The World Bank has tasked the administration of President Bola Tinubu to rebuild Nigeria’s fiscal space, following the removal of petrol subsidy and the unification of the Foreign Exchange (FX)rates. The bank’s position was contained in its latest Nigeria Development Update (NDU), released, yesterday. Specifically, the organization said that the president should seize the window […]
The Federal Government and the leadership of the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) will resume talks on petrol subsidy removal palliatives today, Monday, June 19, 2023. After the removal of fuel subsidies, both parties are expected to address and harmonize the requests made by the labor unions. Following that, the […]
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has backed President Bola Tinubu’s decision to stop the subsidy on petrol products. In his inaugural address on May 29, Tinubu stated that “subsidy can no longer justify its ever-increasing costs in the wake of drying resources.” The President promised to use the funds to help Nigerians […]
32FM 94.9