Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigerian Senate debates fuel subsidy removal

    Nigerian Senate debates fuel subsidy removal

    October 12, 2011
    Share
    Facebook Twitter LinkedIn WhatsApp

    12 October 2011, Sweetcrude, Abuja- The Nigerian Senate is expected to debate the crucial issue of management of the country’s fuel subsidy today.

    Nigeria’s Federal Government says it will withdraw subsidy on petroleum products by January next year but the plan has come under attack from organised labour.

    Chairman of the Senate Committee on Media, Information and Public Affairs, Enyinnaya Abaribe told journalists in Abuja yesterday that a motion calling for an investigation into the fuel subsidy management, sponsored by Senator Abubakar Saraki (Kwara Central) would be debated during today’s Senate session.

    The sponsor of the motion, last week, raised the issue on the floor of the Senate after it had been listed for about two weeks without being debated.

    In the motion co-sponsored by 14 other senators, the mover noted that the Federal Government operates a fuel subsidy scheme “with the policy purpose of making petroleum products available in order to cushion the effect of the true market prices of petroleum products on the populace.”

    He further averred that the need had arisen to make the scheme more transparent, corruption-free and competitive within an appropriate legislative frame-work.

    Related News

    Angola’s Block 17 partners sign license extension

    Tinubu pardons Ken Saro-Wiwa, confers national honours on Ogoni Nine

    NCDMB Executive Secretary becomes member of APPO Board

    E-book
    Resilience Exhibition

    Latest News

    “We Want Reparations”, oil-affected Niger Delta victims demand action

    June 13, 2025

    Transocean Coatings establishes affiliate at SIIFZ

    June 13, 2025

    LASG approves seven dedicated truck parks for Lekki Port axis

    June 13, 2025

    NCDMB Executive Secretary joins AEW 2025 amid focus on enhancing local capacity

    June 13, 2025

    AfDB to provide $184.1m for Africa’s largest solar energy and battery storage project

    June 13, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.