Saraki Urges Buhari To Remove Fuel Subsidy

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The Chairman, Senate Committee on Environment and Ecology, Senator Bukola Saraki, has urged the incoming administration to completely remove the fuel subsidy and restore normalcy to the petroleum sector, adding that the country was losing a total of $2 billion to fake fuel subsidy operators. The former governor of Kwara

Fuel Scarcity: Factional Labour Leader Warns Of Industrial Action

As the scarcity of petrol lingers across Nigeria, a factional Deputy President of the Nigerian Labour Congress (NLC), Mr Issa Aremu, says workers may be forced to stay at home ‘if government fails to address the problem as soon as possible’. In a statement he issued on Sunday in Kaduna,

Buhari Speaks on Fuel Subsidy & Scarcity Issues: “I Will Try and Find Out What Went Wrong”

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President-elect Muhammadu Buhari is speaking out about the current fuel issues Nigeria is facing. Here are excerpts from a recent interview he had with Daily Trust: One burning issue is fuel subsidy. I believe you are aware of the queues in major cities like Lagos and Abuja.

Fears Over Removal Of Oil Subsidy

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Nigeria’s crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be a fraught process, the chief executive of energy company Sahara Group said on Wednesday. Prospects for a removal of subsidies, and a change in government at the end of May,

Nigerian Students Warn Buhari

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The National Association of Nigerian Students (NANS) has cautioned Mohammadu Buhari against any attempt to remove fuel subsidy when he resumes office on May 29.

‘Don’t Remove Subsidy on Petrol’ – NANS Tells Govt

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The National Association of Nigerian Students (NANS), says it will not support the removal of fuel subsidy either by the outgoing or incoming administrations. A statement issued by Nwankwo Ezekiel, NANS’ Public Relations Officer and made available to the News Agency of Nigeria (NAN), in Abuja on Monday, said removing

Nigerians Prepare For Showdown As NLC, TUC Warn Buhari Against Removal Of Fuel Subsidy

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With less than a month to the end of the President Goodluck Jonathan’s administration, a stage appears set for a showdown between the President-Elect, Muhammadu Buhari and the vast majority of Nigerians. The development, which has already started generating tension across the country, is largely seen as a landmine on

IMF Urges Nigeria To Get Rid Of Fuel Subsidy

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The International Monetary Fund (IMF) has on Friday urged Nigeria and seven other oil-producing countries in Africa to implement politically difficult oil subsidy reforms, as the current drop in oil prices offers unique economic opportunity. Speaking during a press conference in Washington DC, United States of America at the ongoing

Federal Ministry of Industry, Trade & Investment Threatens to Seal Petrol Stations Selling Above N87 Per Litre

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Rufai Mohammed, of the Weight and Measures Department of the Federal Ministry of Industry, Trade and investment, says the department is ready to seal any filling station that refuses to sell petrol at N87 per litre. Mohammed, Assistant Director, Oil and Gas, in the ministry, said this in an interview