Fuel Subsidy

April 18, (THEWILL) - The more you try to understand Nigeria, the more confused you get. A nation that has all it takes to be so great and be the envy of other nations is wallowing in chaos dubiously...

Stakeholders and industry experts have raised the alarm over the $800 million World Bank facility secured by the Federal Government to cushion the effects of fuel subsidy removal. The Nigerian National Petroleum Corporation Limited (NNPCL) disclosed in January that it...

As an Albatross that it is, the controversial issue of removal or non-removal of fuel subsidy has once again come to the front burner of public discourse, heating up the Nigerian polity. As the nation inches to the date...

April 05, (THEWILL) - Nigeria has secured a World Bank facility worth $800 million. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Wednesday while briefing State House correspondents on the outcome of the Federal Executive...

March 29, (THEWILL) - The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that fuel prices in Nigeria would be sold between N360 and N400 per litre after the removal of petroleum subsidy by the...

March 28, (THEWILL) - The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has thrown its weight behind the Federal Government's plan to remove payment of subsidy on petroleum products. The association confirmed its position while speaking with...

March 22, (THEWILL) - President Muhammadu Buhari has approved the removal of subsidy on Petrol, and the implementation has been slated to commence as soon as next week, with a formal announcement expected in days, according to at least...

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...