Tag Archives: Fuel Subsidy

Subsidy Palliative: BudgIT Calls For Transparency And Accountability In Funds Distribution

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The Federal Government says it is proposing to extend the subsidy removal implementation period by another 18 months.

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The Federal Government, through the Minister of Finance, Budget and National Planning, Zainab Ahmed, has suspended the planned petrol subsidy removal.

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Zainab Ahmed, minister of finance, budget and national planning, says under-recovery, also known as subsidy, on petrol will be N450 billion in 2020.

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Tayo Olanipekun, Washington DC Nigeria does not have any “imminent” plan to remove fuel subsidy as there are currently no buffers to cushion the effect of such action, Minister of Finance, Zainab Ahmed, has said. The Minister said this in Washington DC Sunday morning during a briefing with journalists on the sidelines of the World Bank/IMF Spring Meetings, adding that …

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By: Ariwera Ibibo-Howells, Yenagoa Bayesla born disc jokey and lawyer, Ebiowei Felix Iyanemigha Saturday picked the interest and nomination forms of the Social Democratic Party (SDP) for the southern Ijaw local government area constituency II seat of the Bayelsa State House of Assembly for the 2019 election. Speaking with Journalist at the party Secretariat, Yenagoa the lawyer-turned DJ said he …

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The Federal Government’s subsidy on fuel has risen to N2.4 billion daily in May, from N774 million in March 2018. This rise in subsidy payment is as a result of the high price of crude oil in the international market. Unlike in March, this year, when the price of crude oil hovered at $66 per barrel, it hovered between $75 …

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