Headlines

Fuel subsidy protest: Security watch on NLC, TUC leaders

Ihesiulo Grace 14 August 2023 0

By Felix Durumbah, Andrew Orolua There is a secret web of plans to ”do in” the President of Nigeria Labour Congress (NLC), Mr. Joe Ajaero, his colleague in Trade Union Congress (TUC), Festus Osifo, and some labour leaders, Daily Times gathered at the weekend. The plans are

News

Fuel subsidy: We’re in a difficult moment- APC

Ihesiulo Grace 1 June 2023 0

…as Uzodinma emerges PGF chair By Tom Okpe National Chairman, All Progressives Congress, (APC) Abdullahi Adamu has said the country was in a very difficult moment now that fuel subsidy has been removed. President Bola Tinubu had in his inaugural speech after taking oath of office on Monday, announced that fuel subsidy had gone and […]

Politics

HoR supports fuel subsidy removal

Ihesiulo Grace 30 May 2023 0

…urges Nigerians to be calm with Tinubu’s administration By Tom Okpe The House of Representatives at plenary on Tuesday, thrown its weight behind decision of President Bola Tinubu to remove fuel subsidy, pleading with Nigerians to be patient with the new administration. This was sequel to the adoption of a motion of urgent public importance, […]

News

Shelve plan to remove fuel subsidy, PFN tells FG

Ihesiulo Grace 29 November 2021 0

*Says plan will worsen Nigerians’ suffering, trigger crisis The Pentecostal Fellowship of Nigeria (PFN) has called on the Federal Government to shelve the proposed plan to remove fuel subsidy, saying the plan if atualised will worsen the suffering of majority of Nigerians who are already impoverished. PFN president, Bishop Wale Oke, who is also the […]

Headlines News

Proposed N5,000 monthly grant for poor Nigerians: Senate counters Finance minister

Ihesiulo Grace 25 November 2021 0

*Says no provision of monthly transport grant for 40m Nigerians in 2022 budget *Insists fuel subsidy provided for in next year’s Appropriation bill Tunde Opalana, Abuja A day after the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said that the Federal Government will remove fuel subsidy by mid-2022 and replace it with […]

Opinion

Opinion: Fuel subsidy removal and the cruelty of governance

Ihesiulo Grace 15 September 2020 0

By Isaac Chii Nwaogwugwu In what appears to be an apparent display of arrogance of power and insensitivity to the deplorable conditions of the citizenry the powers that be, on Wednesday, 2nd of September 2020 fired yet another canister of poisonous policy gas on the helpless people who were struggling to grasp with the real […]

Oil & Gas

‘Nigeria will earn N1 trillion yearly from fuel subsidy removal’

Ihesiulo Grace 11 September 2020 0

Minister of State for Petroleum Resources, Mr Timipre Sylva, says the Federal Government’s decision to fully remove subsidy from petrol will earn the country N1 trillion annually and create numerous jobs. Sylva, who said this on Thursday, while speaking with newsmen in Abuja, said that beginning from October, Nigerians “can now convert cars using petroleum […]

News

Fuel subsidy unsustainable after 13 years – Lai Mohammed

Ihesiulo Grace 7 September 2020 0

The minister of Information and Culture, Lai Mohammed, has stated that fuel subsidy is unsustainable after 13 years of its budget. Mohammed noted that the federal government has spent N10.413trillion from 2006 to 2019. The minister said this at a briefing on Monday, September 7, in Abuja. He said, “The cost of fuel subsidy is […]

Politics

Pro-Buhari group slams PDP over caution on fuel subsidy, says advice is absurd

Ihesiulo Grace 10 April 2020 0

The Buhari Media  Organisation (BMO) has described as ludicrous and absurd a statement by the Peoples Democratic Party (PDP) criticising the fuel subsidy regime under the President Muhammadu Buhari-led administration. According to BMO, the subsidy regime and the Nigerian National Petroleum Corporation (NNPC) have never been so open as they are now, and that the state-owned

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Farouk Lawan fails to open defence in alleged $620,000 bribery trial

Ihesiulo Grace 6 March 2020 0

Former Chairman of the House of Representatives ad-hoc Committee that investigated the fuel subsidy regime in 2012, Farouk Lawan, for the third time on Thursday failed to open his defence in his trial for an alleged infraction in the fuel subsidy regime before a Federal Capital Territory High Court, Apo. Lawan, was dragged before Justice […]

Featured

Alleged $620,000 fuel subsidy scam: Farouk Lawan fails to open defence

Ihesiulo Grace 5 March 2020 0

Abuja – Farouk Lawan, former Chairman of the House of Representatives Ad-hoc Committee on investigation into fuel subsidy regime, on Thursday in an FCT High Court Apo for the third time failed to open his defence in his trial for an alleged infraction in the fuel subsidy regime. Lawan,  former chairman of House Adhoc Committee […]

Business Economy Money Money Oil & Gas

Fuel subsidy to gulp N450 bn in 2020 -finance minister

Ihesiulo Grace 15 October 2019 0

Mrs Zainab Ahmed, the Minister for Finance, Budget and National Planning says under-recovery of Premium Motor Spirit (PMS), popularly referred to as fuel subsidy will gulp N450 billion in 2020. She said this on Monday in Abuja, at the public presentation of the 2020 budget proposals. Ahmed said it was called ‘under-recovery’ because it was […]

Business

Nigeria spends N11trn for subsidy amid wobble refineries performance

Ihesiulo Grace 31 May 2019

Motolani Oseni Due to the poor performance of Nigeria’s local refineries, not less than N11trillion has been paid for outstanding subsidy claims in the last six years. Chairman, Senate committee on petroleum downstream, Kabir Marafa, on Thursday disclosed that the Senate approved the payment of N129 billion as outstanding subsidy claims to 67 petroleum marketers. […]

Headlines Politics

PDP Accuses FG Of ‘Massive Corruption’ In Fuel Subsidy Regime

Ihesiulo Grace 5 February 2018 0

The Peoples Democratic Party (PDP) has accused the Federal Government of ‘massive corruption’ amid the controversy over the alleged payment of fuel subsidy. The party made the allegation in a communique issued shortly after the meeting of members of its National Working Committee (NWC) on Sunday in Asaba, the Delta State capital. As fuel scarcity […]

Headlines News

Reps okays Petroleum Industry Governance Bill

Ihesiulo Grace 18 January 2018 0

* Summons Kachikwu, Baru, PPPRA boss over fuel subsidy payments * Approves Maritime University The governance aspect of the Petroleum Industry Bill (PIB) that provides for transparency and international best practices was on Wednesday passed by the House of Representatives. The report was laid on Tuesday, before the House by the ad-hoc committee Chairman, Hon […]

Headlines Politics

BREAKING NEWS: Reps Unanimously Reject Motion Seeking Removal of Fuel Subsidy

Ihesiulo Grace 5 May 2015 0

Members of the House of Representatives, on Tuesday condemns the motion seeking to remove fuel subsidy. This is following a motion promoted by Rep Sunday Kareemi, PDP, Kogi entitled: ’The recurring crisis of fuel subsidy’ which was killed on arrival by members of the House. Details later.

Business Oil & Gas

2015 Budget: Senator Confirms Approval N143bn For Fuel Subsidy

Ihesiulo Grace 30 April 2015 0

Contrary to reports that there was no provision for fuel subsidy in the 2015 budget, the Senate Committee Chairman on Finance, Senator Ahmed Makarfi, on Thursday said Senate approved N143bn for fuel subsidy in the budget. Speaking with newsmen in Abuja, Makarfi also gave an insight into how the nation can effectively address the issue […]

Headlines News

NNPC Pushes for Fuel Subsidy Removal

Ihesiulo Grace 24 April 2015 0

The Nigerian National Petroleum Corporation (NNPC) has advised the Federal Government on the need to stop the payment of subsidy on petrol because it cannot be sustained. Subsidy is the difference between the Expected Open Market Price of fuel and the actual or retail price that is paid by consumers for the product at petrol […]