Tag: fuel subsidy
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FG Postpones Fuel Subsidy Removal till Further Notice
The Minister of Finance, Budget and Economic Planning, Hajia Zainab Ahmed, said in Abuja on Monday that the Federal Government had postponed the planned removal of subsidy on petroleum products till further notice. Ahmed stated this at a meeting held at the National Assembly. The meeting was convened at the instance of the President of…
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Group commends FG over removal of fuel subsidy
Abuja, Sept 8, 2020 An Abuja-based NGO, Initiative for Leadership Development and Change (ILDC) has commended the federal government for removing fuel subsidy to allow market forces determine the price of pump price so that the economy would flourish. Chief Ugichukwu Nnam, National Coordinator of the group who made the commendation, in an interview with…
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IPMAN, others back removal of fuel subsidy
Some stakeholders in the petroleum sector on Tuesday said removing subsidy on fuel would benefit the nation’s economy in the long run. The stakeholders told Our Correspondent in separate interviews in Lagos that the crash in the price of crude oil in the international market had provided the government the opportunity to stop subsidising the…