Tag: Fuel Subsidy

Tinubu Deserves Credit For Subsidy Removal, Says Sunday Dare –

Sunday Dare, who is the Special Adviser to President Bola Tinubu on Public Communication and Orientation, recently spoke out in support of the president’s economic reforms. He emphasized the importance of being patient as Tinubu implements these changes, particularly the removal of the fuel subsidy. During an interview on Channels Television’s “Politics Today,” Dare explained […]

Minister of Finance Edun Announces Plans to Increase VAT on Luxury Goods to 15%

The Nigerian government, led by Finance Minister Wale Edun, has announced plans to increase the Value Added Tax (VAT) on luxury goods to 15%. This change is part of a new bill currently being reviewed by the National Assembly. Edun explained that while luxury items will face this tax hike, essential goods needed by low-income […]

What President Tinubu Must Do to Succeed in Office – Primate Ayodele’s Advice

Primate Elijah Ayodele, the leader of the INRI Evangelical Spiritual Church, recently offered President Bola Tinubu some critical advice on how to survive and succeed during his time in office. According to Ayodele, Tinubu must focus on reducing the high cost of living in the country. He specifically mentioned that Tinubu should lower food prices, […]

Don’t Reverse Current Reforms, World Bank Tells FG

The World Bank has advised the federal government not to reverse the ongoing economic reforms. According to the World Bank, rolling back these changes could lead to negative consequences for Nigeria’s economy. One of the key reforms, the removal of fuel subsidies, along with the end of multiple exchange rate systems, were policies introduced by […]

We Are Not to Blame for the Current Situation: Oluremi Tinubu Emphasizes Hard Work

Senator Oluremi Tinubu, Nigeria’s First Lady, recently came to the defense of her husband, President Bola Tinubu, amidst growing criticism over the country’s economic challenges. This backlash follows the government’s removal of the fuel subsidy, a move that has significantly impacted fuel prices and, consequently, the cost of living for many Nigerians. The price of […]

Petrol Prices Rise to ₦1,350 Per Litre in Osun State: Impact on Motorists and the Economy

Petrol prices in Osun State have sharply increased, with reports indicating that consumers are now paying between ₦1,350 and ₦1,400 per litre at various petrol stations. This significant price hike follows a decision by the Nigerian National Petroleum Company Limited (NNPC) to raise prices on Wednesday, leading to immediate adjustments at filling stations across the […]

Nigeria at 64: Government to Hold Simple Celebration Amid Youth Protests Against Hunger

As Nigeria approaches its 64th Independence Day on October 1, 2024, the Federal Government has announced that this year’s celebration will be a low-key affair. This decision comes in light of the ongoing economic crisis that has left many Nigerians struggling to afford basic necessities. The announcement, made by the Secretary to the Government of […]

House of Reps Minority Caucus Opposes Fuel Price Hike, Demands Reversal

The Minority Caucus of Nigeria’s House of Representatives has taken a firm stance against the recent increase in fuel prices announced by the Nigerian National Petroleum Company Limited (NNPCL). This move has been strongly criticized by the caucus, which is calling on the Federal Government to immediately reverse the price hike. According to the caucus, […]