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All posts tagged "subsidy"

  • Constituency projects’ll be implemented with SURE-P model – FG

    The Federal Government on Tuesday in Abuja stated that lawmakers’ constituency projects as enshrined in the 2013 budget would be implemented in accordance with the model of the Dr. Christopher Kolade-led Subsidy Reinvestment and Empowerment Programme. Under...

    • Posted September 5, 2013
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  • 52% Nigerians still buy petrol above N97/L – NOI Poll

    Despite the huge subsidy and petroleum equalisation paid by the Federal Government to enable Nigerians buy petrol at regulated price of N97/litre, the reality is that more than half of Nigerians still buy the product above the...

    • Posted July 17, 2013
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  • Subsidy fraud: How we got Arisekola’s son, others –EFCC

    The Economic and Financial Crimes Commission (EFCC), yesterday told a Lagos High Court sitting in Ikeja how the N1.1 billion subsidy fraud committed by Abdullahi, son of Aare Musulumi of Yorubaland, Alhaji Abdul-Azeez Arisekola-Alao and his company...

    • Posted May 15, 2013
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  • SURE-P: FG to employ 17,000 youths for road maintenance

    The Federal Roads Maintenance Agency, FERMA, is to engage the services of 17,000 youth under the Subsidy Re-Investment Empowerment Programme, SURE-P. The youth, who will be indigenes of the various communities located close to the 17,000 kilometers...

    • Posted May 14, 2013
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  • FG recovered N26bn from subsidy cabal – Okonjo-Iweala

    The Federal Government yesterday said it has so far recovered about N26 billion from the petroleum subsidy cabal which defrauded government of about N232billion last year. Co-ordinating Minister for the Economy and Minister of Finance,  Ngozi Okonjo-Iweala...

    • Posted February 22, 2013
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  • Fuel Subsidy Scam: Court orders IG, others to pay Ubah N10million

    The Federal High Court in Lagos has awarded N10 million in favour of Capital Oil & Gas and its Chief Executive Officer, Mr Ifeanyi Ubah. The sum was awarded as damages against the Inspector General Of Police,...

    • Posted February 18, 2013
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  • N1.3b subsidy scam: EFCC’s negotiation with marketers breaks down

    The attempt by two marketers, Aro Sunday Bamidele and Abiodun Kayode Bankole, to negotiate with the Economic and Financial Crimes Commission (EFCC) over the N1.3 billion subsidy fraud preferred against them has failed. Both marketers are standing...

    • Posted January 29, 2013
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  • Government Yet to Reverse Decision on Fuel Subsidy, Orders 1600 Mass Transit Buses to “Cushion Effects”

      The emergency meeting of the Federal Executive Council held earlier today ended with one thing for certain. The government has not yet decided to reverse its decision on the Fuel Subsidy withdrawal.   Despite overwhelming mass...

    • Posted January 4, 2012
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  • The Real Cost Of Nigeria Petrol vs. The Fraud Called Subsidy

    Our guest author Dr. Izielen Agbon Izielen Agbon writes from Dallas, Texas. He is  former HOD , Petroleum Eng Dept, former ASUU chairman University of Ibadan, trained many operators in nation’s energy industry with practical experience on...

    • Posted December 19, 2011
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