Archives Tag: fuel subsidy
How Businesses Can Cope with the Effects of Fuel Subsidy Removal
April 19, 2022
The removal of the fuel subsidy can have significant implications for businesses, leading to increased economic and operational costs. In many countries, including Nigeria, the removal of fuel subsidies often results in higher fuel prices, which can affect transportation costs, raw material expenses, and overall business operations. However, with careful planning and strategic measures, … Continue reading How Businesses Can Cope with the Effects of Fuel Subsidy Removal
Here Are the Top 5 Most Fuel-Efficient Cars in Nigeria
April 19, 2022
The recent hike in fuel prices in Nigeria has made it more important than ever to choose a fuel-efficient car. With fuel prices expected to remain high in the near future, it is a wise move to invest in a car that will save you money on fuel costs. There are a number of … Continue reading Here Are the Top 5 Most Fuel-Efficient Cars in Nigeria
Tinubu’s Unified Exchange Rate, Fuel Subsidy Removal: Implications
April 19, 2022
In a surprise move, President Tinubu announced that he would remove fuel subsidies and unify the exchange rate. This is a major policy shift that has a significant impact on the Nigerian economy. The removal of fuel subsidies which took effect after he was sworn in led to an increase in the price of … Continue reading Tinubu’s Unified Exchange Rate, Fuel Subsidy Removal: Implications
How to Reduce Your Generator’s Fuel Consumption
April 19, 2022
If you own a power-generating set, you’ve probably thought about ways to reduce its fuel consumption rate at least a few times. Even in the best of seasons, this machine can gulp considerable amounts of petrol or diesel, thus taking up a significant portion of your energy budget. But now that the price of … Continue reading How to Reduce Your Generator’s Fuel Consumption
Fact Check: Has Petrol Subsidy Really Been Removed?
April 19, 2022
Nigeria was thrown into a mild fit on Wednesday, September 2, when the Federal Government announced that the price of Premium Motor Spirit (PMS), popularly known as petrol, was increased from N145 to N151.56 per litre with effect from September 2, 2020. Background: This development was communicated in an internal memo released by the Pipeline and Product Marketing … Continue reading Fact Check: Has Petrol Subsidy Really Been Removed?
By adedoyin
ThrowBack Thursday: When #OccupyNaija Revived the National Spirit
April 19, 2022
Following the declaration announcing the removal of fuel subsidy on January 1st 2012, Nigerians took to the streets as immediately as January 2nd protesting the sudden fuel price hike which they deemed unreasonable. The people could not fathom how corruption and the expenses of government officials will be so high while the citizens continue to … Continue reading ThrowBack Thursday: When #OccupyNaija Revived the National Spirit
By adedoyin
The Removal of Nigeria’s Fuel Subsidy and Its Ripple Effects
April 19, 2022
Yesterday’s announcement by the Federal Government on the removal of the long-standing fuel subsidy has triggered a deluge of reactions from Nigerians. And they have come in diverse forms and hues- from people who have clapped excitedly at what they term a long overdue policy change, to those who fiercely argue against it. The representatives … Continue reading The Removal of Nigeria’s Fuel Subsidy and Its Ripple Effects
Buhari Demands Approval of 413bn Subsidy Claims
April 19, 2022
President Muhammadu Buhari has requested for the payment approval of fuel marketers’ N413 billion claims from the National Assembly, cites The Nation. This is deemed to be the solution to the ongoing fuel scarcity issue in Nigerian cities. According to a source from the Presidency, the appropriated sum of N140 billion for subsidy payment from the current … Continue reading Buhari Demands Approval of 413bn Subsidy Claims
By ify
Fuel Subsidy Removal Impact Survey
April 19, 2022
Last month, Connectnigeria.com reported on the release of Jobberman’s first Salary Survey Results. Now another survey by Jobberman is on: the Fuel Subsidy Removal Impact Survey. Earlier this year, in January, hundreds of thousands of Nigerians across different states marched in protest against the Federal Government’s removal of fuel subsidy which increased the price of a … Continue reading Fuel Subsidy Removal Impact Survey
