Electricity consumer protection groups on Tuesday advised the Federal Government against the removal of electricity subsidy so as not to create a hike in tariffs. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, had disclosed that government was working towards eliminating electricity subsidy to free up funds for[Read More…]
Tag: Subsidy
Nigerians should be paying N256/litre for petrol: NNPC
Mele Kyari, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), says Nigerians should be paying at least N256 per litre for petrol. Mr Kyari disclosed this at a stakeholders meeting organised by the NNPC to stop fuel smuggling. Commenting on the current PMS and subsidy payment, Mr Kyari[Read More…]
“We can’t continue subsidy’ — NNPC GMD says petrol may sell for N234 per litre
Mele Kyari, general managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the company cannot continue to bear the subsidy burden Petroleum Products Pricing Regulatory Agency (PPPRA) had released a template increasing petrol price to N212 per litre — but the template was later deleted. Speaking during a[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]