Fuel price caused by foreign exchange not subsidy removal – VP. Osinbajo

Vice President Yemi Osinbajo yesterday alleged “many misconceptions” about the new petrol price of N145 per litre, stressing that the new regime has nothing to do with subsidy removal. The new price came into effect on Wednesday from the former N86.50, The Nation report. Osinbajo, is a statement titled ‘The Fuel Pricing Debate: Our Story’ and […]

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FG removes kerosene subsidy

FEDERAL Government has officially ended the payment of subsidy on kerosene. Instead of the regulated pump price of N50 per litre, the product will now sell for N83, according to the latest pricing template for House Hold Kerosene released by the Petroleum Products Pricing Regulatory Agency. The PPPRA is the agency of the Federal Government […]

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Removal of subsidy will save Govt. N985bn – Osinbajo

VICE President Yemi Osinbajo has said the Federal Government, which relies on crude oil for about two-thirds of its revenue, is seeing a silver lining to the plunge in crude prices because it will no longer have to subsidise fuel. “Lower oil prices also mean there is some advantage,” Osinbajo said in a panel discussion […]

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