Fuel subsidy removal triples FAAC allocation to N3.2 trillion between 2023 and 2024 – Presidency
The removal of the fuel subsidy by President Bola Tinubu's administration has significantly increased the revenue shared among the federal, ...
Tag: Fuel Subsidy
News and analysis about fuel subsidy
Fuel subsidy removal ‘a direct blessing’ to states – Gov. Uzodimma
Hope Uzodimma, the governor of Imo State, has described the Federal Government's removal of fuel subsidies as a "direct blessing" ...
No regret removing fuel subsidy, says President Tinubu
President Bola Ahmed Tinubu has reaffirmed his administration’s stance on the removal of fuel subsidies, describing the decision as a ...
Subsidy removal: Current petrol price now above market rate – NLC
The Nigerian Labour Congress (NLC) has raised concerns over the rising price of petrol in the country, alleging that the ...
Nigeria attracts $55.5 billion in foreign investment since 2019: See the top 5 countries where it came from
Despite significant economic challenges, Nigeria has managed to attract a total of $55.5 billion in foreign capital between Q1 2019 ...
Nigeria lost N10 trillion in revenue to fuel subsidy, multiple exchange rates in 2022 – World Bank
The World Bank has said Nigeria was losing around N10 trillion in foregone revenue to fuel subsidy and multiple exchanges ...
“We can no longer afford transport to go to work,” Nigerians cry out amid soaring price of petrol
Story Highlights: Nigerians are struggling to afford transportation to go to work as petrol prices soar. E-hailing drivers are renegotiating ...
Petrol import in Nigeria drops by 3.58 billion litres after ‘subsidy removal’
Nigeria has recorded a reduction in petrol importation following the ‘removal of fuel subsidy’ by President Bola Tinubu in May ...
Dangote says it’s right time to remove subsidy in Nigeria, plans tracker for oil trucks
Alhaji Aliko Dangote, President and Chief Executive of Dangote Group, has urged the Nigerian Federal Government to fully remove fuel ...
Lagosians turn off car air conditioning as fuel turns into luxury item
As fuel prices continue to skyrocket, Lagosians are being forced to adopt new strategies to manage the increasing costs of ...
