fuel subsidy removal
The ruling All Progressives Congress (APC) has responded to former President Olusegun Obasanjo’s criticism of President Bola Tinubu’s economic reforms and handling of the coup d’état in Niger Republic. Obasanjo had criticized the administration’s removal of the petroleum subsidy and the naira’s floating exchange rate. In a statement released on Sunday by his Special Assistant […]
President Bola Ahmed Tinubu’s administration is gearing up to mark its first anniversary with a groundbreaking initiative set to revolutionize Nigeria’s transportation sector. Ahead of May 29, the administration is poised to roll out the first batch of compressed natural gas (CNG) vehicles, comprising buses and tricycles, as part of its commitment to transitioning away […]
Human rights lawyer Femi Falana (SAN) has called on the Federal Government to reevaluate its fuel subsidy removal policy amid claims that Nigeria is still footing the bill for subsidies. Despite President Bola Tinubu’s declaration to end the subsidy era upon his inauguration, recent assertions from the World Bank and Pinnacle Oil and Gas Limited’s […]
As Nigeria grapples with escalating economic challenges, the Bola Ahmed Tinubu-led government has unveiled plans to raise N2.5 trillion through its second FGN bonds auction, signaling a continued reliance on borrowing to bolster the nation’s finances. The announcement, made by the Debt Management Office (DMO), comes amidst growing concerns over the country’s rising debt burden […]
The Nigeria Labour Congress (NLC) is considering an audacious proposal for a new minimum wage of up to N1 million for Nigerian workers, citing the relentless surge in inflation and the escalating cost of living under the current administration. Joe Ajaero, President of the NLC, revealed this groundbreaking proposition in an interview with Arise News, […]
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