The Nigerian Minister of State for Petroleum Resources Timipre Sylva has stated that the recent removal of fuel subsidy in the country was a painful but necessary decision. The governments decision to end the subsidy has caused a rise in fuel prices and sparked protests across the country. Sylva explained that the subsidy was no longer sustainable due to the economic impact of the COVID-19 pandemic and the need to redirect funds to more pressing sectors. He also assured Nigerians that the government is committed to providing alternative sources of energy and creating a more efficient and transparent fuel pricing system.
The Nigerian Minister of State for Petroleum Resources Timipre Sylva has stated that the recent removal of fuel subsidy in the country was a painful but necessary decision.
The governments decision to end the subsidy has caused a rise in fuel prices and sparked protests across the country.
Sylva explained that the subsidy was no longer sustainable due to the economic impact of the COVID-19 pandemic and the need to redirect funds to more pressing sectors.
He also assured Nigerians that the government is committed to providing alternative sources of energy and creating a more efficient and transparent fuel pricing system.
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The Nigerian Minister of State for Petroleum Resources Timipre Sylva has stated that the recent removal of fuel subsidy in the country was a painful but necessary decision. The governments decision to end the subsidy has caused a rise in fuel prices and sparked protests across the country. Sylva explained that the subsidy was no longer sustainable due to the economic impact of the COVID-19 pandemic and the need to redirect funds to more pressing sectors. He also assured Nigerians that the government is committed to providing alternative sources of energy and creating a more efficient and transparent fuel pricing system.
The Nigerian Minister of State for Petroleum Resources Timipre Sylva has stated that the recent removal of fuel subsidy in the country was a painful but necessary decision.
The governments decision to end the subsidy has caused a rise in fuel prices and sparked protests across the country.
Sylva explained that the subsidy was no longer sustainable due to the economic impact of the COVID-19 pandemic and the need to redirect funds to more pressing sectors.
He also assured Nigerians that the government is committed to providing alternative sources of energy and creating a more efficient and transparent fuel pricing system.
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FG to strengthen local content, industrial capacity in power sector
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Banking on true federalism to make Nigeria great again
BBNaija Season 10 to premiere with N150m grand prize
Access Holdings commits to long-term strategic expansion
Customs intercepts foreign currencies worth N30.8m at Seme border
MLSCN, WAPCMLS to advance innovative medical diagnosis
Edo govt secures N1.2b grant for Ambrose Alli varsity
PDP, NLC back Ogun workers’ indefinite strike