described the removal of fuel subsidy by the federal government as a good omen to the nation. She Read More

Fuel subsidy: Uber announces new price

June 22, 2023 Rosemary Moribirin 0

The popular e-hailing platform, Uber has revealed its decision to raise fares in response to the recent surge in fuel expenses and inflation rates. The announcement, as conveyed by Country Manager for Uber in Nigeria, Tope Akinwumi, on Thursday. He underscored the company’s commitment to assisting drivers in mitigating escalating operational expenditures. According to him, the fare adjustment represents a Read More

Still on fuel subsidy removal, national re-orientation

June 19, 2023 Adewale Kupoluyi 0

The issue of fuel subsidy removal and its effects on the economy as well as the need for youths and political office holders to have the right orientation towards nation building have come to the discussion table. According to the Lagos Chamber of Commerce and Industry (LCCI), the Federal Government should be lauded for the having the courage to remove Read More

Happening now: FG, Labour reconvene over fuel subsidy removal

June 19, 2023 Rosemary Moribirin 0

The Federal Government of Nigeria, and organised labour are currently convening at the Presidential Villa in Abuja to recommence discussions regarding the mitigation of the adverse effects of fuel subsidy elimination. This meeting serves as a continuation of the previous session, during which certain agreements were reached. Labour, in agreement, had decided to postpone their intended strike until further discussions, Read More

How small businesses are adjusting to fuel subsidy removal

June 16, 2023 BENJAMIN UMUTEME 0

Life has not been the same for small business owners since the removal of fuel subsidy by President Bola Ahmed Tinubuas they struggle to adjust to the new reality; BENJAMIN UMUTEME writes. The removal of fuel subsidy by President Bola Ahmed Tinubu-led administration has continued to shake the fabric of the country. Across various sectors, most people are feeling the Read More

Subsidy removal: Fuel tanker moved to N25m from N7m – NOGASA

June 14, 2023 Benjamin Umuteme 0

Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has disclosed that its members now spent as much as N25 million to purchase a 45,000 litres truck of Premium Motor Spirit popularly referred to as petrol. Before the subsidy was withdrawn, a fuel tanker was purchased for N7 million. According to NOGASA, the situation has made it impossible for its Read More

Fuel price will soon crash – Tinubu

June 10, 2023 Abdullahi M. Gulloma 0

President Bola Ahmed Tinubu Friday June 9, 2023 urged traditional rulers in the country to counsel counsel their subjects interested in elective positions in the 10th National Assembly to manage their ambitions and create harmony within the legislative arm of government.  The President made the call at an interactive session with the Royal Fathers under the aegis of National Council Read More

Expert rallies support for FG on fuel subsidy removal

June 9, 2023 Patrick Ahanor 0

A Benin City-based economist, Mr. Collins Johnbull Odiase, has described the federal government removal of subsidy from petrol as the “best policy for Nigeria” and urged support for the federal government. Odiase, however, urged the government to consider the upward review of workers’ wages to cushion the effects of fuel subsidy removal and aid citizens’ purchasing power. In a statement, Read More

Unanswered questions about fuel subsidy payments


Over the years, Nigerians have been asking whether the federal government really pays subsidies or not considering the non- transparent nature of the process; BENJAMIN UMUTEME writes. On May 29, during his inaugural speech President Bola Tinubu announced the removal of the fuel subsidy. He had said, “We commend the decision of the outgoing administration in phasing out the petrol Read More

Did Nigerians vote for fuel subsidy removal?

June 7, 2023 Sunday Onyemaechi Eze 0

Finally, fuel subsidy has been removed. It is gone, according to President Bola Ahmed Tinubu. This is one such removal in the history of the nation without any contingency plan or measures to cushion the effect. The removal was ill-timed and at the same time additional burden. The ripple effect of even a mention of removing subsidy always take drastic Read More

Fuel subsidy: Uber, Bolt drivers announce strike

June 7, 2023 Admin III 0

The popular e-hailing platforms, Uber and Bolt, have announced its intention to launch a nationwide protest on Wednesday, June 7, 2023. As part of the protest, the union has decided to go on strike. The decision to protest comes in the wake of recent increases in the price of Premium Motor Spirit. The drivers had expressed their dissatisfaction with the Read More