Nigeria's fuel subsidy: How the new president has shocked the …
WebMay 31, 2023 · Getty Images. This month Nigerians have been paying 185 naira ($0.40, £0.32) per litre for petrol. But Mr Tinubu says Nigeria can no longer do this because of dwindling revenue: the government ...
Nigeria fuel subsidy cut and spiralling costs: What to know
Web31 May 2023 The administration of Nigeria’s new president, Bola Ahmed Tinubu, has started with a snag. At his inauguration on Monday, Tinubu announced the total removal of the highly...
Nigeria: Fuel prices triple as new leader Tinubu ends subsidy | CNN ...
WebJun 1, 2023 · Fuel prices have nearly tripled in Nigeria after the country’s new President Bola Tinubu said his administration would no longer subsidize gasoline for citizens of Africa’s largest oil producer.
Nigeria fuel subsidy: Tinubu's plan to scrap measure sparks rush …
Web30th May 2023, 04:04 PDT By Nduka Orjinmo BBC News, Abuja EPA New President Bola Tinubu announced a plan to end the fuel subsidy after being sworn-in on Monday The first full day in power of...
Bola Tinubu inauguration: Fuel subsidy removed in Nigeria - BBC
WebMay 29, 2023 · Bola Tinubu inauguration: Fuel subsidy removed in Nigeria Reuters Bola Tinubu won February's election with 37% of the vote, a victory that is being challenged in court The new president of...
Nigeria's NNPC spent $10 billion on fuel subsidy in 2022
WebJan 20, 2023 · Nigeria's NNPC spent 4.39 trillion naira ($9.7 billion) on a petrol subsidy last year, latest data from the state-owned firm showed on Friday, a cost the government has blamed for dwindling public ...
Nigeria: Removal of fuel subsidy must not exacerbate poverty
WebJun 1, 2023 · Responding to Nigeria’s looming fuel shortage crisis, caused by removal the removal of a government subsidy, Isa Sanusi, Acting Director for Amnesty International Nigeria, said: “President Bola Tinubu’s decision to remove the fuel subsidy has left millions of Nigerians terrified about the knock-on effects that it will have on their daily lives.
Nigeria should end fuel subsidy, speed reforms, World Bank says
WebNov 23, 2021 · ABUJA, Nov 23 (Reuters) - Nigeria needs to end its costly petrol subsidy within the next three-to-six months, improve exchange-rate management and speed up other reforms to boost growth, the...
Nigeria expects fuel subsidy could cost $9.6 billion in 2022 as oil ...
WebApr 9, 2022 · Nigeria raised $1.25 billion in Eurobonds last month, at a premium to similar tenors, as it sought to find cash to fund its costly petrol subsidy scheme in the face of limited oil revenue. read ...
A necessary ‘sacrifice’: Nigeria ends almost 50 years of fuel subsidies
WebJun 14, 2023 · More than two weeks after announcing the end of fuel subsidies dating from the 1970s, Nigeria's new President Bola Tinubu called the move a necessary "sacrifice" and promised Nigerians "massive ...
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