Fuel subsidy
The average price paid by Nigerians for Premium Motor Spirit, known as fuel, increased by 215.95 per cent in July 2023 compared with the value it recorded in the same month last year. The National Bureau of Statistics recently disclosed this in its July Premium Motor Spirit (Petrol) Price Watch. The report stated that the […]
Plans are not underway by the President Bola Tinubu-led government to reintroduce fuel subsidy, Senior Special Assistant to the President on Media and Publicity, Tope Ajayi, has said. Ajayi said this while reacting to a report that the president was considering temporary subsidy on petrol as a result of rising crude oil prices and foreign […]
The Trade Union Congress of Nigeria, TUC, yesterday, gave the Federal Government a two-week ultimatum to conclude negotiations or face workers’ protest. The union’s president, Festus Osifoh, gave the ultimatum at a state of the nation press briefing in Abuja on Monday. Osifo said if no tangible policy measure to cushion the economic challenges brought […]
The Ogun government has approved a cash palliative of N10,000 for each of its public servants and pensioners, as palliative to cushion the effect of the recent removal of fuel subsidy. Top on the list of palliatives is the approval of N10,000 for civil servants and pensioners every month, according to a statement by the […]
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