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FG Sets to Remove Fuel Subsidy Before May 29

Piroll

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2 months ago

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NAIJA NEWS: FG Sets to Remove Fuel Subsidy Before May 29 [New Naija News] » Naijacrawl
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The Buhari led Federal government through the Minister of Finance, Budget and National Planning, Mrs.

Read Also : FG Halts Plan to Remove Fuel Subsidy


Zainab Ahmed, has said the federal government would remove the controversial petrol subsidy before the end of President Muhammadu Buhari’s tenure on May 29, 2023.

Ahmed attributed the delay in removal of the subsidy, as provided for in the Petroleum Industry Act (PIA) 2021, to the 2023 general election and the forthcoming national population census.

The minister, according to the Voice of Nigeria (VON), spoke during a courtesy visit to the headquarters of VON in Abuja.

But the federal government, yesterday, disclosed that no conclusion had been reached on how to mitigate the effect of the proposed fuel subsidy removal on the citizens.

With the removal of the fuel subsidy, petrol price will start selling above 600 naira per litre.

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Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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Naija News

Fuel subsidy hits N1.593tn, refinery rehabilitation gulps N54.66bn

Victorious

Published

9 months ago

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NAIJA NEWS: Fuel subsidy hits N1.593tn, refinery rehabilitation gulps N54.66bn [New Naija News] » Naijacrawl
Photo: Naijacrawl
The government subsidized Premium Motor Spirit, also known as gasoline, with N1.593 trillion between January and June 2022, according to the most recent data on the subject seen in Abuja on Monday.Additionally, it was learned that over the course of the six-month period, the Nigerian National Petroleum Company Limited invested N54.66 billion in the rehabilitation of refineries.According to data obtained from the NNPCL's presentation at the July 2022 meeting of the F...
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Naija News

Fuel Scarcity: Fuel Station Caught fire in Akure

Piroll

Published

3 months ago

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NAIJA NEWS: Fuel Scarcity: Fuel Station Caught fire in Akure [New Naija News] » Naijacrawl
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It was a chaotic moment yesterday in the capital city of Ondo State, Akure as a popular fuel station in the state caught fire around 2:40 pm. The station; Optima fuel station is situated along Awule area of the city.Preliminary reports show that the incident happened when a tanker tried to offload diesel into the reservoir and there was an electrical spark will make the diesel inflame.There were no casualties and no house around the fuel station was burnt. The Ondo...
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Naija News

FUEL TANKER EXPLODES IN ONITSHA

Williams

Published

3 years ago

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NEWS: FUEL TANKER EXPLODES IN ONITSHA [New Naija News] » Naijacrawl
Photo: Naijacrawl
Reports from residence around Onitsha and social media videos and images confirmed a fire incident happening at Onitsha, Anambra state.The fire incident which was said to have been caused by a fuel tanker which exploded around MCC to upper Iweka road Onitsha. Efforts to get fire services to the area was proved abortive as the Fire department complained of insufficient water.Many cars was confirmed burnt. Human casualties hasn't been confirmed. See pictures below.
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