President Bola Tinubu has written to the House of Representatives seeking an amendment to the 2022 Supplementary Appropriation Act. The amendment, he said, was to allow the Federal Government to source N500 billion for palliatives to cushion the effect of subsidy removal. The Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas read the President’s letter during plenary on …

Rivers State Governor, Sir Siminialayi Fubara has launched 17 brand new luxury buses for free transportation of residents as part of his administration’s plans to cushion the effects of fuel subsidy removal. The governor, who was represented by his deputy, Prof. Ngozi Odu, unveiled the buses Tuesday in Port Harcourt, the state capital. The vehicles were procured to convey commuters …

The consumption of Premium Motor Spirit (popularly called petrol or fuel) nationwide dropped to an average of about 18.5 million litres daily in June – from an average of 66.9 million litres in the pre-subsidy era this year, to 48.43 millions litres between 1st to 30th June. In his inaugural address on 29th May, President Bola Tinubu announced the removal …

President Bola Ahmed Tinubu has expressed confidence that his administration is on the path to success despite the country’s challenges, saying Nigeria has no reason to fail the African continent. While receiving visiting Bank of America officials in his office at the State House on Tuesday, the President stressed that his government was committed to instituting reforms that would engender …

The Federal Government has so far saved about N400 billion as a result of the removal of subsidy on Premium Motor Spirit (popularly called petrol) since 29th May 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 to rise in July, going …

The World Bank has expressed its support for the Federal Government’s decision to remove subsidies and unify the country’s exchange rate. This follows President Bola Tinubu’s recent speech advocating for these measures. During an event organised by the World Bank to assess Nigeria’s economy over the past six months on Tuesday, Country Director, Dr. Subham Chadhuri emphasised that although the …

Federal Government representatives and Labour leaders will today resume talks on petrol subsidy removal palliatives, it was confirmed yesterday. Both parties are expected to harmonise some of the demands put forward by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC). According to the Permanent Secretary, Federal Ministry of Labour and Employment, Kachallom Daju, the parties will reconvene at the presidential Villa, …

The Edo State Government has reduced school days to thrice weekly as part of efforts to cushion the impact of fuel subsidy removal. The Chairperson of the Edo State Universal Basic Education Board (SUBEB), Ozavize Salami said this in Benin City on Friday after a meeting between the state’s Head of Service Anthony Okungbowa and other government officials. Friday’s meeting …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has commended President Bola Tinubu for subsidy removal and tasked him with palliatives for Nigerians. IPMAN National President, Mr Debo Ahmed told newsmen in Abuja that, for a long time, the group had been supportive of the removal of fuel subsidy because of its implication on the economy and the market space. …

The Academic Staff Union of Universities (ASUU) has insisted that Nigeria has no subsidy. At the Alex Ekweme Federal University, Ndufu-Alike, Ikwo in Ebonyi State yesterday, ASUU President, Prof. Emmanuel Osodeke wondered why Nigeria would be exporting crude oil for the past 70 years and cannot refine the product at home. During his inauguration, President Bola Tinubu announced that “subsidy …