All posts tagged "fuel subsidy"

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  Oil marketers read Riot Act to FG over Subsidy Debts, Fuel Scarcity Looms

  Oil marketers in the country have refused to embrace their Q3 import allocation quotas due to the failure of the Federal Government to remit N 200 billion in subsidy claims owed them. The Coordinating Minister of the...

  • Posted June 29, 2012
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  Remove Subsidy Now – NNPC tells Jonathan

  The Nigerian National Petroleum Corporation (NNPC) has called on the President to remove the entire fuel subsidy in order to fully deregulate the petroleum industry in the country. The General Manager of the NNPC, Levi Ajuonuma told...

  • Posted May 29, 2012
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  SURE Programme still Operational – Reuben Abati

  Presidential spokesman Reuben Abati has released a strongly worded statement in order to clear the air on the purported truncation of the Subsidy Reinvestment and Empowerment (SURE) programme. Recent reports had alleged that the President had disclosed...

  • Posted February 28, 2012
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  Finance Minister takes Nigeria on European Roadshow, Says FG Committed to Removing Subsidies

  The Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo Iweala, began a two-day, non-deal roadshow to update European investors on the political and economic outlook of Nigeria. International investors, especially those with stake...

  • Posted February 17, 2012
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  Nigeria paid close to N 670 billion for smuggled fuel – Investigation

  The ad-hoc Committee investigating the Petroleum Subsidies saga continues to unravel one bombshell after the other. The lastest discovery is that Nigeria over-imported petrol on a daily basis to the tune of 24 million litres in 2011,...

  • Posted January 19, 2012
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  Oil Minister Alison-Madueke Issued the January 1st Fuel Subsidy Kill Order

  As the first two weeks of a very charged up year have elapsed, Nigerians are still angry over the government’s abrupt and insensitive decision to remove fuel subsidy. Recent revelations will see Nigerians focusing their anger on...

  • Posted January 14, 2012
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  SUBSIDY OR NO SUBSIDY (SEASON 2)

  And the drama goes on. Honestly, this show is as good as the best television series ever. Everyday something new happens and we simply do not know how it is all going to end. Starring Goodluck, Ngozi...

  • Posted January 13, 2012
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  International Fuel Trade “Mafias” Behind failure of Refineries – Femi Otedola

  According to leaked United States diplomatic cables, the fraud associated with the cabal that has brought Nigeria’s fuel subsidy system to its knees has been ongoing for close to a decade and has remained virtually unchecked. The...

  • Posted January 12, 2012
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  “Buses run on Diesel, Not Petrol” – Iweala’s Policy Gaffe

  The Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo Iweala, stated on Al-Jazeera on Sunday that the removal of fuel subsidy would not affect transport costs since “buses run on diesel”. This was a...

  • Posted January 10, 2012
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  House of Reps to Presidency: Reinstate Subsidy, Restore Nigeria to pre-New Year Normalcy

  The House of Representatives held an emergency plenary session yesterday (Sunday), cutting short its recess in order to weigh in on the fuel subsidy removal brouhaha causing civil unrest in the country. In a pro-people move, the...

  • Posted January 9, 2012
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