Tinubu Defends Cabinet Size, Says No Regrets Over Petrol Subsidy Removal   President Bola Tinubu has responded to critics who described his cabinet as "bloated" by saying he is unprepared to reduce the size of his 48-man cabinet. During his first presidential media chat, Tinubu argued...

'Why FG Must End Petrol Subsidy Now'   The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed...

Petrol: El-Rufai, Sanusi, World Bank Urge FG To End Subsidy   The Governor of Kaduna State, Nasir El-Rufai, on Tuesday, revealed that in 2021, President Muhammadu Buhari , agreed that it was senseless to be spending trillions of naira as subsidy on Premium Motor Spirit, popularly...

Nigeria Has Final Say On Petrol Subsidy Removal - IMF   The International Monetary Fund (IMF) has said Nigeria’s plan on whether to remove petrol subsidy or not remains a political and domestic decision for the country’s leadership. Speaking at the Sub-Saharan Africa Regional Economic Outlook press...

Petrol Subsidy Is Emotive, Financing For Development Is Rational, by Salisu Na'inna Dambatta   That the sum of USD 800 million (about N386 billion) borrowed by the Federal Government through the World Bank would be used to cushion the initial potential negative effects of the forthcoming...

Finance Minister: FG Spends N18.397bn On Petrol Subsidy Daily The Minister of Finance Budget and National Planning, Zainab Ahmed, has said the federal government is spending N18.397bn daily on fuel subsidy and putting the Country in dire financial stress. Nigeria must at a point take the...