The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government in 2023 to N10.14 trillion. Data released on Tuesday by the Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report on the Federation Account revenue allocations for the year …

A private university in Gombe, Pen Resource University has taken steps to mitigate the effects of the fuel subsidy on its employees by announcing a salary increment for all categories of staff. The increment, which ranges from 25 per cent to 35 per cent, is aimed at cushioning the effects of the fuel subsidy removal. The move comes amidst a …

President Bola Tinubu has approved the N35,000 wage award for civil servants to cushion the effects of fuel subsidy removal. This was disclosed in a memo issued by the Chairman/Chief Executive Officer of the National Salaries, Incomes and Wages Commission, Barrister Ekpo Nta. The memo stated that all federal civil servants are beneficiaries of the wage award. Dated 19th October …

The Federal Government has approved N5 billion for each state and the Federal Capital Territory (FCT) to enable them to procure food items for distribution to the poor in their respective states. Borno State Governor, Prof. Babagana Zulum said at the Presidential Villa, Abuja, shortly after the National Economic Council (NEC) meeting on Thursday, that, in addition to the fund, …

The University of Ibadan has directed its staff to work for three days a week. In a statement by the institution on Monday, and signed by the Registrar/Secretary to Council, G.O. Saliu, the institution stated that the choice was made in light of the recent elimination of Premium Motor Spirit subsidies. The statement said: “The astronomical increase in the fuel pump …

The Nasarawa State Government has received palliatives meant to mitigate the impact of the fuel subsidy removal from the Federal Government. During a visit to the Speaker of the State House of Assembly, Rt. Hon Ibrahim Abdullahi, at his residence in Lafia, the state capital, on Friday, Governor Abdullahi Sule explained that the people of the state, like other states of …

Acting Inspector General of Police (IGP), Kayode Egbetokun, has warned that the force would not tolerate violent protests during Wednesday’s rallies by the Nigeria Labour Congress (NLC). NLC and its allies said the protest is to compel the Federal Government to reverse all “anti-poor” and “insensitive” policies. Labour also called on Civil Society Organisations and its councils across the states to …

Maritime Workers Union of Nigeria (MWUN) has directed all ports workers across the country to fully participate in the planned nationwide mass protest by organised Labour to protest the increases in the pump price of petrol, following the removal of subsidy on petrol, among other alleged anti-poor policies of the Federal Government. In a statement, MWUN Deputy Secretary, Erazua Oniha, …

President Bola Tinubu, on Thursday,  urged Nigerians to persevere with his administration some more, saying he understands the pains they must be experiencing since the discontinuance of the petrol subsidy on 29th May. The President gave the assurance that the hardships of the moment would eventually give way to a more prosperous, equitable and inclusive economy. “You have endured; you …

The Ebonyi State Government has said it was aware of the harsh economic situations of the citizens amid the fuel subsidy removal and vowed to deploy measures aimed at ameliorating their sufferings. The government noted that it was studying the nature of palliatives currently muted by the Federal Government for Nigerians in a bid to match same with what its …