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
With barely less than four days to the inauguration of a new government, the president-elect, Muhammadu Buhari, has opened up to Daily Trust on issues bothering the oil sector. Here is an excerpt of the interview below:
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,
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.
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,
Senator Kabiru Garba Marafa The Vice Chairman, Senate Committee on Petroleum (upstream), Senator Kabir Marafa, has called for the removal of oil susbsidy to end the lingering scarcity of the product in the country.
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
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
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
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