Fuel prices go up in Nigeria as new President removes subsidy - News Summed Up

Fuel prices go up in Nigeria as new President removes subsidy


Fuel prices go up in Nigeria as new President removes subsidyTuesday, May 30th, 2023 13:56 | By AgenciesNigeria’s President Bola Tinubu taking oath of office in Abuja on Monday, May 29, 2023. In the case of Niger state, fuel pump prices had increased to 210 -300 (Ksh62 - Ksh89) per litre. Buhari had budgeted for fuel subsidies till the end of June, which implies that most fuel products available are still enjoying the subsidies regime. Apply caution on fuel subsidy removal – NUPENG tell TinubuIn a statement, the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, urged Tinubu to apply caution in its decision on fuel subsidy removal. The President and the General Secretary Prince Williams Akporeha and Afolabi Olawale, respectively, said the new administration must take its time to end fuel subsidies.


Source: Daily Nation May 30, 2023 14:35 UTC



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