Amina El Refai
The World Trade Organisation (WTO) defines a subsidy as arising “any time a government programme benefits private actors”. A subsidy can be direct or indirect help from the government. 1,083 more words
DESPITE assurances from the Nigerian National Petroleum Corporation (NNPC) that the current fuel scarcity would not tarry, the scarcity bit harder yesterday as consumers of Premium Motor Spirit (PMS) popularly known as petrol bought the product at exorbitant rates in parts of the country amid long queues at the few dispensing stations that opened for business. 390 more words
Regulatory Agency (PPPRA) said Federal Government would be collecting N8 per litre as subsidy on petrol imported by NNPC and other marketers. Alhaji Farouk Ahmed, outgoing Executive Secretary of the Agency, announced this while handing over to Mr Moses Mbaba, General Manager Administration, and Human Resources, last week in Abuja. 483 more words
In the last few years, fuel subsidies have been a polarizing issue in Nigeria. Put in place as a people-oriented policy to help reduce the price of fuel for Nigerians, the subsidies have become a oft-debated policy as it has burned deep holes in the government’s pockets. 486 more words
With crude oil prices under $50 per barrel this is an historic opportunity for Saudi Arabia and other countries to eliminate energy subsidies.
Low crude oil prices are making the impossible possible. 881 more words