By Agency Report The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday said the country’s daily consumption of petrol has drastically reduced following the removal of subsidy by the Federal Government. The daily consumption figure now stands at 46.38 million liters, down from 65 million liters per day before the cut in subsidy.
By Patrick Obia, Mary Bassey, Sylvia Akpan, Veronica Utsu, Wisdom Okon, and Winnard Able In a major policy announcement during President Bola Tinubu’s May 29th inauguration, the government said there will be a removal of fuel subsidy. The subsidy, which has been in place for decades, has been a major drain on the country’s finances.
By Jonathan Ugbal The strike action proposed by the Nigeria Labor Congress, NLC and Trade Union Congress, TUC over the removal of subsidy on Premium Motor Spirit, PMS, popularly known as fuel, has been called off following engagements of both labor centers and the Federal Government. Dozens of National Unions yesterday voted to join the
By Bakare Majeed, Premium Times Nigeria President Bola Tinubu has declared that there would no longer be a petroleum subsidy regime as the current 2023 budget he glimpsed does not contain it. He stated this on Monday in his inaugural address at the Eagle Square, Abuja. The current 2023 budget has provision for the fuel
TOPIC Queuing For Money, Fuel, And PVC: Reality And Way Forward. INTRODUCTION There are only 20 days left to the Presidential and National Assembly polls slated for Saturday, February 25, 2023. It is expected that the candidates of the various political parties will be on the final leg of their campaigns. However, conversations have centered
By Patrick Obia At least not less than two soldiers of the Nigerian Army are closely watching as residents of Okomita and Uyanga Communities in Akamkpa Local Government Area of Cross River State, muscle to scoop Premium Motor Spirit (PMS) better known as fuel from a fallen tanker. The yet-to-be-identified company tanker fell just by
By Patience Bassey, Blessing Isong And Ichinang Ola Long queues are currently greeting fuelling stations in Calabar over the increasing scarcity of Premium Motor Spirit (PMS) better known as fuel. CrossRiverWatch correspondents visited most of the petrol stations in the metropolis with long queues of vehicles and those buying in containers spilling onto major roads
By Patrick Obia A Fallen fuel tanker has left road users stranded at Odukpani few meters away from the junction. The tanker with unidentified company name fell across the road bringing movement to a stand still. Effort to evaluate the vehicle by men of Federal Road Safety Corps (FRSC) proved futile. Meanwhile, youths with different