Pro- democracy activist, Hon Mike Msuaan has called on the authorities to extend fuel subsidy removal palliatives to students of higher institutions of learnings. Speaking when he was conferred with the distinguished service award as a True Nationalist in Abuja, he argued that the palliatives would cushion the effects of …
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Subsidy Removal: Jigawa Receives N28bn Special Grant From Federal Government
Jigawa State Government has received a total sum of N28 billion special grant from the federal government to ease the headship occasioned as a result of fuel subsidy removal. This was disclosed by the state commissioner of Budget and Economic planning Babangida Umar Gantsa while briefing newsmen on the outcome …
Read More »With Subsidy Removal, No More Increase Of Petrol Pump Price — Tinubu
President Bola Tinubu has assured that the government will implement measures to uphold the existing pump price of Premium Motor Spirit (PMS) otherwise known as petrol, in the country, without reverting its stance on subsidy removal. He affirmed that there will be no more price hike in any region of …
Read More »Subsidy Removal: Jigawa Government Rolls Out Palliatives For Less Privileged, SMEs
The Jigawa State Government has rolled out palliatives to cushion the effects of the removal of fuel subsidy among people in the state, including entrepreneurs, Small and Medium Scale Business operators. The state Commissioner for Information, Youths, Sports and Culture, Mr. Sagir Musa, stated this when he addressed newsmen on …
Read More »Fuel Subsidy: 10,000 Households To Get N5,000 Palliative In Ekiti
As part of measures to ameliorate the impact of fuel subsidy removal on the residents of Ekiti State, Governor Biodun Oyebanji has approved of the Payment of N5,000 as a conditional cash transfer to 10,000 households in the state. The intervention was part of several others designed to directly impact …
Read More »Borno State Governor Shares Food To 2,000 Households In Mafoni
Borno State Governor, Babagana Umara Zulum, on Monday, supervised the distribution of food palliative to over 2,000 households in Mafoni ward of Maiduguri Metropolitan Council. The distribution, which is aimed at cushioning the effects of fuel subsidy removal, took place on the premises of Mohammed Goni College of Legal and …
Read More »Fuel Subsidy: Kwara State Approves N10,000 For Students, Security Agents
Kwara State governor, AbdulRahman AbdulRazaq has directed the payment of N10,000 each to students of Kwara origin in public-owned tertiary institutions. The governor also approved a stipend of N10,000 each for some categories of security agents defined as the first line of defence. The chief press secretary to the …
Read More »SUBSIDY: Why We Are Taking Time To Roll Out Palliatives – Presidency
In response to the recent outcry over the removal of fuel subsidy and the subsequent increase in the price of premium motor spirit (PMS), commonly known as petrol, the Presidency has come forward to explain the delay in rolling out palliatives to cushion the effects. The contemplated palliative is aimed …
Read More »FUEL SUBSIDY: Marketers Struggle To Raise Capital For New Supplies
Following the removal of subsidy on petrol, the marketers are struggling to raise the required capital to purchase the product at the depots, a check by Vanguard has shown. Before the removal of subsidies, ticket prices to load at the depot averaged N8.1 million per truck. The new price …
Read More »FUEL SUBSIDY: Marketers Struggle To Raise N10bn For New Petrol Orders
Many depot owners may soon shut down their facilities due to the inability to meet the new financial requirement of about N10bn by the Nigerian National Petroleum Company Limited as the cost of lifting fuel from its ships, according to reports. NNPCL has enough stock in-country and we still buy …
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