Fuel Subsidy: NEC sets up committee to work out modalities for palliatives Following the removal of fuel Subsidy, the National Economic Council (NEC) has made moves to provide palliatives for workers and vulnerable groups in the country to curtail the impact. The Council at its inaugural meeting in Abuja[Read More…]
President Bola Ahmed Tinubu has announced that the regime of fuel subsidy is gone. Tinubu made the pronouncement during his inauguration speech at the Eagle Square today. He said that based on the budget he has seen, there is no provision for subsidy. He said the money expended on subsidy[Read More…]
The National Economic Council (NEC) on Thursday suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration to allow consultation with Tinubu. It however said all preparatory plans with various segment of government, including States and the incoming administration should be intensified. Minister[Read More…]
