Tag: fuel subsidy

According to the minister, NNPC Retail is absorbing the reduction from its profit margin, rather than relying on government funds ...

The latest decision to have NNPC Retail sell petrol at landing cost has also generated debate over whether the arrangement ...

The Federal Government has rejected calls for the return of petrol subsidy, warning that restoring petrol to its pre-reform price ...

Interestingly, the NNPCL’s financial statement for 2024 reports ₦8.67 trillion as an “under-recovery” balance. Other coverage in the 2025 statement ...

The council said the former vice president’s proposal raised questions over how government support to domestic refiners would translate into ...

Nigeria has already eliminated an unsustainable subsidy. The real test is whether the fiscal space it created translates into lower ...

...reversing the removal of the subsidy would be a step in the wrong direction. It would restore the fiscal burden, ...

Atiku Abubakar Apart from Tinubu, there are many other examples of politicians’ hypocritical campaign poetry. From the US President George ...

The call to return the fuel subsidy has struck a chord, especially among the masses. It has received an overwhelming ...

The pain of reform is real, but reversing an unsustainable system may cost more than sustaining it Countries often learn ...

My view is that Nigeria does not need a return to an inefficient subsidy regime merely because petrol is expensive, ...

Government does not have to keep petrol artificially cheap forever. It needs to make transport, electricity, food production and household ...

L-R Atiku Abubakar and Bola Tinubu The APC and President Tinubu know that the Atiku solution to subsidise production as ...

“This is desperation of the most pitiful kind, an admission he is clueless and out of touch with Nigeria’s economic ...

Presidential spokesman Bayo Onanuga accused Atiku of being "desperate for power."

The Finance Minister says additional resources generated during the reform helped to fund higher wages, debt obligations and infrastructure, while ...

The Middle East conflict has triggered a sharp rise in global oil prices, forcing governments worldwide to adopt emergency measures ...

BudgIT’s new report revealed that twenty states now depend on federal allocations for at least 70 per cent of their ...

A defining feature of Mr Tinubu’s foreign policy has been his stance against military coups in West Africa.

The senate leader said the removal of fuel subsidy was not a sudden decision by the Tinubu administration but a ...

The lawmaker also demanded explanation on the actual status of Nigeria's foreign debt servicing.

Former President Muhammadu Buhari Ordinary people gravitate towards Buhari, like bees to the honeycomb. That was why he always had ...

Mr Kyari the removal of fuel subsidies in Nigeria has been a game-changer in the fight against cross-border smuggling.