• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, October 26, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Oil and Gas

NANS rejects N5,000 transport allowance, threatens to shut down Nigeria over planned fuel subsidy removal

by NewsNet Nigeria
4 years ago
in Oil and Gas
NANS rejects N5,000 transport allowance, threatens to shut down Nigeria over planned fuel subsidy removal
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

The National Association of Nigeria Students (NANS) on Friday said ‘Nigeria will be shut down’ should the Federal Government go ahead with its planned removal of fuel subsidy in 2022.

Recall that Nigeria’s Minister of Finance, Budget, and National Planning, Zainab Ahmed, on Wednesday announced that the government would remove fuel subsidy in June 2022 and replace it with a monthly N5,000 transport grant to about 40 million poor Nigerians.

In response to the government’s plan, NANS has warned of the economic catastrophes that would result from the removal of subsidies on petroleum products.

NANS President, Adedayo Asefon, while addressing newsmen on Friday in Abuja, said the students’ body has also rejected the government’s plan to pay N5,000 transport allowance to 40 million Nigerians to cushion the effect of soaring fuel prices.

Asefon said, “Nigeria will be shut down should the Federal Government attempt to remove the fuel subsidy as allegedly being proposed,” Asefon said.

“It is merely an attempt to add a new dimension of economic woes upon Nigerians through this removal of fuel subsidy.

“We wish to state further that before Federal Government can take any decision on the removal of subsidy, it must first demonstrate goodwill by ensuring that the NNPC makes the four refineries we have in this country work at full capacity to determine the exact cost of refining the products in the country.

“Nigeria cannot continue to use this cause of the implication of the petrol as the benchmark for determining the appropriate price of the products.”

(CHANNELS TV)

Previous Post

Delta govt restates commitment to generating valid, credible educational test items

Next Post

IPMAN, MOMAN give reasons for backing removal of fuel subsidy

MORE NEWS

Nwoko Hails NDDC Warri Office as Symbol of Transparency and Reform, Calls for Sustainable Regional Growth
Oil and Gas

Nwoko Hails NDDC Warri Office as Symbol of Transparency and Reform, Calls for Sustainable Regional Growth

October 18, 2025
Iwhrekreka Community Hails Tantita’s Performance, Urges Tinubu, NNPCL to Expand Surveillance Contract Nationwide
Oil and Gas

Iwhrekreka Community Hails Tantita’s Performance, Urges Tinubu, NNPCL to Expand Surveillance Contract Nationwide

October 15, 2025
PIA: Urhobo Monarchs Inaugurate Palace Representatives in Oil, Gas Communities
Oil and Gas

PIA: Urhobo Monarchs Inaugurate Palace Representatives in Oil, Gas Communities

September 7, 2025
FG Declares Friday, September 5, Public Holiday for Eid-ul-Mawlid
Oil and Gas

Group Cautions Tinubu Against Alleged Sale of Nigeria’s Oil, Gas JV Assets

September 6, 2025
Next Post
IPMAN, MOMAN give reasons for backing removal of fuel subsidy

IPMAN, MOMAN give reasons for backing removal of fuel subsidy

Leave Comment

RECENT STORIES

Illicit Arms Supplier to Bandits Falls in Delta Police Dragnet

Illicit Arms Supplier to Bandits Falls in Delta Police Dragnet

October 25, 2025
ACCI, Trisonet Metaverse Sponsor Rural Delta Children’s Education

ACCI, Trisonet Metaverse Sponsor Rural Delta Children’s Education

October 25, 2025
ACOMIN Seeks LGSC’s Intervention Over Staff Shortage, Lack of Test Kits in PHCs

ACOMIN Seeks LGSC’s Intervention Over Staff Shortage, Lack of Test Kits in PHCs

October 25, 2025
I Use Igbe Ame/Oren Religion to Deliver Mankind from Bondage – Chief Brugba

I Use Igbe Ame/Oren Religion to Deliver Mankind from Bondage – Chief Brugba

October 25, 2025
FG Declares Friday, September 5, Public Holiday for Eid-ul-Mawlid

Tinubu Approves New Service Chiefs to Reinforce Nigeria’s Security Architecture

October 24, 2025

TRENDING STORIES

  • Delta Police Smash Cult, Armed Robbery Syndicates in Ibusa, Sapele-Warri Axis

    From Asaba to Jeddo: Police Intercept 400 Live Cartridges, Arrest Notorious Drug Baron

    0 shares
    Share 0 Tweet 0
  • Calm Down, It’s a Family Issue — Michael Nwoko Tells Fans Amid Ned-Regina Speculations

    0 shares
    Share 0 Tweet 0
  • Trigger-Happy Cop Nabbed in Delta After Viral Shooting Video, CP Orders Probe

    0 shares
    Share 0 Tweet 0
  • Illicit Arms Supplier to Bandits Falls in Delta Police Dragnet

    0 shares
    Share 0 Tweet 0
  • Agbor Okada Rider’s Killers Nabbed as Police Recover Decomposed Body

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.