Subsidy Shadows: The Billions Nigerians Cannot See, by Haroon Aremu
When former President Goodluck Ebele Jonathan attempted to remove fuel subsidy in 2012, the nation erupted. Streets were flooded with protesters, labour unions shut down economic activities, and what became known as the Occupy Nigeria...
The Vice-President, Kashim Shettima, says President Bola Tinubu resisted pressure from cabals in the oil sector, following the removal of petrol subsidy.
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.
