FG said fuel subsidy removal has started yielding dividends, disclosing that over $30bn FDI, had been attracted so far.
A former Governor of Bauchi State, Isa Yuguda has stated that the federal government still pays subsidy on petroleum products.
Isa Yuguda's revelation challenges the government's stance, stating that fuel subsidies continue. Explore the controversy and economic impact in this insight into Nigeria's ongoing subsidy debate.
Nigerians are experiencing the worst economic crisis in more than two decades. Fuel prices have since tripled in Nigeria, ...
The Manufacturers Association of Nigeria, MAN, has called on the federal and state governments to direct savings from the ...
Nigeria is experiencing its worst economic crisis in almost 30 years, with widespread unrest and anger over soaring prices ...
Onanuga, in a chat with TheCable, said Nigeria was in serious financial trouble ... The NNPCL was saying the government owed ...
Human rights lawyer Femi Falana (SAN) has asked the President Bola Tinubu led federal government to review the fuel subsidy removal policy following claims that Nigeria still pays for it. Although ...
Nigeria's emergency agency says it has tightened security ... Since coming to office last year President Bola Ahmed Tinubu has ended a fuel subsidy and currency controls, leading to a tripling of ...
An International Monetary Fund team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, visited Lagos and Abuja February 12–23, 2024, to hold discussions for the 2024 Article IV Consultations ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigeria was long under international pressure to end fuel subsidies that allowed its citizens to pay some ...
Though the IMF called for the end of the fuel subsidy, a lack of "measures to cushion the effect of shock therapy" has resulted in the turmoil in which Nigeria now finds itself, said the FT.