Remove Official Exchange Rate, Fuel Subsidy, IMF Urges FG   Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the Nigerian government to stop subsidising fuel. The Washington-based lender also asked the Federal Government to remove the...

Transport Fares Rise By 283% Amid Rising Fuel Subsidy A National Bureau of Statistics report shows that intra-city transport fares in Nigeria have increased by 283 per cent on the average amid the rising cost of fuel subsidy to the Federal Government. The average cost of...

Fuel Subsidy Hits N1.03trn, NNPC To Deduct N199bn From Federation Account     Amid plans by the Federal Government to remove subsidy on petroleum products next February, a government report shows the subvention has gulped N1.03tn in the first 10 months of this year. The document also...

Subsidy Regime: Curse or Blessing to Nigeria?, by Sani Danaudi Mohammed     When nations, countries, states, local governments and communities fail to take right decisions for fear of resistance from the governed, their future is bleak. They become vulnerable to a collapse in security, thereby losing...

FG To Replace Fuel Subsidy With N5,000 Transport Grant To Nigerians The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government will remove fuel subsidy by 2022 and replace it with a N5,000 monthly transportation grant to the poorest...

Petrol Subsidy: FG To Continue Bridging Cost Payment   The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed has disclosed that the Federal Government will continue to pay the cost of bridging petrol to ensure its availability...