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Subsidy won’t go in Jan. – The Nation

By Vincent Ikuomola, Perth, Australia ⁠7 hours 46 minutes ago Committee of eminent Nigerians to manage cash “We are still in the discussions with labour and other stakeholders. Until that is finished, I don’t think it is right to give any definite date for the roll-out of the implementation of subsidy removal. We are still … Continue reading

Removing Fuel Subsidies: Clearing the Road to Sustainable Development – Global Subsidies Initiative

By Dr. Gerhard P. Metschies; Dr. Sascha Thielmann; and Armin Wagner Fuel prices, fuel taxation and subsidies for petrol and diesel fuel rank high on the world’s political agenda, particularly after the spectacular increases in world market prices for crude oil (up to USD 75 a barrel in August 2006) and the subsequent slide in … Continue reading

Sooner than later, we shall have to pay – Pini Jason

THE most dominant topic of discussion in the country at the moment is a very unpopular one—the removal of subsidy on petroleum products. It has expectedly divided the nation into two opposing viewpoints, those who support removal of subsidy and those opposed to it. Leading the opposition forces is the Nigeria Labour Congress. The state … Continue reading

Nigeria projected to become Africa’s biggest economy by 2018

BY PROVIDENCE OBUH (Vanguard News) Nigeria’s economy has been projected to be Africa’s biggest economy by 2018, overtaking South Africa in the process. Head of Research Africa, Standard Chartered Bank, Mrs Razia Khan, stated this at the Africa Summit organised by the bank in Lagos, with the theme, “Africa in the Super-Cycle”. In her words, … Continue reading

Nigeria Signs $1.5B Electricity Financing Deal With The US

sAN FRANCISCO, October 19, (THEWILL) – Nigeria and the US Export-Import Bank on Wednesday signed a deal that will enable Nigeria access an initial $1.5 billion in financing from the bank for investments in the country’s struggling power sector. A statement from the US Export-Import Bank made available to the AFP quoted the bank’s chairman, … Continue reading

FUEL SUBSIDY: TO REMOVE OR NOT TO REMOVE? THE 1.2 TRILLION NAIRA QUESTION

‘’The Federal Government which budgeted N240billion for fuel subsidy this year has spent more than N600 billion. It is believed that government would have spent N1.2 trillion by the end of the year. This is a colossal waste of money when we should be refining our products because we had refining capacities which were left … Continue reading

Plot to discredit Jonathan uncovered •How ministers will be made to fight Okonjo-Iweala •The Umaru Yar’Adua, 2015 angle – Nigerian Tribune

Plot to discredit the Jonathan administration has been uncovered with three separate influential groups said to be behind the agenda whose implementation is already underway. Findings by Sunday Tribune revealed that the plan is being financially backed by three groups, with each collaborating to ensure a discredited federal administration before the 2015 general elections. The … Continue reading

The N1.3 trillion fuel subsidy: Scam or Senate sophistry – Vanguard News

October 14, 2011 By Emmanuel Aziken, Political Editor THE chicken has come home to roost and so it seemed last Wednesday as the Senate debated a motion on the illegal utilisaiton of an alleged N1.3 trillion on fuel subsidy this year. How a monthly N20 billion budget to supposedly cushion the price of imported petrol … Continue reading

Jonathan insists on oil subsidy removal •FG plans palliatives •Seeks private sector support •Says presidential retreat moved to Abuja for safety of participants

Written by Leon Usigbe, Chris Agbambu and Okey Muogbo, Abuja, with Agency Report Friday, 14 October 2011 (Nigerian Tribune)   PRESIDENT Goodluck Jonathan on Thursday advanced reasons the Federal Government is intent on the removal of petroleum subsidy, noting that proceeds from it would go into the provision of critical infrastructure in the country, reiterating … Continue reading

OPS okays removal of fuel subsidy

BY DANIEL IDONOR (Vanguard News) KEY players in the Organised Private Sector, OPS, yesterday rose from a two-day Presidential Retreat with the National Economic Management Team, NEMT, dismissing the current subsidy on Petroleum Products by the Federal Government as “inefficient, corrupt and a waste of scarce national resources”. Consequently, they called for full deregulation of … Continue reading

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