Decree 33 of 1977 saw to the birth of the Nigeria National Petroleum Corporation (NNPC) on April 1 of that year through the merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel. The main purpose was for it to add value to the nation’s hydrocarbon resources “for the benefit of the nation’s economy…”
Browsing: Fuel subsidy removal
A former Senior Special Assistant to the ex-President Muhammadu Buhari, has revealed the reason why the former Nigerian leader did not remove the petrol subsidy and unify the country’s foreign exchange rates.
A Coalition of Civil Society Organisations (CSOs) on Sunday decried their alleged exclusion by the Nigeria Labour Congress (NLC) in the ongoing fuel subsidy negotiation with the Federal Government.
According to his Special Adviser on Special Duties, Communication, and Strategy, Dele Alake, the president made the comments during a meeting with Nigerians residing in France on Friday.
ASHENEWS reports that the Niger State governor, Mohammed Umaru Bago has announced free transportation for students of public primary schools in the state.
The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Wednesday in Abuja pledged its support for Federal Government’s removal of fuel subsidy.
Bolts drivers in Calabar have announced a three-day nationwide withdrawal of their services to demand an upward adjustment in both their bonus and fare.
The National Social Protection Forum (NSPF), a coalition of Civil Society Organisations (CSOs), and Partners in Nigeria, have called for the resuscitation of existing refineries and provision of effective mass transit system to cushion the effect of fuel subsidy removal on Nigerians.
The Nigeria Young Farmers Network (NYFN) has advised the Federal Government to divert large percentage of funds saved from fuel subsidy withdrawal to National Agricultural Development Fund (NADF).
The Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON) has expressed concerns over the ripple effect of the new fuel price on its members.