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FUEL SUBSIDY REMOVAL
The declaration by the recently sworn-in Nigerian President, Bola Ahmed Tinubu stating that Fuel Subsidy has been removed, a move creating panic and chaos in Nigerian energy retail markets is not a new development.
The fuel subsidy removal has been a burning issue since the presidential campaign and President Tinubu has always said he will remove the fuel subsidy.
NUPENG has advised the incoming president to allow Dangote refinery products to be in the market first before removing fuel subsidies.
Nigeria’s galloping inflation is largely driven by a trio of rising energy prices, exchange rate depreciations and increase in food prices.
SERAP says the Federal Government has no justification for requesting $800 million loan meant for conditional cash transfers following fuel subsidy removal.
A panel of experts met in a webinar on April 27, 2023, to discuss the challenges and opportunities that a policy change presents.
Joe Ajaero, the president of the National Labour Congress (NLC) has said that Nigeria does not need fuel subsidy removal.
The Nigeria Labour Congress (NLC) has said removing fuel subsidy will set Nigeria on fire. However, this analyst says the removal is unavoidable.
This article recommends ways the incoming administration can help cushion the effects of fuel subsidy removal in Nigeria
The planned removal of fuel subsidies in Nigeria will likely be the start of renewable energy adoption in Nigeria
Amid possible removal of fuel subsidy in Nigeria, here are four things you must know if you're considering switching to solar
An energy expert has explained why fuel subsidy removal planned for June 2023 will not solve the challenges of fuel scarcity.