HIKE – InfoStride News

Electricity Subsidy Surges 220%, Nears ₦2 Trillion Mark

Temitope Nlewemchi — Fri, 18 Jul 2025 09:33:58 +0000

Nigeria’s electricity subsidy burden has ballooned significantly, rising by a staggering 220 percent to nearly ₦2 trillion in 2024. This development has raised widespread concerns about the sustainability of government interventions in the power sector and reignited calls for urgent reforms to ensure financial viability and service reliability. The sharp increase from ₦610 billion in [...]

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Kwara State Consumers Lament Hike In Price Of Sachet Water

David Folami — Thu, 23 Feb 2017 14:54:15 +0000

Consumers of sachet water commonly in Ilorin, Kwara, have decried the sudden increase in the price of the commodity. The consumers expressed their views in separate interview with the News Agency of Nigeria, (NAN) on Thursday. According to them, it is not fair for producers of sachet water to increase prices of the commodity indiscriminately. [...]

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Forex Responsible For Kerosene’s Price Hike — IPMAN

David Folami — Sun, 08 Jan 2017 16:04:55 +0000

Alhaji Olanrewaju Okanlawon, a factional Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), in Kwara has ascribed the recurring hike in the price of kerosene to the unstable foreign exchange occasioned by the lingering economic recession. Okanlawon told the News Agency of Nigeria (NAN) in Ilorin on Saturday that the association should not [...]

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Senate Orders NCC To Stop Planned Tariff Hike

David Folami — Wed, 30 Nov 2016 12:56:27 +0000

The Nigerian Senate has condemned the Nigerian Communications Commission (NCC) for planning to increase the price of data in the country. The NCC ordered service providers in the country to increase the data price from Thursday, December 1. The upper legislative chamber however described the move as the height of irresponsibility and resolved that it [...]

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NNPC Dismisses Report Of Plan To Hike Pump Price Of Petrol

David Folami — Tue, 08 Nov 2016 23:11:39 +0000

The Nigerian National Petroleum Corporation (NNPC), has again debunked report that it plans to hike the pump price of petrol. Mr Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, NNPC made the denial in a statement issued to newsmen on Monday in Abuja. He said that the NNPC is not empowered statutorily to [...]

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Fuel Price Hike Committee Have Resumed Sitting – Ngige

David Folami — Fri, 03 Jun 2016 11:26:48 +0000

The Technical Committee constituted by the Federal Government and members of workers unions to consider the issues raised over the increment in petrol price has resumed sitting. Dr Chris Ngige, the Minister of Labour and Employment, told newsmen in Abuja on Thursday that the committee has had its inaugural meeting. Ngige, also the chairman of [...]

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Respect NASS Suspension Of Hike In Electricity Tariff – Issa Aremu

David Folami — Thu, 18 Feb 2016 14:29:17 +0000

A labour leader, Issa Aremu, has advised the Federal Government to compel power distribution companies to obey the directive of the National Assembly to suspend implementation of the new electricity tariff. Aremu, the Secretary General, National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) gave the advice in a statement issued on Thursday [...]

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