Tag
FUEL SUBSIDY
News and analysis about fuel subsidy
The decision was made by the National Economic Council, which agreed that the subsidy should not be removed at this time.
Some companies may become bigger players in the downstream sector when fuel subsidy is removed due to the high costs of selling and distribution
According to analysts at KPMG, fuel subsidy removal will keep pressure on domestic prices in 2023 as the country prepares to deregulate the downstream sector.
Failure to remove fuel subsidies presents a major fiscal risk to Nigeria's economy, according to a report by macroeconomic intelligence provider, FocusEconomics.
A House of Representatives member has said that President Buhari should be patriotic enough to remove fuel subsidies before his tenure ends in 61 days.
PENGASSAN President believes that fuel will be sold for less than N500 per liter after the fuel subsidy is removed.
The Federal Government has revealed that the incoming administration of Bola Ahmed Tinubu will handle the provision of palliative measures for Nigerians ahead of the removal of fuel subsidy in June 2023.
Kayode Oluwadare believes that removing fuel subsidies without adequate social welfare programs will lead to higher fuel pump prices and inflation
Fuel subsidy removal might make inflation worse for Nigerians, according to Kayode Oluwadare, an oil and gas analyst who spoke to Nairametrics.
The committee in charge of finalizing palliative plans following the removal of fuel subsidies in June 2023, is yet to conclude plans with barely three months to the end of President Buhari's tenure.
Adetilewa Adebajo, the Chief Executive Officer of CFG Advisory, has said that the Central Bank of Nigeria will need to focus on managing cost-push inflation after the fuel subsidy is removed.
Nigeria’s downstream sector operators’ have asked Nigeria’s next president to remove fuel subsidies and deregulate the downstream sector.