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...

According to the Nigerian Economic Summit Group (NESG), the implementation of fuel subsidy removal and exchange rate reforms – which were carried out in quick succession by President Bola Tinubu’s administration – has had “unintended adverse effects, exacerbating existing structural issues”.  

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has spoken against the effectiveness of Nigeria’s recent economic reforms, highlighting flaws in their execution.  

Tinubu's Fuel Subsidy Removal: A Year Of Economy Woe By Erasmus Ikhide IN the massive ruins of the nation's economy, it will be self-abnegation not to acknowledge the fact that the rejection of N62,000 or N100,000 minimum wage by the organized labour unions is direct a...