Subsidy Removal

Oil marketers, on Tuesday, advised President Bola Tinubu to gradually relax the removal of subsidy on Premium Motor Spirit, popularly called petrol, following the inability of importers to access the United States dollars and the impact which this was having on businesses. This came as Tinubu ruled out fuel price hike and reversal of fuel […]

In a bid to cushion the effects of subsidy removal in Ekiti, Governor Biodun Oyebanji on Wednesday announced the provision of free shuttle buses for workers, students and payment of monthly allowances to specified households Oyebanji, in a statement made available to newsmen in Ado-Ekiti on Wednesday, by the Commissioner of Finance, Akintunde Oyebode, said […]

Kwara State Governor, AbdulRahman AbdulRazaq, has approved N10,000 monthly palliative for workers. The N10,000 monthly palliative is to help workers cope with the recent fuel subsidy removal and its attendant economic impacts. The government’s decision was announced at a press conference addressed by the Chief Press Secretary to the governor, Rafiu Ajakaye, at the Government […]

President Bola Tinubu, has written to the National Assembly seeking an amendment to the 2022 supplementary appropriation Act.   The amendment, he said, was to allow the Federal Government to source N500 billion for palliative to cushion the effect of subsidy removal.   The Speaker of the House of Representatives, Tajudeen Abbas, read the president’s […]

The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated on Thursday. Also, the oil dealers stated that there was a high possibility for the cost of petrol […]

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