Fuel Subsidy

March 15, (THEWILL) - Ghana has implemented regulatory measures in the downstream sector, including the removal of fuel subsidy to ensure stability in the sector. The Chief Executive Officer (CEO) of Ghana’s National Petroleum Authority (NPA), Abdul Hamid, made this...

January 04, (THEWILL) - The Economic and Financial Crimes Commission (EFCC) has recovered approximately N13 billion, as proceeds from illegal payments made under the subsidy regime between 2017 and 2021. This is stated in a report of the National...

December 13, (THEWILL) - The Nigeria Labour Congress (NLC) has reiterated its position to resist any attempt to remove subsidy on Premium Motor Spirit (PMS), without full restoration of the refineries in the country. It also insisted on mobilising...

October 19, (THEWILL) - The Federal Government has allocated N3.36 trillion for fuel subsidy in 2023 as Nigeria’s debt profile hits $102 billion. Minister of Finance, Zainab Ahmed, who made this known on Wednesday, in Abuja, said the 2023 appropriation...

September 17, (THEWILL) – The All Progressives Congress (APC) has challenged leaders of the Nigerian Labour Congress (NLC) and Labour Party (LP), as well as other supporters of Peter Obi, to come out clean on the issue of fuel...

February 09, (THEWILL) - The International Monetary Fund (IMF) has again urged the Nigerian Government to urgently consolidate its fiscal policies to create space and reduce debt sustainability risks. It specifically urged the government to increase Value Added Tax (VAT),...

BEVERLY HILLS, April 26, (THEWILL) - The Federal Government in a report admitted recently that fuel subsidy has gone up to N500 billion and the Nigerian National Petroleum Corporation said this would not translate into a hike in the...