President Bola Tinubu has approved the establishment of Infrastructure Support Fund (ISF) for states as part of measures to cushion the effects of the petrol subsidy removal on the Nigerians.
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ASHENEWS reports that the Peoples Democratic Party (PDP) has chided the All Progressives Congress-led Federal Government over the recent hike in the pump price of petrol from N534 to N617 per litre.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the hike in the price of products due to abrupt removal of subsidy was threatening the survival of their businesses.
The members voted against the motion on Wednesday after the Deputy Speaker, Benjamin Kalu who presided over plenary, questioned if it was in the place of the House to take such a position since pump price is controlled by the market forces.
The Colleges of Education Academic Staff Union (COEASU) has directed its members nationwide to go to work two days weekly until the Federal Government yields to its demand for a 200 percent increase in salary.
ASHENEWS reports that the Nigeria Union of Journalists (NUJ), has said that it is an over-kill for the Nigeria National Petroleum Company (NNPCL) to suddenly increase the pump price of Premium Motor Spirit (PMS), commonly known as petrol.
According to Rafsanjani, “The government is clearly insensitive to the plight of the growing number of Nigerians slipping into poverty daily as a result of its harsh policy directions. It has so far demonstrated a lack of interest in people-centred programs that could help reduce poverty, economic inequality and economic suffering.
The Nigerian National Petroleum Company L.td., has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities.
The price of Petrol at filling stations in Abuja has increased to N617 per liter, Daily Trust has reported.
Nigeria’s Senate has constituted an ad hoc committee to investigate the fuel subsidy regime of the Nigerian National Petroleum Company Limited (NNPCL).