Nigeria heading for economic recovery despite current hardship – Bagudu
Nigeria's Federal Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has assured that the country is on course ...
Tag: Fuel subsidy removal
Fuel subsidy removal saves Nigeria $7.5 billion annually – Presidency
The presidency has revealed that an impressive $7.5 billion is being saved annually from funds previously allocated to fuel subsidy ...
Management of the Nigerian economy: Staying the course but pausing to reflect
The Nigerian Government has taken several policy decisions in the last 18 months, mainly fuel subsidy removal and floating/unification of ...
Floating of Naira caused hardship for Nigerians, not subsidy removal – Expert
A financial expert, Dr. Olutayo Obadina, has said that the government’s floating of the Naira is the cause of the current ...
Ogun State to launch Electric Bike Initiative with battery swap stations in Abeokuta
The Ogun State Government is set to launch its Electric Bike Initiative on Wednesday, featuring three battery swap stations in ...
COVID-19, currency redesign, fuel subsidy removal are key drivers of food inflation in Nigeria – Ibrahim Maigari
Ibrahim Maigari, Chief Executive Officer of Rice Afrika, has attributed the current food inflation in Nigeria to a series of ...
Nigeria spends N3.5 trillion on fuel importation since subsidy removal
Data from the National Bureau of Statistics reveals that Nigeria spent a staggering N3.5 trillion on fuel imports in the ...
By 2025, Nigeria should have over N11 trillion fuel subsidy savings – World Bank
The World Bank has said that by 2025, Nigeria should have over N11 trillion saved from fuel subsidy removal.
Analysis: Oil and gas stocks post massive returns after fuel subsidy removal
In the context of the effect on specific sectors, the oil and gas sector still recorded growth amidst the impact ...
Fuel subsidy removal and naira devaluation will fan inflationary flames through h2/2023 – FocusEconomics
Analysts at FocusEconomics have said that the fuel subsidy removal fallout and the devaluation of the naira will fan inflationary ...
