The removal of fuel subsidy was the last thing many Nigerians anticipated to hear during President Bola Tinubu's inaugural speech on May 29, 2023. It was
The removal of fuel subsidy was the last thing many Nigerians anticipated to hear during President Bola Tinubu’s inaugural speech on May 29, 2023. It was an unpleasant awakening.
While Nigerians are struggling to exactly understand what their economic tide will swing to, the Federal government emphasises that its present action in removing the subsidy will impact positively on the lives of the people. The resources which would have enriched a few people will be ploughed back into infrastructural projects, public healthcare, funding of the educational sector and other public services.
The country has recorded the highest inflation rates. While these harsh economic realities will, no doubt, become part of people’s lives, the key words on the lips of many Nigerians are survival and adaptation. The Edo State government last week announced the reduction of official working days for civil servants from five to three days a week.
In addition to the reduction of the official working days for civil servants, Governor AbdulRazaq has also approved the deployment of government buses to support movement of students and workers in public tertiary institutions within the Ilorin metropolis and its environs. It is the second phase of the measures being put in place by the Kwara State government to cushion the effects of high energy implications on the people.
About 10 months ago, in Borno state, a young University dropout, Mustapha Gajibo successfully manufactured electric vehicles to the admiration of former governor Zulum who donated 5 mini-buses and some financial aid to him. With this feat, Gajibo became the first to produce such vehicles in Nigeria and Africa. Leadership Newspaper reported that the young entrepreneur who started this venture in 2017 also builds tricycles and generating sets, all made locally.
In the budget, the National Assembly got an allocation of N168 billion. Available data shows that the cost of running the government will take a large chunk of the N10.4 trillion revenue of the federal government for the year 2023.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Subsidy Removal: Abdulsalami Urges Nigerians To Support TinubuFormer Military Head of State, General Abdulsalami Abubakar, on Thursday called on Nigerians to support President Bola Tinubu in his effort to relieve Nigeria
Read more »
Living Conditions Now Tough For Benin Republic Citizens Over Fuel Subsidy Removal In Nigeria | Sahara Reporters
Read more »
'The markets are happy' – Sanusi hails Tinubu on petrol subsidy removal, currency float | TheCableMuhammad Sanusi II, a former Emir of Kano, has commended President Bola Tinubu on the removal of petrol subsidy and ending multiple exchange rate regimes. Sanusi, a former governor of
Read more »
Fuel subsidy removal: Niger to offer free transportation for public school pupilsThe Niger State Government has announced plans to provide free transportation for pupils in public schools in the state in its efforts to increase
Read more »
Fuel Subsidy: NEC considers N702 Billion allowance for workersPresident Bola Tinubu, at his inaugural address at Eagle Square, Abuja, declared that there would no longer be a petroleum subsidy regime as it was not sustainable.
Read more »
Subsidy removal: Niger offers free transport services to public schoolsThe free transportation for the children at the basic level of education will encourage pupils to go to school
Read more »