Fuel Scarcity Archives

Jul

18

2023

In Abuja, the cost of Petrol rises to N617 a litre.

Business, Economy, MetroBola Ahmed Tinubu, Fuel Scarcity, Metro, Nigeria, NNPC

According to OHAFIATV News, the cost of gasoline has increased to around N617 per litre. A trip to NNPC filling stations at Utako in Abuja and along the Kubwa highway proved that the price has been changed from N539 to N617 per litre. Elder Chinedu Okoronkwo, National President of the Independent Petroleum Association of Nigeria (IPMAN), verified the development in an interview with OHAFIATV News on Tuesday. He asserts that market forces will continue to cause fuel prices to change. "With the removal of fuel subsidies, that is the system we are in. Based on market forces and changes in…

Jul

16

2023

By Amos Oge Kalu

Why food security is impossible for Nigeria – Shehu Sani

Business, Economy, Metro, OpinionEconomy, Fuel Scarcity, Metro, Opinion, Shehu Sani

Socio-political analyst Shehu Sani has claimed that Nigeria cannot have food security while farmers are being murdered by terrorists. He bemoaned the fact that the country cannot have food security when criminals compel rural communities to pay levies. Shehu Sani In a tweet, Sani stated: "Food security cannot exist in a nation when farmers are murdered by terrorists and rural communities are compelled to pay bandit levies. The falsehood surrounding those rice pyramids and the folly of sealing the land borders were revealed by the proclamation of an emergency on food security. Remember how President Bola Tinubu declared a food…

Jun

28

2023

By Amos Oge Kalu

Subsidies Removal: World Bank estimates that more than 7 million Nigerians may fall into extreme poverty.

Economy, Lifestyle, Metro, News, OpinionEconomy, Fuel Scarcity, Lifestyle, Metro, Next Level, Nigeria

If the federal government doesn't offer temporary solutions after fuel subsidies are eliminated amid the current economic difficulties, at least 7.1 million Nigerians could fall into extreme poverty. This information was released by the World Bank on Tuesday in Abuja in the Nigeria Development Update for June 2023. President Bola Ahmed Tinubu implemented some economic policies upon taking office, including the elimination of fuel subsidies and the unification of the foreign exchange window, which increased the cost of transportation as well as the prices of goods and services. Insecure households will lose at least 5,700 in monthly income if no…

Jun

19

2023

By Amos Oge Kalu

Subsidy: NLC Resumes Talks With FG, Threatens Strike

Economy, Metro, PoliticsFuel Scarcity, Nigeria, NLC, Politics

The Nigerian Labour Congress (NLC) on Monday threatened to embark on a nationwide strike if the Federal Government fails to meet its demand for the fuel subsidy removal or engage in a meaningful dialogue with the leadership of the labor unions. New Telegraph reports that the organized labour union which comprises the NLC and Trade Union Congress (TUC) will on Monday, June 19, meet with President Bola Tinubu-led government to resume talks with the FG to find a resolution to the ongoing subsidy debate. The union stated that the high cost of fuel was inflicting unbearable hardship on Nigerians, adding that the government must…

Jun

05

2023

By Amos Oge Kalu

Court stops NLC, TUC from embarking on strike over Fuel Subsidy Removal

Business, Economy, Metro2023, Court, Economy, Fuel Scarcity, Metro, Next Level, Nigeria

The National Industrial Court, NIC, sitting in Abuja, on Monday, restrained the Nigerian Labour Congress, NLC, and the Trade Union Congress, TUC, from embarking on their planned strike to protest the unilateral removal of fuel subsidy by the Federal Government. The court, in a ruling that was delivered by Justice O. Y. Anuwe, barred the two organizations from proceeding with the strike action, pending the determination of a suit that was brought before it by FG. The court held that the interim order, as well as the substantive suit, should be immediately served on both the NLC and the TUC,…