Petrol Subsidy

Special Adviser to the President on Media and Public Communications, Sunday Dare, asserted on Sunday in response to Atiku’s criticism of NNPC Retail’s 30-day petrol price discount and the Federal Government’s price-modulation framework.

The opposition leaders questioned the timing, scope and sustainability of the intervention, arguing that the measure would do little to address the high cost of petrol, rising transportation fares, food prices and mounting pressure on household incomes.

Nigeria mobilised ₦15.8 trillion from petrol subsidy savings between June 2023 and December 2025, according to Finance Minister Taiwo Oyedele. The Federal Government received ₦5.4 trillion, while ₦10.4 trillion was shared among states and local governments. Oyedele said...

January 28, (THEWILL) - Those banking on the newly inaugurated Dangote Refinery and Petrochemical Company to ease the burden of high cost of petroleum products, such as Premium Motor Spirit (PMS), also known as petrol; Automotive Gas Oil (AGO),...

October 11, (THEWILL) – The Independent Petroleum Marketers Association of Nigeria (IPMAN), has berated the Federal Government over its denial that there is currently no payment of subsidy on Premium Motor Spirit (PMS), popularly called petrol. President Bola Tinubu had...

October 10, (THEWILL) - The Nigerian National Petroleum Company Limited (NNPCL), has debunked claims that the Federal Government has reintroduced payment of subsidy on Premium Motor Spirit (PMS), commonly known as petrol. President Bola Tinubu had on May 29,...

September 6, (THEWILL) – The Human Rights Writers Association of Nigeria (HURIWA), in a bold and resolute stance, has vehemently criticised the concept of palliatives for fuel subsidy removal, labelling it as dehumanising to Nigerian citizens. The association called...

July 18, (THEWILL) - President Bola Ahmed Tinubu has ordered an immediate review of the proposed N8,000 cash transfer palliative to poor and vulnerable Nigerians to cushion the pains of the removal of payment of subsidy on petrol. The President,...

June 19, (THEWILL) - The National Industrial Court in Abuja, on Monday, reaffirmed its earlier order restraining the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) from embarking on its planned nationwide strike. The judge, Olufunke Anuwe, had...

June 02, (THEWILL) - President Bola Ahmed Tinubu has directed that palliatives be put in place to cushion the effect of the removal of fuel subsidy on Nigerians. The Group Chief Executive Officer (GCEO) of Nigeria National Petroleum Company...