The Centre for Anti-Corruption and Open Leadership (CACOL) has recommended President Bola Tinubu expand subsidies to other vital economic sectors rather than remove fuel subsidies. CACOL also advocates for practical strategies to address Nigeria’s various challenges, such as establishing food banks and providing marketing boards to farmers. This advice was communicated on Wednesday in a …
Most gas stations in Anambra State were closed on Tuesday, while those openly sold fuel at exorbitant prices ranging from N500 to N700 per litre. The cause of these closures is disputed, with some attributing it to the recognition of May 30 as Biafra Day, while others suggest it was a reaction to President Bola …
Fuel Prices Skyrocket to N550 per litre in Anambra amid Business Closures Read More »
Festus Keyamo, the former Minister of State for Employment, characterised as mischievous the media reports suggesting that President Bola Tinubu is responsible for the removal of the fuel subsidy. On Tuesday, via his Twitter account, Keyamo articulated that Tinubu’s administration merely stepped into an era where the 2023 Appropriation Act and the Petroleum Industry Act, …
Keyamo Refutes Claims that Tinubu Axed Fuel Subsidy Read More »
Ketti town residents in Lugbe District, Abuja, are grappling with a fuel scarcity crisis, as all petrol stations in the region ceased operations following the declaration by President Bola Tinubu to discontinue the fuel subsidy. This decision has sparked anxiety amongst Ketti’s population, struggling to procure fuel for their vehicles and generators. In the adjacent …
Abuja Encounters Fuel Crisis Following Fuel Subsidy Abolition Read More »
Fuel queues have reemerged nationwide following the presidential announcement of fuel subsidy removal. Yet, the House of Representatives stands firm in its support for President Bola Tinubu’s decision. On Tuesday, spurred by an urgent public importance motion introduced by member Jimoh Olajide, the House praised the President’s initiative. Furthermore, they implored the public to demonstrate …
Following his inauguration as the 16th President of Nigeria, President Bola Tinubu convened his first official meeting on Tuesday at the Presidential Villa, Abuja. Notable attendees included the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, and the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mr Mele …
Amid Fuel Crisis, President Tinubu Convenes High-Profile Meeting at Presidential Villa Read More »
The aftereffects of President Bola Tinubu’s inaugural speech on Monday, announcing the termination of fuel subsidies, have swiftly rippled through Calabar. As a result, numerous filling stations have ceased operations, and those still functional have escalated the fuel prices from N210 to a staggering N750 per litre. Some investigations revealed that residents, unable to afford …
Soaring Petrol Prices: Subsidy Removal Leads to Commuter Chaos and Fuel Hike to N750 Read More »
The Trade Union Congress of Nigeria (TUC) has condemned the fuel subsidy removal as declared by President Bola Tinubu during his swearing-in ceremony on Monday. The TUC has dubbed this action a ‘joke taken too far.’ In a joint statement by its President, Festus Osifo, and Secretary General, Nuhu Toro, TUC analysed the President’s inaugural …
TUC Decries Tinubu’s Fuel Subsidy Removal: Claims It’s a Joke Carried Too Far Read More »
The lower sector of the Nigerian oil industry is in turmoil as stakeholders react to the abrupt abolition of the petrol subsidy, resulting in a steep rise in fuel pump prices and consumers thronging petrol stations. Nationwide, commercial transporters have promptly raised their journey charges in response to these changes. In his maiden speech, the …
Petrol Price Soars to N350/litre Amidst Queue Chaos Following Subsidy Removal Read More »
Diverse reactions have emerged following President Bola Tinubu’s decision to cease petrol subsidies and unify forex rates. The Nigeria Labour Congress (NLC) has criticised the move, asserting that the President lacks the gall to implement such a policy. On the other hand, major industry stakeholders such as the Manufacturers Association of Nigeria (MAN), the Nigerian …
Subsidy Removal: NLC Resists as Industrialists Applaud Tinubu’s Policy Direction Read More »
