subsidy

Governor Ortom supports the removal of fuel subsidy

The Governor of Benue state, Samuel Ortom, on Saturday, expressed his support for the federal government’s decision to remove fuel subsidy. The governor stated this while speaking at the funeral mass of the mother of the minister of Agriculture and Natural Resources, Chief Audu Ogbeh. Ortom, a member of the All Progressive Congress (APC), noted... Read More

APC, benue state, Fulani, Ogbeh, Ortom, subsidy

Opinion: These are the benefits of the new fuel price

The subsidizing of petroleum products especially Premium Motor Spirit (PMS) in Nigeria has been a source of heated debates between individuals, government officials, investors and civil societies since as far back as the mid-80s. The argument ‘to subsidize or not to subsidize’ has finally been put to rest with the announcement by the Minister of... Read More

amenities, education, Fuel, nigerians, nnpc, subsidy

Opinion: The economics of this subsidy removal of a thing

In January 2012, hundreds, maybe even thousands of people thronged designated spots in the major cities of Nigeria to protest President Goodluck Jonathan’s abolition of fuel subsidies. At the time, it seemed like the right thing to do. With our status as Africa’s top producer of crude oil, it was – and remains – unfathomable... Read More

corruption, economy, Fuel, nigerians, oil marketers, price, subsidy

Flashback: 2011, when Lamido Sanusi predicted this turn of events

Former Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, who later became a whistleblower before ascending to the throne of the Kano Emirate, may have been a prophet, or an economist with foresight. In a 2011 video as he defended fuel subsidy removal alongside finance minister, Ngozi Okonjo-Iweala, Sanusi could be seen prophesying... Read More

Buhari, CBN, emir, Governor, jonathan, sanusi, subsidy

N145: NLC, TUC have issued a final warning to the FG

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), on Friday, called on the Nigerian government to revert the price of fuel to N86 per liter or prepare to face a nationwide strike that will halt the economy of Nigeria. The NLC made their position known after holding a National Executive Council (NEC)... Read More

Face-off, FG, Fuel Price, nlc, protest, strike, subsidy

This is why fuel price is up – Vice President Osinbajo just confused everyone

You thought the sharp increase in fuel prices was due to ‘fuel subsidy removal’. Well, someone made a different case just this evening. Vice President Yemi Osinbajo has written a letter to Nigerians attempting to explain why the subsidy placed on petrol was removed by the Federal Government on Wednesday, May 12. The vice president,... Read More

Featured, The News Blog

Buhari, life, Oil, president, price, subsidy

Mazi Emeka: Why NNPC is selling fuel at N145

The internet threw a question at us and we decided to answer it. A few days ago, the Minister of state for Petroleum Resources, Ibe Kachikwu, announced that the federal government will remove subsidies on fuel and allow market dynamics to determine the price of the product. Expectedly, this will result in an increase in... Read More

Forex, Fuel, Kachikwu, market forces, N145, nnpc, price, subsidy

Ibe Kachikwu has some more explanation for new fuel price

The Minister of State for Petroleum, Ibe Kachikwu, on Thursday, took to his Facebook wall to further explain the new petroleum products supply and pricing framework announced by the federal government on Wednesday. “Unavailability of Forex and Inability to open letter of credit has forced marketers to stop productimportation and imposed over 90% supply on NNPC since... Read More

frame work, Fuel Price, Ibe Kachikwu, Minister, PMS, subsidy, supply

Reno Omokri always has something to say, and so he has attacked #OccupyNigeria protesters

Former social media aide to ex-president Goodluck Jonathan and founder of Mind of Christ Christian Center, Reno Omokri has attacked the #OccupyNigeria protests which erupted in January 2012 following the announcement of the removal of subsidy by the Federal Government on the first day of the year. Reno’s attack is a reaction to the recent... Read More

#OccupyNigeria, nigeria, nnpc, occupynaija, Oil, pppra, Reno Omokri, subsidy, subsidy regime

Someone investigated the looting of subsidy funds under Jonathan, and we noted these 12 points

Even as different reactions trail the removal of the subsidy placed on petrol by the administration of President Muhammadu Buhari, an investigating report showing how funds from the removal of subsidy by the previous administration of Goodluck Jonathan was squandered has been revealed. An investigation conducted by the the International Centre for Investigative Reporting icirnigeria.org has revealed that... Read More

Buhari, corruption, jonathan, nigeria, scam, subsidy, toatal, transportation

In today’s edition of Captain Obvious, Balarabe Musa says ‘Nigeria is in trouble’

“We are in trouble; the already bad situation will get worse and it will worsen the poverty level of Nigerians,” said the former governor of Kaduna state, Balarabe Musa, while condemning the recent increase in fuel price. The former governor, who is also a national leader of the Peoples Redemption Party, also said he will... Read More

Alhaji Balarabe Musa, Fuel Price, increase, Kaduna State, nigerians, nlc, protest, subsidy

Oby Ezekwesili takes a stand on why #OccupyNigeria was more than about fuel subsidy

Following the removal of the subsidy placed on petrol by the Federal Government on Wednesday, May 11, many Nigerians have taken a bitter trip down memory lane to January 2012 when the Goodluck Jonathan administration announced the removal of subsidy. Millions of Nigerians had trooped to the street to protest against removal using the tag... Read More

#OccupyNigeria, nigeria, Oby Ezekwesili, occupynaija, Oil, petrol, subsidy, twitter.

FG to pay subsidy to oil marketers – Here’s why

The Nigerian government, on Monday, announced that it will pay fuel subsidy to oil marketers based on the profits made from the first quarter of 2016. This disclosure was contained in a template released by the Petroleum Product Pricing Regulatory Agency in Abuja. The PPPRA stated that the federal government made N10 billion between the... Read More

Fuel, nnpc, pppra, subsidy

The Nigerian FG hikes Kerosene price to N83 per litre | YNaija.com

January 25, 2016

Kerosene price hiked from N50 to N83 per litre [DETAILS]

The price of Household Kerosene (HHK) has been increased from N50 per litre from N83 per litre, as the federal government prepares to officially end subsidy payment on the product. The Petroleum Products Pricing Regulatory Agency, released its product pricing template released over the weekend- where it was stated that N83 per litre price will... Read More

Featured, The News Blog

FG, Kerosene, nigeria, price, subsidy

December 15, 2015

THE YNAIJA TRACKLIST: Subsidy, going, going…| Oshiomhole, the spiritual master| Trump soars to new pathetic heights | More stories

FG to withdraw subsidy in 2016, petrol to sell at N97. This Day FG assures youths of job creation. Leadership Dasuki arraigned again, Dokpesi granted bail. This Day Oshiomhole goes spiritual, says those plotting against him have failed. YNaija EFCC against bail for Dasuki, others over fear absconding. Punch Buratai relays how he escaped Shi’ite sect... Read More

biafra, COAS, dasuki, Ijaw, INEC, petrol, subsidy, tracklist

December 9, 2015

THE YNAIJA TRACKLIST: Nnamdi Kanu seeks bail | Boko Haram sponsors can’t escape | Saraki absolves self from stolen N310 million | More stories

Why Bayelsa election killings must be probed. Premium Times Saraki says he’s not the owner of N310 million stolen by DSS agents. This Day World Bank advises Buhari to remove oil subsidy. Leadership Top Floor of 35-storey NECOM house in Lagos razed by fire in Lagos. This Day Dasuki trial adjourned till 2016. Leadership NCC explains... Read More

boko haram, Buhari, FG, subsidy, tracklist, World Bank

November 19, 2015

In today’s episode of ‘House Madness’, Gbajabiamila and Ogor were the lead actors

New day, new drama! This seems to be the story of Nigerian lawmakers in recent time. A disagreement between the All Progressives Congress and the Peoples Democratic Party over the continuous funding of fuel subsidy by the Federal Government degenerated into a verbal riot on Thursday, November 19, at the House of Representatives. The lawmakers danced around the boundaries... Read More

APC, House of Reps, PDP, riot, subsidy, violence

Steve Ayorinde: Why Buhari should not give subsidy to pilgrims

Why should anyone speak against the folly of allowing private citizens fund their religious trips with tax payers’ sweat when beneficiaries cut across different strata of the society on a yearly basis? Almost two weeks after it was made public, the Federal Government is yet to authenticate the shocking news that President Muhammadu Buhari... Read More

opinion, Religion, Steve Ayorinde, subsidy, ynaija

‘If subsidy is removed, a dollar might be N500’, says Dangote

One of Africa’s biggest businessman, Aliko Dangote said Nigerians should invest at home and create jobs stating that 5 to 10 people can make Nigeria a great economy. According to Vanguard, Dangote, who said this in an interview also said Nigeria will not have meaningful development until power problems in the country is sorted. Here are 10... Read More

aliko dangote, Business, nigeria, subsidy

Opinion: Why Buhari will fail if fuel subsidy is not removed

by Dave Lafiaji Just as many other Nigerians have done at one time or another, I have sketched in this discussion, what I do believe are the pathways the Buhari administration might have no choice but follow, unless it is determined from day-one, to fail. God forbid! Barely six weeks after Nigeria received rare favourable... Read More

administration, Fuel, memo, opinion, president buhari, subsidy, ynaija

Subsidy must go

In December 2011, I was back in Lagos from Umuahai, Abia State, to celebrate the Christmas break with my family and friends. My plan was to go back within the first week of the new year, 2012. I budgeted ten thousand naira (N10,000) for my transport fare both to and fro. The celebration was on... Read More

michael ogundana, ogundana, subsidy

Nigerian students have this to say on the fuel subsidy matter

by Ranti Joseph The National Association of Nigerian Students (NANS) says it will not support the removal of fuel subsidy either by the outgoing or incoming administrations. In a statement issued by NANS’ Public Relations Officer, Nwankwo Ezekiel in Abuja on Monday said removing fuel subsidy was anti-people. The statement said NANS took the decision... Read More

FG, NANS, petrol, subsidy

November 18, 2014

Judge withdraws from Farouk Lawan’s $620,000 bribery case

by James Sambo On Tuesday, 17 November, Justice Adebukola Banjoko withdrew from the $620,000 bribery charges instituted against a former Chairman, House of Representatives Ad-hoc Committee on Fuel Subsidy, Mr. Farouk Lawan. Justice Banjoko of a Federal Capital Territory High Court in Gudu, Abuja, voluntarily withdrew from the case and ordered the case file to... Read More

Abuja, Boniface Emenalo, Bribery case, farouk lawan, Femi Otedola, icpc, Justice Adebukola Banjoko, subsidy

Opinion: The problem with Nigeria’s fuel subsidy programme

by Ifeanyi Uddin At this point, I can think of a dozen reasons why the fuel subsidy should stay. Easily the first is why any Nigerian should trust this government with any fiscal savings that arise at his/her expense. We ought not to endure further increases in our tax burden without a palpable scaling up... Read More

Cabal, fuel hike, government, Ifeanyi Uddin, opinion, price, private, removing, subsidy, trust, ynaija

Are you ready? FG may remove petrol, kerosene subsidies soon

by Akan Ido The Federal Government through the minister of Petroleum Resources, Diezani Alison-Madueke has given strong indications that the subsidy on Premium Motor Spirit (Petrol) and Kerosene may soon be removed. This is following the increasingly dwindling revenue from the products allegedly due to sabotage, diversion of products, hoarding, panic buying and rumours of imminent... Read More

Diezani Alison Madueke, FG, Goodluck Jonathan, Kerosene, nigeria, petrol, subsidy

Opinion: Are Nigerians really tired of bad governance?

by Umar Yakubu Thoughts around security, national budget, state of the economy are not debated. Instead, you will read a lot of name-calling and exchange of insults. Ironically, that’s what constitutes present day Nigeria as these social forums comprise of Nigerians from all walks of life. Nigerians are not bothered, nor complaining, nor tired or... Read More

February 28, 2014

Joe Igbokwe: How FERMA defrauds Nigerians in Lagos

by Joe Igbokwe With a cash cow like SURE-P (Subsidy Re-Investment and Employment Programme) at hand to fund anything that will help them, Lagos PDP went back to resuscitate the dead FERMA foot soldiers who terrorized Lagosians in the days of Adeseye Ogunlewe as Federal Minister for Works. “FERMA is now putting signposts on areas... Read More

Babatunde Raji Fashola, Bode George, FERMA, Joe Igbokwe, lagos state, opinion, PDP, subsidy, SURE-P, ynaija

February 27, 2014

Olusegun Adeniyi: Sanusi’s allegations of corruption and its merit

by Olusegun Adeniyi However, I am also of the view that there are two critical charges against Sanusi that I find indefensible: one, refusal by the CBN to comply with the Public Procurement Act in the award of contracts and two, Sanusi’s propensity for playing Father Christmas by donating scandalous amounts of public money all... Read More

frsud, law, nnpc, Olusegun Adeniyi, opinion, President Goodluck Jonathan, public procurement act, Sanusi Lamido Sanusi, subsidy, Suspension, ynaija

February 24, 2014

Opinion: This is why kerosene sells for so high in Nigeria

by Ayo Benjamin A subsidy policy that attempts to make a popular commodity like kerosene, used by most households, affordable for the masses cannot be wrong. One gets the feeling that beyond the unresolved issues of the exact sum spent on kerosene subsidy and the legality or otherwise of the policy, a critical part of... Read More

Ayo Benjamin, demand, Kerosene, nnpc, opinion, populace, porous borders, subsidy, ynaija

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