“Fuel subsidy benefits the cabal more than the poor” – Sanusi Lamido Sanusi

The fuel subsidy on Nigerian petroleum benefits the cabal more than it benefits the poor, said Nigeria’s Central Bank Governor, Mr. Sanusi Lamido Sanusi during an interview on Channels TV this morning. According to the Central Bank Governor, this time provides a good opportunity for the Nigerian government to execute well on a well thought […]

Fuel subsidy removal in Nigeria: Shortage of smuggled petrol called “Kpayo” in Benin

By Ablawa BOKO in Cotonou and Ayodele SAMUEL in Lagos The price of gasoline adulterated commonly called “kpayo” tripled in Republic of Benin following price increase in neighboring Nigeria. The kpayo (the fuel sold in informal sector brought from Nigeria to Benin) sold usually between 250 and 300 francs (Cfa) per liter, increased to 400 francs on Saturday. Since then, the price of gasoline […]

Fuel subsidy: How to Retain Subsidy Without Corruption [Opinion]

By Ayo Abiola That subsidy is a result of acute leadership failure is not in doubt.  That subsidy helps keep imported petrol prices low is not in question.  That subsidy payment is an avenue for the blood-sucking cabals to steal the nation’s wealth is not a secret. Central Bank of Nigeria’s Governor, Lamido Sanusi has […]

Fuel Subsidy Removal: Time for The Omolankes, Bicycles, Camels, Et cetera [Opinion]

By Abiola Olaifa At the beginning of the 20th century a remarkable breakthrough took place, when the carriage gave up the horse and new power system emerged with the carriage and freed the horse from the burden. After this revolution, there has been tremendous improvement to the way we transport ourselves and goods all around […]

Beyond the Fuel Subsidy: Conversations the Government and the NLC should be having

By Ayodeji Jeremiah (1) Despite strong economic growths in the past 5 years, our government is broke because there is extreme wastage on recurrent expenditure. Our government is too big and extremely expensive to maintain. Our National Assembly consumes a huge amount of our budget. The president, governors and local government chairmen and their assistants […]

Fuel subsidy removal: Jonathan launches first phase of mass transit scheme with 110 buses

Abuja, Jan. 9, 2012 (NAN) President Goodluck Jonathan has launched the first phase of mass transit support scheme involving 110 buses, in fulfillment of his promise on palliatives for the fuel subsidy removal. In his remarks during the launching in Abuja on Sunday, Jonathan said besides ameliorating the suffering of commuters, the scheme would help […]