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BREAKING: Tinubu Removes Fuel Subsidy

Victorious

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1 year ago

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NAIJA NEWS: BREAKING: Tinubu Removes Fuel Subsidy [New Naija News] » Naijacrawl
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President Bola Tinubu has announced the removal of the fuel subsidy from July 1, 2023, emphasising that his government will not provide funds to subsidise the product.

Read Also : Breaking: Fuel Subsidy: FG announces N5bn palliatives for each state, FCT


He announced this on Monday during his inaugural speech as the 16th President of Nigeria at Eagle Square, Abuja.

Mr Tinubu said he is taking this decision because the 2023 budget has not provided for the payment of fuel subsidy from the second half of the year.

In the 2023 Appropriation Act signed into law by former President Muhammadu Buhari, the provision was only for January 1 to June 30.

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Victorious

Ojo Sunday Victor, A Professional Graphics Designer, and a skilled Content Writer in Entertainment, News and Sport Update.!An Undergraduate in Ladoke Akintola University of Technology (LAUTECH, Ogbomoso). Read More

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Naija News

Fuel Subsidy: Why Petrol Prices Will Soon Come Down – Nigerian Company, NNPCL

Mee_dey0

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1 year ago

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NAIJA NEWS: Fuel Subsidy: Why Petrol Prices Will Soon Come Down – Nigerian Company, NNPCL [New Naija News] » Naijacrawl
Photo: Naijacrawl
The Nigerian National Petroleum Company Limited (NNPCL) has claimed that with time, the current high pump price of premium motor spirit (PMS) popularly known as fuel will come down.The Group Chief Executive Officer of the NNPCL, Mele Kyari, who gave the assurance on Thursday during an interview on Arise News TV, said that competition among major players in the oil sector would force down the price of fuel as against the current price hike that had caused panic and c...
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Naija News

Fuel Subsidy: Check NNPC Updated Petrol Price for Your State

Piroll

Published

1 year ago

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NAIJA NEWS: Fuel Subsidy: Check NNPC Updated Petrol Price for Your State [New Naija News] » Naijacrawl
Photo: Naijacrawl
As fuel scarcity and exorbitant prices start to dominate the country, the Nigerian National Petroleum Corporation has today make known the official rate of the non-subsidized PMS.The new price range from 480-512 across the country.It will be recalled that the Tinubu-led Federal Government announced the removal of the fuel subsidy on Monday, a decision that has put the whole country in jeopardy. Naijacrawl can affirm that the price for PMS will fall when the newly co...
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Naija News

FG Halts Plan to Remove Fuel Subsidy

Piroll

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1 year ago

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NAIJA NEWS: FG Halts Plan to Remove Fuel Subsidy [New Naija News] » Naijacrawl
Photo: Naijacrawl
Earlier today in Abuja, the Federal Government suspended plans to remove fuel subsidy by June this year.This was disclosed by the Minister of Finance, Budget and National Planning, Ahmed Zaniab shortly after the National Economic Council, NEC, meeting, chaired by the Vice President, Yemi Osinbajo.he said the NEC, which comprises State Governors deliberated on the issue extensively and came to the conclusion that it will not be wise to remove subsidy as soon as the n...
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