No Plan to Remove Fuel Subsidy Now - Nigerian Govt
The Minister of Finance, Zainab Ahmed, says that the government will not remove the subsidy because there are no buffers to cushion the effects of such a move. Ahmed was speaking in reaction to the IMF's advice to the government to remove the fuel subsidy, which might have led to panic buying in the country. Fuel queues have appeared in many parts of Nigeria, including Osun State and Abuja.
(file photo).
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Nigeria:
Fuel Scarcity Hits Osun
Premium Times, 14 April 2019
Despite assurances of availability of petrol by the federal government, many petrol stations in Osun State were not selling the product, the News Agency of Nigeria (NAN) reports. Read more »
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Nigeria:
Govt Gives Conditions for Fuel Subsidy Removal
Vanguard, 14 April 2019
The federal government has given conditions for removal of subsidy on premium motor spirit (otherwise known as fuel) which includes provision of alternative cushioning measures… Read more »
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Nigeria:
Disregard Rumour of Fuel Scarcity, NNPC Tells Nigerians
Guardian, 13 April 2019
The Nigerian National Petroleum Corporation (NNPC) has described as false, trending social media report of an impending fuel scarcity due to purported refusal by some oil marketers… Read more »
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Nigeria:
No Plan to Remove Fuel Subsidy Now - Govt
Premium Times, 14 April 2019
The federal government has again clarified its stance on the removal of fuel subsidy, saying it had no plan to do so in the immediate future. Read more »
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Nigeria:
Govt Says No Plans to Remove Fuel Subsidy
Daily Trust, 15 April 2019
The Minister of Finance, Mrs. Zainab Shamsuna Ahmed has said the federal government will not remove subsidy at this moment because there are no buffers to cushion the effects. Read more »
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Nigeria:
Fuel Subsidy - Labour, Energy Experts Differ As Fuel Queues Return
Guardian, 14 April 2019
The Federal Government's tacit endorsement of the International Monetary Fund's (IMF) advice on fuel subsidy removal has already triggered far-reaching consequences, with most… Read more »
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Nigeria:
Govt to Look Into Gradual Removal of Fuel Subsidy, Says Finance Minister
Vanguard, 12 April 2019
The Minister of Finance, Mrs Zainab Ahmed says the Federal Government will look into gradual removal of fuel subsidy as part of strategy to boost revenue. Read more »
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Nigeria:
IMF Advises Nigeria, Others to End Fuel Subsidy
Premium Times, 11 April 2019
The International Monetary Fund (IMF) has advised Nigeria and other countries still subsidising fuel for domestic consumption to stop doing so. Read more »