fuel subsidy Archives - Freedom Online

2027: APC Chieftain Questions Atiku’s Plan to Restore Fuel Subsidy

Robert Imoh — Sat, 22 Aug 2026 12:26:29 +0000

A chieftain of the All Progressives Congress (APC), Seye Oladejo, has criticised former Vice-President Atiku Abubakar over his reported plan to restore fuel subsidy if elected president in 2027. Oladejo, a former Lagos APC spokesperson, questioned the consistency of Atiku’s position, noting that the former vice-president had previously supported the removal of petrol subsidy. He […]

The post 2027: APC Chieftain Questions Atiku’s Plan to Restore Fuel Subsidy appeared first on Freedom Online.

Adeosun: No more fuel subsidy payment to marketers

Roland Edwards — Wed, 31 Jan 2018 19:27:47 +0000

Minister of Finance, Mrs Kemi Adeosun, says no more payment of fuel subsidy to marketers as the Nigeria National Petroleum Corporation (NNPC) bears the loss of fuel importation “on behalf of all Nigerians’’. Adeosun said this while fielding questions from State House correspondents after the Federal Executive Council (FEC) meeting, which was presided over by […]

The post Adeosun: No more fuel subsidy payment to marketers appeared first on Freedom Online.

Protesters in Abuja

Freedom Reporter — Wed, 18 May 2016 21:12:11 +0000

No to fuel price hike: Some protesters in Abuja…on Wednesday.

The post Protesters in Abuja appeared first on Freedom Online.

N145 per litre: Why strike must go on, by Wabba

Robby Akeju — Wed, 18 May 2016 10:51:09 +0000

President of the Nigeria Labour Congress (NLC), Ayuba Wabba, has given reasons for workers’ strike against the N145 per litre of petrol introduced by the Federal Government. He said since the Federal Government was not ready to see reason with workers’ position on the matter, the strike action must start on Wednesday. In Lagos, the […]

The post N145 per litre: Why strike must go on, by Wabba appeared first on Freedom Online.

Court order or no order, we’ll go ahead with strike, says Labour

Freedom Reporter — Tue, 17 May 2016 19:29:39 +0000

Despite a court order, organised labour has vowed to go ahead with its strike action on Wednesday over the increment of the price of a litre of petrol from N86:50 to N145. It said the only way it would shelve the strike action was for the Federal Government to reach on agreement with labour leaders […]

The post Court order or no order, we’ll go ahead with strike, says Labour appeared first on Freedom Online.

Subsidy removal positive for oil, banking sector as NSE market indices record 0.91% growth

Ola Simeon — Thu, 12 May 2016 20:41:58 +0000

Major oil companies on Thursday on the Nigerian Stock Exchange (NSE) reacted positively to the Federal Government’s removal of subsidy and increase in petroleum price from N86.50 to N145 per litre. Price appreciation posted by the oil companies lifted the market indices by 0.91 per cent after dropping for two consecutive days. Mr Ambrose Omordion, […]

The post Subsidy removal positive for oil, banking sector as NSE market indices record 0.91% growth appeared first on Freedom Online.

Kachikwu: Subsidy removal will sustain supply, reduce suffering

Ibrahim Ahmadu — Thu, 12 May 2016 20:05:06 +0000

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the new pump price of N145 for Premium Motor Spirit (PMS) would help to sustain supply and reduce the suffering to get the product. Kachikwu told newsmen in Abuja on Thursday that the Nigerian National Petroleum Corporation (NNPC) did not have the resources to supply […]

The post Kachikwu: Subsidy removal will sustain supply, reduce suffering appeared first on Freedom Online.

Kalu backs Buhari on subsidy removal

Robby Akeju — Thu, 12 May 2016 19:52:20 +0000

Former Governor of Abia State, Dr. Orji Kalu, has commended President Muhammadu Buhari for removing the subsidy on fuel. He declared that the subsidy was beneficial to a cabal in the oil sector and greatly disadvantageous to the majority of Nigerians. “Recall that, in my congratulatory message to President Buhari when he was being sworn […]

The post Kalu backs Buhari on subsidy removal appeared first on Freedom Online.

RMAFC backs removal of fuel subsidy, says it’s a major fiscal and financial burden

Ola Simeon — Wed, 23 Dec 2015 22:05:32 +0000

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has urged the Federal Government to remove fuel subsidy because it had become a burden on the nation’s economy. This is contained in a statement by its Head, Public Relations, Mr Ibrahim Mohammed on Wednesday in Abuja. He said the subsidy had not served the masses as […]

The post RMAFC backs removal of fuel subsidy, says it’s a major fiscal and financial burden appeared first on Freedom Online.

TUC: Fuel subsidy, a good idea abused

Freedom Reporter — Sun, 20 Dec 2015 16:20:24 +0000

‎ The Trade Union Congress of Nigeria (TUC) has condemned the push for the removal of subsidy by the national leader of the All progressives Congress and former Lagos State Governor, Asiwaju Bola Tinubu. The astute politician made the disclosure last Friday in Kaduna during the memorial conference organised in honour of the late Dr. […]

The post TUC: Fuel subsidy, a good idea abused appeared first on Freedom Online.

Subsidy gets 88 per cent of N465bn supplementary budget

Ibrahim Ahmadu — Thu, 19 Nov 2015 09:30:47 +0000

The Senate on Wednesday received request from President Muhammadu Buhari for the approval of N465.64 billion Supplementary Budget for government activities in remaining part of 2015. Of the amount, subsidy payment on supply of petrol was allocated N413.36 billion, representing 88 per cent of the total proposed supplementary budget. ‘’Operation Lafiya Dole’’ and other issues […]

The post Subsidy gets 88 per cent of N465bn supplementary budget appeared first on Freedom Online.