The Federal Government has stated that the removal of the petrol subsidy by President Bola Tinubu ended a historic financial drain that cost Nigeria over $84bn and has helped finance 40 critical road projects across the country in two years.

Fuel Subsidy Removal Saves Nigeria $7.5bn Annually – FG The presidency has revealed that an impressive $7.5 billion is being saved annually from funds previously allocated to fuel subsidy following its removal. Sunday Dare, the Special Adviser on Media and Public Communications to President Tinubu, shared...

Nigeria Lost 5% of GDP to Petrol Subsidy – Wale Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says petrol subsidy cost Nigeria about 5 percent of its gross domestic product (GDP). On May 29, President Bola Tinubu said the petrol...

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. 

Nigeria 'll Save N5.4trn from Subsidy Removal in 2024 – Ogun Governor Ogun State Governor, Dapo Abiodun, has revealed that President Bola Ahmed Tinubu’s decision to end fuel subsidies has saved Nigeria N5.4 trillion, which would have been spent by the end of 2024. Speaking at...

FCT Civil Servants Lament Continued Delay in Minimum Wage Implementation As Nigerians' economic situation continues to deteriorate, federal civil servants in the FCT have decried the prolonged delay in implementing the new minimum wage of N70,000. The News Agency of Nigeria (NAN) reports that the living...