Posts Tagged ‘Subsidy’

Katsina Will Spend N2.7bn On Fertilisers, Sell At Subsidized Rates— Aminu Masari

Governor of Katsina State, Aminu Masari recently approved the purchase of 30,000 metric tonnes of fertilizer issued to farmers at subsidized rates. State Commissioner of Budget and Economic Planning, Alhaji Faruk Jobe revealed this to reporters on Wednesday during a press briefing held after the state’s weekly executive council meeting, and presided over by Governor […]

NNPC Stops Subsidy Regime

The Nigerian National Petroleum Corporation (NNPC) will no longer cap the price at which fuel is sold in the country in the form of subsidy payment or under-recovery cost. The state-owned oil company in a tweet via its official handle yesterday, quoted Mele Kyari, its group managing director, as saying: “As at today, subsidy and […]

FG calls for use of gas-powered vehicles to remove fuel subsidy

Plans are ongoing by the Federal Government to expand the use of Compressed Natural Gas in order to stop subsidy payment on Premium Motor Spirit, also known as petrol, the Minister of State for Petroleum Resources, Timipre Sylva has revealed. Sylva, who made this known while briefing newsmen in Abuja on Wednesday, said that the […]

FLASH| FG Has Not Restored Subsidy For Petrol – PPPRA

The Petroleum Prod­ucts Pricing Regulatory Agency (PPPRA) on Monday said the Federal Gov­ernment has not restored sub­sidy on Premium Motor Spirit (PMS). The Acting Executive Secretary of PPPRA, Mrs. Sotonye Iyoyo in a statement in Abuja said the agency is continu­ing with government’s policy of price modulation for every quarter of the year. PPPRA had […]

Buhari Back Tracks, Begins Payment of Subsidy

The Federal Government on Saturday recommenced the payment of subsidy on petrol as it subsidised the commodity by N5.84 for every litre of premium motor spirit consumed in Nigeria. Subsidy on petrol was stopped in January after the review of the pricing template of the product by the government. It also announced that the current […]

Buhari Orders Immediate Payment Of Subsidies Owed To End Fuel Scarcity

President Muhammadu Buhari has directed Finance Minister Kemi Adeosun immediately pay overdue subsidies of 407 billion naira ($2.06 billion) “to bring to a quick end to the lingering fuel crisis which has caused great suffering to Nigerian families and businesses”. The payment covers arrears from 2014 and this year and further details will be published in national newspapers. […]