A network of 47 youth groups in Nigeria, Arewa Youths Alliance for Progress and Development (AYAPD) has expressed displeasure over the continued shortage of premium motor spirit (PMS) also known as petrol and wants those responsible to be investigated and erring persons or organizations prosecuted. In a statement jointly signed by Engr Jamilu Shittu Dunkuwa and Comrade James Ishaku as chairman and secretary respectively, AYAPD claimed that the situation has triggered some unpatriotic Nigerians to...

ABUJA — President Muhammadu Buhari has said the costly petrol subsidy will end by 2023. He indicated this on Friday during the presentation of the proposed 2023 budget to the national assembly, in Abuja. Buhari had presented a record N20.51 trillion 2023 appropriation bill to the national assembly, earlier on Friday. He said the subsidy was no longer sustainable considering the current fiscal impact. “As we seek to grow our government revenues, we must also...

The Nigerian National Petroleum Company Limited (NNPC)has said it is ready for a forensic audit of its petrol supply and subsidy management framework. Garba Deen Muhammad, group general manager, public affairs division, NNPC, announced this in a statement on Saturday. Earlier, the Nigerian Customs Service (NCS) had refuted claims by NNPC Limited that citizens consume about 60 million litres of petrol daily. It further alleged that the oil company was supplying an excess of 38...