FG Sets to Remove Fuel Subsidy Before May 29
The Buhari led Federal government through the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the federal government would remove the controversial petrol subsidy before the end of President Muhammadu Buhari’s tenure on May 29, 2023.
Ahmed attributed the delay in removal of the subsidy, as provided for in the Petroleum Industry Act (PIA) 2021, to the 2023 general election and the forthcoming national population census.
The minister, according to the Voice of Nigeria (VON), spoke during a courtesy visit to the headquarters of VON in Abuja.
But the federal government, yesterday, disclosed that no conclusion had been reached on how to mitigate the effect of the proposed fuel subsidy removal on the citizens.
With the removal of the fuel subsidy, petrol price will start selling above 600 naira per litre.
Fuel Subsidy: Check NNPC Updated Petrol Price for Your State
As fuel scarcity and exorbitant prices start to dominate the country, the Nigerian National Petroleum Corporation has today make known the official rate of the non-subsidized PMS.The new price range from 480-512 across the country.It will be recalled that the Tinubu-led Federal Government announced the removal of the fuel subsidy on Monday, a decision that has put the whole country in jeopardy. Naijacrawl can affirm that the price for PMS will fall when the newly co...
BREAKING: Tinubu Removes Fuel Subsidy
President Bola Tinubu has announced the removal of the fuel subsidy from July 1, 2023, emphasising that his government will not provide funds to subsidise the product.He announced this on Monday during his inaugural speech as the 16th President of Nigeria at Eagle Square, Abuja.Mr Tinubu said he is taking this decision because the 2023 budget has not provided for the payment of fuel subsidy from the second half of the year.In the 2023 Appropriation Act signed into l...
Fuel Subsidy: APC setting up landmines for Tinubu – Atiku’s aide
An aide of Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party, PDP, Daniel Bwala, has accused the All Progressives Congress, APC, of setting up landmines for the President-elect, Bola Tinubu.Bwala spoke in reaction to the controversy over the planned removal of fuel subsidies by the President Muhammadu Buhari-led Federal Government.Bwala recalled how APC had promised to remove fuel subsidies within 18 months but had failed to do so.In a...
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