News
Reps tell Tinubu to completely remove subsidies, provide palliatives
The House of Representatives of the Nigerian National Assembly, on Thursday urged President Bola Tinubu Chamber to suspend all Direct Sales Direct Purchase (DSDP) contracts, and put an end to all forms of subsidy.
Members of the House of Representatives, after adopting the report of the House adhoc committee that investigated the subsidy regime in the country, made the resolution that the Federal Government should out rightly remove subsidies on all petroleum products.
The federal legislators, rather enjoin the President to “immediately design measures and palliatives to cushion the effects of the subsidy removal for Nigerians effective through the provision and procurement of CNG Busses as an alternative Transport System with Cheaper Fuel Consumption, as well as introduce intermodal, regional and national transport system to ease mass movement of people across the country”.
Apparently, the legislators had resolved that the President should replace subsidy with palliatives which involves expenditure by the federal government.
Meanwhile, the Ninth National Assembly is winding down for the inauguration of the 10th National Assembly.
-
Latest1 week agoLagos NURTW organising secretary Toba Ajiboye dies after gunmen attack
-
Business5 days agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business5 days agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business4 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Latest1 week agoOyo APC berates Makinde over call for UN probe into Oriire school rescue
-
Business5 days agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Business5 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts
-
Latest6 days agoKwankwaso calls for renewed North–South-East Political alliance ahead of 2027


