FG suspends fuel subsidy removal

The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents shortly after the valedictory Council meeting presided over by Vice President Yemi Osinbajo at the Council Chambers of the…
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Fuel subsidy, oil theft swallowed up N29tn, FG said.

The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from 2009 to 2020. It disclosed this in Abuja through the Nigeria…

Ghana removes fuel subsidy

The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy  is part of the country’s implemented regulatory measures to ensure stability across its downstream sector. The Chief Executive Officer of NPA…