•Femi Falana Human rights lawyer, Femi Falana, says the federal government through the Nigerian Electricity Regulatory Commission (NERC) plans to extend electricity tariff hike beyond Band A consumers to other Nigerians categorised under other bands. Falana, who was a guest on Channels Television last night, said the recent tariff increase for...
There are indications that the federal government through the Nigerian National Petroleum Company Limited (NNPC Ltd) is now spending N17.72 billion daily to fund subsidy on petrol. Though still shrouded in secrecy, the funding strategy, it was learnt, is consummated by way of crude sales and direct cost recovery by NNPC, reports Vanguard. An e...
The Special Adviser to the President on Energy, Mrs. Olu Veŕheijen, has said that the federal government reserves the right to pay fuel subsidy intermittently to cushion hardship in the country. Veŕheijen said this while briefing journalists in Abuja today. Earlier, the International Monetary Fund reported that the Nigerian government brought ...
•Senator Musiliu Obanikoro Former Minister of State for Defence, Musiliu Obanikoro, says the federal government may be filling the widening gap between the United States’ dollar and Nigeria’s naira in the final price of Premium Motor Spirit (PMS) also known as petrol. Obanikoro, a former lawmaker who represented Lagos Central Senatorial Distri...
•Nigerian Senate and Tinubu The Senate today, made a resounding plea to the Tinubu-led federal government, urging it to refrain from eliminating the electricity subsidy, particularly in light of the prevailing hardships experienced across the nation. The Senate’s stance emerged following a thorough deliberation and subsequent endorsement of a ...
•Ibrahim Olesin A chieftain of the All Progressives Congress (APC) in Kwara State, Ambassador (Dr.) Ibrahim Tajudeen Olesin, has expressed concern that the planned removal of electricity subsidy is likely to compound the suffering among Nigeria’s poor masses and may lead to chaos in the country. It will be recalled that the International Monet...
Many Nigerians are still feeling the negative impact of fuel subsidy removal despite assurances by the federal government that the decision was made for the good of the country. Dry season farmers who use fuel-powered water pumps to irrigate their farmlands are among poor Nigerians who bear the brunt of the fuel subsidy removal, reports [&hell...
Mixed reactions have trailed the confirmation by the International Monetary Fund (IMF) that the federal government has resumed the payment of subsidies on the premium motor spirit (PMS), otherwise known as petrol through the backdoor. Recall that during his inauguration on May 29, 2023, President Bola Tinubu announced an end to petrol subsidy,...
A Senior Advocate of Nigeria, Prof Itse Sagay, says President Bola Tinubu should have waited six months after his inauguration before removing subsidy on Premium Motor Spirit (PMS) also known as petrol. He made this known during a conversation around the future of Nigeria. The senior lawyer was a guest on Channels Television yesterday. He [&he...
•Tinubu Two Ministers in the Federal Executive Council today expressed concern over the deleterious effects of fuel subsidy removal and floating of the Naira on the economy. The Minister of Budget and Planning, Atiku Abubakar Bagudu and his counterpart in the Ministry of Agriculture Senator Abubakar Kyari, picked holes in the economic policy o...