Fuel Subsidy

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...

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),...