By Seun Ibiyemi The Federal Government, through Vice President Kashim Shettima, has stated that the removal of fuel subsidies and the introduction of tax reform legislation serve as clear evidence of the government’s commitment to fostering a fiscally responsible federation.…
..Lifting petrol from Dangote Refinery will moderate FX pressure — Cardoso …As Okupe disagrees with Dangote on complete subsidy removal …Petrol price will crash if we lift directly from Dangote Refinery — Oil marketers By Seun Ibiyemi and Matthew Denis…
…Releases N560bn to states, suspends import tariffs on drugs, food items …N1bn each to large manufacturers …Says CNG initiative to save Nigeria N2trn monthly spending on PMS, AGO …As Revenue hits N9.1trn in first six months By Seun Ibiyemi President…
Despite constant denials that it was no longer subsidising fuel, the Nigerian government has finally admitted that fuel subsidy will gulp N5trilion in 2024. This figure is a sharp increase from the N3.6 trillion spent in 2023 and N2.0 trillion…
The Nigerian government has finally admitted that fuel subsidy will gulp N5.4 trillion in 2024 after denial that it completely deregulated the product. Minister of Finance, Wale Edun disclosed this in a recent presentation of the Accelerated Stabilisation and Advancement…
President Bola Ahmed Tinubu has stated his administration has made concerted efforts to avert the nation from going bankrupt. Speaking as a panelist at the ongoing World Economic Forum in Riyadh, Saudi Arabia on Sunday, President Bola Tinubu was justifying…
President Bola Tinubu has said that his administration’s removal of the fuel subsidy was in the best interest of Nigeria, saying it was necessary not to plunge the country into bankruptcy. He stressed the country’s belief in economic collaboration and…
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele said the Nigerian government will save N8 trillion annually from the removal of fuel subsidies and the unification of exchange rates. Speaking at a panel session at…
By Late Prince (Dr) Samuel Ibiyemi, Founding Publisher, Nigerian NewsDirect First published in 2012 The real enemies of subsidy removal are those saddled with the responsibility of checking excesses of government officials but prefer to overlook them. The ultimate aim…
The Federal Government has said it is no longer paying subsidy on Petroleum Motor Spirit (PMS), popularly known as petrol. The Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Malam Mele Kyari, disclosed this to State House Correspondents…
