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Fuel Pump Price Hits N1,200 Record High Despite Renewed Hope Budget
Earlier today, it was reported that a liter of petrol has reached its highest since independence, settling at N1,200 per liter. The increase can be attributed to the removal of fuel subsidy by Preside...
NERC Reveals on Sunday That the Federal Government Spent N375 Billion on Subsidizing Electricity For Nine Months
On Sunday, it was disclosed by the NERC that the Federal Government had spent a total of N375.8 billion on electricity subsidy between January and September this year. It also reveals that electricity...
The N30,000 Minimum Wage Should Will End by March 2024 - FG
The federal government of Nigeria recently announced that a revised minimum wage will be implemented, which will kick off on April 1, 2024.The Minister of Information and National Orientation, Idris M...
Federal Government of Nigeria Recovers N1.45 Trillion From the Removal of Fuel Subsidy in 4 Months
Ever since President Bola Tinubu's inaugural speech on May 29th, 2023, where he said that “subsidy is gone”, the rise in the price of petrol has led to a hike in transportation fares and even the ...
What Is the Meaning of Fuel Subsidy?
A fuel subsidy is known to be a financial assistance that is provided by the government to reduce the cost of fuel for consumers in a certain region. It’s done to keep fuel prices lower and make it ...