Page 29 - Appropriation Act News Today

The issue of fuel subsidy removal is again on the front burner as the current administration insists that the provision for subsidy will end in  June.

(AFRICAN EXAMINER) - The Federal Government has secured $800 million from the World Bank to provide post-petroleum subsidy palliatives for over 50 million Nigerians ahead of June 2023. Addressing State House Corespondents after the weekly Federal Executive Council (FEC) meeting on Wednesday at the Presidential Villa, Minister of Finance, Budget and National Planning, Zainab Ahmed,

She said “The secondary question on exit of fuel subsidy, this is a commitment in the Petroleum Industry Bill. There’s a provision that says that 18 months

Ahmed explained that wide-ranging negotiations were underway to deploy non-cash palliatives such as “mass transit” system for workers’ daily commute.

..Palliatives to cover 50m Nigerians By Johnbosco Agbakwuru ABUJA-The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said yesterday that the Federal Government has secured…

Key highlights: The ICT component contract was awarded N10.9 billion. Another contract that was approved by the National Population Commission

The Federal Government has secured a loan of N368 billion from the World Bank. Starting in June 2023, 50 million eligible Nigerians will receive a credit alert.

The Nigerian government has secured $800 million, equivalent to N368,288,000,000 from the World Bank under the National Social Investment Programme as part of palliative measures to mitigate the negative effects of the planned removal of the petroleum subsidy by June 2023.   Hajiya Zainab Ahmed, Minister of Finance, Budget, and National Planning, made the announcement Wednesday while fielding questions from State House reporters following the Federal Executive Council (FEC) meeting at the Presi...

The Federal Government has secured a $800 million World Bank facility for fuel subsidy removal palliative.

FG secured an $800 million facility from the World Bank to provide palliatives for vulnerable Nigerians as it prepares to remove fuel subsidies by June 2023. | Pulse Nigeria