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Tag: Subsidy

Breaking News

Subsidy Savings: NECA Urges States, Local Governments to Account for ₦10.4tn Received

The Nigeria Employers’ Consultative Association (NECA) has called on state and local governments to account for the ₦10.4 trillion they received from resources generated following the removal of the petrol subsidy. NECA Director-General, Adewale-Smatt Oyerinde, made the call during an interview on Channels Television’s Sunrise Daily on Thursday, following revelations by the Minister of Finance […]

Economy

TUC Proposes Production Subsidy For Dangote Refinery, Others To Slash PMS Prices

The Trade Union Congress (TUC) is proposing what it calls a “production subsidy” for Dangote Refinery and other modular refineries to help reduce the cost of premium motor spirit (PMS), better known as petrol. TUC president, Festus Osifo, said this on Friday when he fielded questions on Channels Television’s Politics Today. Osifo argued that since […]

Economy

Fuel Subsidy Removal, Other Reforms Hold Long-Term Benefits, FG Tells Nigerians

The Federal Government has assured Nigerians that economic reforms such as fuel subsidy removal, foreign exchange reforms, and fiscal restructuring have long-term benefits to all. Minister of Information and National Orientation, Mohammed Idris, gave the assurance while receiving an award on Friday in Lagos. Idris, who was conferred with ‘Image Maker Award 2026’ at the […]

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