Fuel Subsidy

Day one action: President Tinubu suspends fuel subsidy

…Nigerians resort to panic buying – Report …Fuel subsidy will unlock N7trn revenue, ease debt – CPPE …Policy will draw Nigeria backward – NLC National President …Fix food inflation, structure for social investments before removing subsidy – BudgIT Director …US…

Fuel subsidy is gone— Tinubu declares

…Marketers shut gates against motorists, may sell petrol at N450 per litre President Bola Ahmed Tinubu has announced that the regime of fuel subsidy is gone. He made the pronouncement during his inauguration speech at the Eagle Square yesterday. He…

El-Rufai, Soludo, Sanusi insist on fuel subsidy removal

The Kaduna State Governor Malam Nasir El-Rufai and his Anambra counterpart, Prof. Charles Soludo, have urged the Federal Government to end the fuel subsidy regime which has negatively affected Nigeria’s economy. The Governors made the call on Tuesday in Abuja…

FG bows to labour, suspends fuel subsidy removal

…Says removal requires more preparatory work In order to avoid another strike by the Nigeria Labour Congress ( NLC), the Federal Government yesterday  announced that it has suspended fuel subsidy removal earlier planned for June 2023. Leadership of the NLC…

Fuel subsidy removal: A reoccurring debacle

The back and front surrounding fuel subsidies removal or continuity had been a reoccurring debacle within Nigeria’s public space. Despite the country being a leading crude oil producing Nation, dependence on fuel importation continued to gulp almost half its annual…

Why fuel subsidy removal goals may fail

Recently, the Federal Government disclosed that it will begin a gradual removal of the petrol subsidy from April 2023, about three months ahead of the initial plan to effect a complete stop. What has continued to ponder on the mind…