Day: October 6, 2020

How fuel subsidy grew into huge financial burden for Nigeria in 30 years – NNPC

Efe Wellington

Though the idea of price stabilization which led to the introduction of fuel subsidy in Nigeria in the 1970s was noble, it had grown into a huge financial burden on the nation’s treasury over the years, necessitating its removal in March 2020. The Nigerian National Petroleum Corporation (NNPC), which said this on Tuesday, maintained that the deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. Group Managing  Director, NNPC, Mallam…

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Why Nigerian Varsity Lecturers won’t resume on October 12 – ASUU

Wonuola Olujobi

  The Academic Staff Union of Universities has said it would not honour the October 12, 2020 resumption date announced by the Federal Government for public universities in the country following the easing of the lockdown occasioned by COVID-19. The union said this through its National President, Prof. Biodun Ogunyemi, in an interview with The PUNCH. Ogunyemi told The PUNCH that the Federal Government was not sincere about negotiations with the union, adding that lecturers would not resume on an empty stomach. He specifically took a swipe at the Accountant…

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