The Nigeria Union of Journalists (NUJ) Anambra State Council has appealed to Governor Chukwuma Soludo to make available subsidized vehicles to convey civil servants in the state to and from work to cushion the effects of the hike in fuel pump price. It also urged officials of Department of Petroleum Resources (DPR) to look into
Read more
The declaration by President Bola Tinubu to enforce his predecessor’s decision to remove fuel subsidy by June ending has been greeted with mixed reactions. Tinubu had earlier on Monday, in Abuja, affirmed that his administration would not continue to pay subsidy on petroleum products. He said given the high opportunity cost the Federal Government was
Read more
…proposes to spend N3.3tn on fuel subsidy between January and June 2023 The Federal Government has concluded plans to do away with fuel subsidy by June 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed revealed this on Tuesday in Abuja during a press conference to mark the end of the 28th National
Read more
‘Reps directed that all government agencies must ensure that spending on fuel subsidy must not go beyond the N1.7 trillion cap’ The green chamber of the National Assembly on Thursday passed the Medium Term Expenditure Frame Work and Fiscal Strategy Paper (FSP). The House of Reps also rejected the proposal by the executive to spend
Read more
Former Vice President of Nigeria, Atiku Abubakar, on Tuesday, added his voice to the widespread protests on the recent increment of the pump price of petrol by the Nigerian government. Atiku stated that from an economic viewpoint, the hike was not necessitated. The DAILY VENDOR recalls that the federal government through the Petroleum Products Marketing
Read more
Amidst public outcry against the increasing cost of fuel subsidy to the economy, the Senate has disclosed that, until the nation can boast of fully functional refineries, the subsidy would not be removed. The disclosure is in sharp contrast to the upper chamber’s earlier position, when in 2019 it condemned the lack of transparency in
Read more