Tag Archives: Subsidy

Nigeria: Mass Labour Action? Not Again!

April 4, 2013 by IndepthAfrica

The leadership of organised labour are at it again. After successfully pulling the wool over the faces of Nigerians, who sacrificed their convenience early last year to join the march to resist the federal government’s removal of fuel subsidy, only … read more »

Posted in Article, Nigeria, Op-ed, West Africa | Tagged , , , , , , , | Leave a comment

Nigeria: No Plan to Remove Oil Subsidy—-Presidency

March 28, 2013 by IndepthAfrica

The Presidency on Thursday said it had no plans to remove oil subsidy. Presidential spokesman, Dr Doyin Okupe, in a statement in Abuja, said despite President Goodluck Jonathan’s recent remark concerning subsidy, the administration, as a matter of policy, had … read more »

Posted in Nigeria, Press Releases, West Africa | Tagged , , , , , , , , , | Leave a comment

Press Release: Subsidy Payments – Nigeria Finance Ministry Releases N161 BILLION To CBN

January 9, 2013 by IndepthAfrica

FEDERAL MINISTRY OF FINANCE News Release. January 8, 2013 SUBSIDY PAYMENTS: FINANCE MINISTRY RELEASES N161 BILLION TO CBN The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala has refuted media reports which allege that the Federal … read more »

Posted in Nigeria, Press Releases, West Africa | Tagged , , , , , , , , , , | Leave a comment

Nigeria: Can anything good come out of President Jonathan?

December 20, 2012 by IndepthAfrica

By Paul Omoruyi There is always the proclivity to criticize and see all the wrong things going on around us in Nigeria. This is not unique to Nigeria and Nigerians. It is the human factor. As developed and advanced as … read more »

Posted in Article, Nigeria, West Africa | Tagged , , , , , , , , , | 1 Comment

Nigeria: Jonathan seeks N161bn to prevent fuel scarcity

December 12, 2012 by IndepthAfrica

PRESIDENT Goodluck Jonathan has requested for the approval of a N161.6 billion supplementary budget from the National Assembly to offset accumulated fuel subsidy arrears owed to oil marketers. In separate letters to the leaderships of the Senate and House of … read more »

Posted in Nigeria, West Africa | Tagged , , , , , , , , , | Leave a comment

Nigeria: Removing Petroleum Products Subsidy: To Be or Not To Be

December 2, 2012 by IndepthAfrica

As we approach the beginning of a new financial year, Nigerians are again witnessing conflicting signals from the government about whether or not the subsidy on petroleum products will be removed or reduced.  Firstly, the report of the Dr. Kalu-led … read more »

Posted in Article, Nigeria, West Africa | Tagged , , , , , , , , | Leave a comment

Nigeria: Jonathan’s Govt to increase fuel price in 2013

November 17, 2012 by IndepthAfrica

There were strong indications on Friday that the Federal Government would increase the fuel price in 2013. President Goodluck Jonathan had on Thursday in Abuja said total fuel subsidy removal was a must. He stated that only total removal of … read more »

Posted in Nigeria, West Africa | Tagged , , , , , , , , , , | 2 Comments

Nigerian ‘bribe buster’ in graft scandal

August 20, 2012 by IndepthAfrica

The details being reported seemed outlandish: a supposed graft-busting legislator stuffing bribe money under his hat because he had already filled his pockets, an oil baron recording the transaction. The truth was anybody’s guess, but what was clear was that … read more »

Posted in Hottest News, News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nigeria will not charge fuel subsidy fraud accused

July 6, 2012 by IndepthAfrica

Nigeria’s Attorney General has filed a court petition to prevent anyone implicated in a $6.8 billion fuel subsidy corruption scandal being prosecuted, after allegations the investigator himself took a bribe to manipulate the report. Nigerian legislator Farouk Lawan blew the … read more »

Posted in News, Nigeria, Spotlight, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nigeria vows crackdown on fuel subsidy scammers

July 5, 2012 by IndepthAfrica

LAGOS — Nigerian President Goodluck Jonathan created a body Thursday to verify the findings of a committee set up to look into all fuel subsidy payments made in 2011 with a view to punishing fraudsters. Jonathan established the verification and … read more »

Posted in News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

I will not interfere or mediate in the ongoing bribery scandal – President

July 4, 2012 by IndepthAfrica

President Goodluck Jonathan has declared that he will not interfere or mediate in the ongoing bribery scandal in the House of Representatives involving Mr. Farouk Lawan and a businessman, Mr. Femi Otedola. The Special Adviser to the President on Media … read more »

Posted in Daily News Wrap, News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nigeria President And The Fight Against Corruption

July 3, 2012 by IndepthAfrica

Perhaps miffed by frequent criticisms that he has not been doing enough in the fight against corruption in the country, President Goodluck Jonathan was on Sunday forced to reply his critics, asserting that nothing so far has shown that he … read more »

Posted in Article, Nigeria, West Africa | Tagged , , , , , , , , , | Leave a comment

Nigeria $620,000 Bribery Scandal: Phone Conversation between Farouk Lawan & Femi Otedola

July 3, 2012 by IndepthAfrica

Fresh facts have continued to emerge in the $620,000 bribery scandal between the embattled Chairman of the House of Representatives’ ad hoc committee on Fuel Subsidy, Farouk Lawan and the MD/CEO Zenon Oil and Gas, Femi Otedola. The Chairman, House … read more »

Posted in Hottest News, News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

I’m not soft on corruption, Says Jonathan

July 1, 2012 by IndepthAfrica

Lawan insists $500,000 with Reps’ panel ‘Otedola handed over $250,000 to me in hotel room’ IN both the federal legislature and the Executive arms of government, corruption among the key officers was the issue yesterday. The Presidency, which has been … read more »

Posted in News, Nigeria, Spotlight, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Why the Khartoum Regime will fall

June 28, 2012 by IndepthAfrica

By Eric Reeves The success of the current, rapidly growing rebellion in Khartoum and elsewhere in Sudan is far from assured. The National Islamic Front/National Congress Party regime—facing a serious domestic challenge for the first time in years—will use all … read more »

Posted in Article, East Africa, News, Sudan | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Nigeria $3m Fuel Subsidy Bribery Scandal: Farouk Lawan detained

June 15, 2012 by IndepthAfrica

LAGOS — Chairman of the House of Representatives ad-hoc committee on fuel subsidy management, Hon. Farouk Lawan who is at the centre of the $3million bribe to clear indicted oil companies, was detained last night by the police. Rep Lawan who … read more »

Posted in Daily News Wrap, News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nigeria: Fuel subsidy probe head quizzed over bribe

June 15, 2012 by IndepthAfrica

Police said on Thursday they were questioning a Nigerian lawmaker, who uncovered a $6.8 billion fuel subsidy corruption scandal, over an allegation that he took a bribe from an oil trader in exchange for removing his name from the report. … read more »

Posted in Daily News Wrap, News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nigeria’s finance minister orders fuel subsidy slow down

June 15, 2012 by IndepthAfrica

Nigeria’s finance minister said on Thursday she had ordered a slow down to fuel subsidy payments to allow verification that they are for genuine deliveries, an effort to combat fraud costing it billions of dollars. “I decided that we should … read more »

Posted in News, Nigeria, Spotlight, West Africa | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Exclusive Blogbuster: Otedola and Farouk Lawan $600 000 Bribery Scandal; The True Story!

June 12, 2012 by IndepthAfrica

By Nana Gwadabe June 12th, 2012 by Japh – You already know the side of the story that says Femi Otedola gave Farouk Lawan $620,000 and that bit is very much true. Below is the part of the drama that … read more »

Posted in Article, Nigeria, West Africa | Tagged , , , , , , , , , , | Leave a comment

Our Stand: Lawan, Otedola, N2.6trn Thieves Must Face Justice

June 12, 2012 by IndepthAfrica

by Leadership Editorial Anti-graft agencies now have another opportunity to prove that Nigeria is not yet “a paradise for maggots” (the title of a new book on Nuhu Ribadu, EFCC’s first chairman) by getting all the actors (and actresses) in … read more »

Posted in Article, News, West Africa | Tagged , , , , , , , , , , | Leave a comment

Nigeria: Otedola says I have nothing to hide

June 12, 2012 by IndepthAfrica

As Police investigations into the $620, 000 bribe money allegedly collected by the Chairman of House of Representative probe committee on oil Subsidy, Hon. Farouk Lawan continues, Vanguard can report authoritatively that Police authorities have tagged Hon. Lawan as the … read more »

Posted in Daily News Wrap, News, Nigeria, West Africa | Tagged , , , , , , , , , , | Leave a comment

Oil subsidy probe: Minister blames it all on Yar’Adua

May 22, 2012 by IndepthAfrica

Rules out imminence e of full subsidy removal The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, yesterday said the Farouk Lawan-led House of Representatives ad hoc committee, which probed the oil subsidy, was unfair to her. The minister said it … read more »

Posted in Daily News Wrap, News, Nigeria, West Africa | Tagged , , , , , , , , | Leave a comment

Subsidy probe, capital market, Obasanjo top House agenda

April 15, 2012 by IndepthAfrica

The report of the fuel subsidy probe will feature prominently on the agenda of the House of Representatives as the lawmakers reconvene on Tuesday after a two-week Easter vacation. Our correspondent learnt on Sunday that the House might list the … read more »

Posted in Nigeria | Tagged , , , , , , , , , , | Leave a comment

Nigeria issues 1st fuel import deals after subsidy row

March 12, 2012 by IndepthAfrica

Nigeria’s fuel regulator said on Monday it has issued gasoline import contracts for the second quarter, the first tender result since a public outcry forced the government to back down on plans to scrap consumer petrol subsidies in January. Permits … read more »

Posted in Business, Economy, News | Tagged , , , , , , , , , , , , , | Leave a comment

On your watch, the Nigerian Government failed…

March 11, 2012 by IndepthAfrica

By Valentine Uche Chukwuma On your watch, the Nigerian Government failed to provide the Nigerian people with access to some basic essentialities of a worthwhile living. Clean drinking water, constant electricity supply, world-class education, motorable roads, standard healthcare facilities, efficient … read more »

Posted in Article, News, Nigeria, West Africa | Tagged , , , , , , , , , , , , , | Leave a comment

INSIGHT: Nigeria oil corruption highlighted by audits

March 9, 2012 by IndepthAfrica

Jolted by a public outcry since the start of the year, Nigeria’s government has announced a series of measures to address oil industry corruption in the world’s eighth biggest producer. It is an issue that may come to define Goodluck … read more »

Posted in Miscellaneous, Refugees/Migrants, Special Reports | Tagged , , , , , , , , , , , , , | Leave a comment

Jonathan Is Simply ‘not’ SURE!

February 27, 2012 by IndepthAfrica

Bo Bennet said “A single question can be more influential than a thousand statements.” What one question would you ask Mr. Jonathan if you had the opportunity…? Mine would be ”Would Nigerians have voted you knowing what they know now? … read more »

Posted in Article, News, Nigeria, West Africa | Tagged , , , , , , , , , , , | Leave a comment

Jonathan and His Phantom Palliatives

February 23, 2012 by IndepthAfrica

By Peter Claver Oparah I cannot help but laugh out loud when I read the scandalous report that President Goodluck Jonathan has discarded the so called palliatives he employed as an alibi to effect mind bogging increment in the price … read more »

Posted in Article, Nigeria, West Africa | Tagged , , , , , , , , , , , | Leave a comment

Nigerians are killed by their Government!

February 15, 2012 by IndepthAfrica

By Musa Balarabe Musa Every democratic society is built on the premise that “Sovereign power” belongs to the governed, and fear of anarchy, normlessness, and war of all against all, makes it cardinal for everyone to surrender his Sovereign right, … read more »

Posted in Article, Nigeria, West Africa | Tagged , , , , , , , , , , | Leave a comment

Could 2012 be Nigeria’s year of real reform?

February 2, 2012 by IndepthAfrica

There are many reasons to be negative about Nigeria’s business environment. Issues such religious conflict, corruption, an inconsistent regulatory environment and poor infrastructure could push any investor to rather look at opportunities in other African countries. Charles Robertson, global chief … read more »

Posted in Article, Business, Economy, Nigeria, West Africa | Tagged , , , , , , , , , , | Leave a comment