Ogun State, Nigeria, World News & Stories
6 posts.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that eliminating the petrol subsidy and implementing market-driven foreign exchange pricing has saved the country $20 billion. Speaking at an event in Abuja celebrating Esther Walso-Jack’s first 100 days as Head of the Civil Service of the Federation, Edun explained the…
The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, has refuted the circulating allegations suggesting that the federal government might be subsidizing fuel imports to stabilize prices amidst fluctuations in foreign exchange rates. During his meeting with President Bola Tinubu at the Presidential Villa, Kyari maintained that market dynamics, driven…
Mowe Community in Ifo Local Government of Ogun State is lamenting the Ogun State Government’s act of giving only one bag of rice to over 200 houses to share as subsidy palliative. The Chairman of the Mowe Community Development Association (CDA) in Ogun State, Timothy Agboola, expressed dissatisfaction with the portion of palliative aid provided…
The Nigeria Employers’ Consultative Association, NECA, urged the Federal Government to be more definitive in its pronouncements and expedite action on all announced palliatives, saying there is little to cheer in President Tinubu’s speech. Reacting to the speech in Lagos, the Director-General of NECA, Adewale-Smatt Oyerinde, said “While we commend the President’s commitment to fix…
The article, “The Fallout of Subsidy Removal in Nigeria: A Harsh Reality” written by Asiwaju Tayo Banjo was first published on the Medium. Introduction The removal of subsidies in Nigeria, particularly in the context of petroleum products, has long been a topic of debate and contention. In recent times, this debate has been reignited as…
With PMS(Petrol) consumption at 99%, FX challenges may continue Dangote Refinery and other modular refineries in Nigeria are changing their production focus away from premium motor spirit (PMS) due to the reintroduction of fuel subsidies in President Bola Tinubu’s administration, The Guardian has reported. Dangote Refinery, a major player in the industry, is gearing up…
