Fuel subsidy removal: Increase in fuel price by April 1? No says PPPRA official

Contrary to recent speculations, there will be no increase in fuel price by April 1st, a PPPRA official recently disclosed to the News Agency of Nigeria (NAN) this past Friday. I can tell you categorically that there is no plan by the Federal Government to increase the price of fuel on April 1 or any […]

Fuel subsidy: FG directs EFCC to probe fuel subsidy disbursement

 (NAN) The Federal Government has formally written to the EFCC to begin immediate probe of all payments made in respect of fuel subsidy and to check amount paid against actual importation of petroleum products. The letter made available to newsmen on Sunday in Abuja was dated Jan. 12 and addressed to the EFCC Acting Chairman, […]

Fuel subsidy: Labour suspends street protests, rallies; urges workers to sit at home

(NAN) The organised labour movement on Monday suspended its nationwide protests and urged workers to embark on a sit-at-home strike. Comrade Abdulwaheed Omar, President of the Nigeria Labour Congress (NLC), told newsmen in Abuja, after an extensive meeting of labour leaders, that the decision was taken due to serious concerns about national security. “We came to […]

President Jonathan’s Speech/Address Announcing the New Fuel Price of N97/liter

Dear Compatriots, 1. This is the second time in two weeks I will address you on the deregulation of the downstream petroleum sector. In the last seven days, the nation has witnessed a disruption of economic activities. Although, the economic imperatives for the policy have been well articulated by government, the Nigerian Labour Congress (NLC) […]

Compromise on fuel subsidy removal, FG tells labour; says labour is inflexible and unwilling to negotiate

(NAN) The Federal Government has appealed to organised labour to be patriotic and make compromises in the ongoing negotiation over the deregulation of the downstream sector of the oil industry. Making the appeal on a television programme in Abuja, the Minister of Information, Mr. Labaran Maku, said, “leadership is about responsibility and willingness to make […]