Tag: Fuel Subsidy
FG Vows Action as Independent Marketers Defy Government, Sell Fuel at N1,000/litre
Abuja, August 27, 2024 — The Federal Government has vowed to take decisive action against independent oil marketers selling petrol at exorbitant prices, with some stations reportedly charging between N900 and N1,000 per litre. This defies the Nigerian National Petroleum Company (NNPC)’s efforts to maintain pump prices within the range of N568 to N617 per…
Aliko Dangote Reveals Challenges Faced in Establishing Refinery
Lagos, Nigeria — June 13, 2024 — Africa’s wealthiest man, Aliko Dangote, has shed light on the formidable challenges he faced from powerful interests while establishing his $20 billion Dangote Refinery. Speaking candidly, Dangote compared the opposition from the oil sector to the notorious influence of drug cartels. “I didn’t know that the mafia in…
Federal Government Plans New Audit of N2.8tn Fuel Subsidy Request
The Federal Government is gearing up to launch a fresh audit into the N2.8 trillion fuel subsidy request submitted by the Nigerian National Petroleum Company Limited (NNPC). This move comes in the wake of an initial audit conducted by the auditing firm KPMG, which led to a significant reduction in the subsidy claims from an…
Vice President Shettima Assumes Responsibility Amidst Economic Challenges
Vice President Kashim Shettima has firmly stated that the current administration will not shift blame to the previous government led by former President Muhammadu Buhari for the hurdles it encountered upon taking office. Addressing attendees at the second Chronicle Roundtable organized by the 21st Century Chronicle, Vice President Shettima acknowledged the intricate complexities of governance…