Mr. President, I greet you with the highest respect and commend you for your steadfast commitment to the Nigerian people since taking office. Your administration has embarked on bold reforms aimed at reshaping the nation’s economic and social landscape.

Mr. President, I greet you with the highest respect and commend you for your steadfast commitment to the Nigerian people since taking office. Your administration has embarked on bold reforms aimed at reshaping the nation’s economic and social landscape.

Increasing the price of Premium Motor Spirit (PMS), also known as petrol, may reverse the already diminishing effects of fuel subsidy removal in Nigeria, according to the World Bank. 

According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Nigeria currently spends $600m on fuel importation monthly. 

Petrol Subsidy Removal: NITT Urges Nigerians To Convert Vehicles To Autogas   The Nigerian Institute of Transport Technology (NITT), says it has built workshops across the country to assist Nigerians convert their petrol-powered vehicles to autogas. Dr Bayero Salih-Farah, Director-General of the institute, said this at a...

Subsidy Removal, Naira Depreciation Push Inflation To 22.79%   Nigeria’s inflation rate rose further to 22.79 per cent Year-on-Year (YoY) in June 2023 from 22.41 per cent previous month of May. But analysts appear surprised that the increase was moderate, beating their projections at the backdrop of...