• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 24, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Fuel subsidy removal unfavourable

Fuel

The Matters Press by The Matters Press
May 30, 2023
Reading Time: 1 min read
0
July petrol pump price ranges between N140.80 and N143.80

A section of analysts in Ebonyi have are worried over the subsidy removal from Premium Motor Spirit (PMS) and its effects.

RELATED POSTS

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

‎IMPI revises inflation rate projection to 14% from 17% for December

CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

Mr James Agu, a Political Analyst, said that the adverse effect of the removal would impact negatively on citizens and all sectors of the economy.

Agu stated that the development would impact negatively and spark a rise in transportation fares, rents, school fees, cost of food items and transportation of food items from farm lands to markets, if not properly addressed.

He added that the development would also frustrate access to medical care, among others.

According to him, the new President, Sen. Bola Tinubu, would have waited for the Dangote Petroleum Chemical Refineries (DPCR) to start operation before the decision to remove subsidy.

Another political analyst, Mr Sylvester Ade, appealed to the President to ensure that refineries in the country were fully in operation.

“Government should ensure that refineries in Nigeria are working in full capacity alongside the newly-commissioned DPCR.

“If these refineries are working, crude oil will be locally refined, sold to the country and exported as well.

“Our refineries, when in operation, will also fetch us enough foreign exchange,” Ade said.

Mr Kenneth Ngbada, a resident, called on the government to make provision for public mass transits nationwide.

Ngbada said that initiative should be concentrated both in urban and rural areas, where markets are situated, to cushion the effect of transporting the populace.

“There should be regular power supply as well, to enable manufacturers produce more in their respective endeavours,” Ngbada said.

Mrs Pauline Oketa, a resident, advised the government to come out with a policy statement that would stop panic buying and arbitrary hoarding of the products which marketers introduced after the announcement of the subsidy removal.

Tags: Fuel
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

October 22, 2025
NBS reports increase in Inflation
Economy/Technology

‎IMPI revises inflation rate projection to 14% from 17% for December

October 22, 2025
CSOs give  thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria
Agriculture

CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

October 22, 2025
Standing With the Bello Family – Justice Must Never Be Cheapened
Energy

Standing With the Bello Family – Justice Must Never Be Cheapened

October 17, 2025
You led with distinction, CG of Customs, hails former boss,  Mohammed at 80
Economy/Technology

You led with distinction, CG of Customs, hails former boss, Mohammed at 80

October 10, 2025
Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Next Post
Stable petrol supply excites Buhari

MOMAN, DAPPMAN endorse subsidy removal

Nigeria has not taken decision yet on fuel subsidy

Reps hail fuel subsidy removal, appeal for calm

Recommended Stories

Commission plans to liberate 38% illiterate Nigerians

Nigeria targets 2m jobs in creative economy by 2027

February 22, 2024
Drop your frustration, let President Tinubu be, Group picks on Atiku

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
Nigeria’s food monthly imports dip

Commendations herald retention of MPR at 11.5%

May 27, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria
  • ‎IMPI revises inflation rate projection to 14% from 17% for December
  • CSOs give thumps-up to Tinubu’s ONSA-NCTC, back Trump aide’s dismissal of Christian genocide in Nigeria

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us