N2.3trn Required to Sustain Fuel, Electricity Subsidy, IMF Cautions The International Monetary Fund (IMF) has warned that continuation of fuel and electricity subsidy will cost Nigeria N2.33 trillion or three per cent of its Gross Domestic Product, GDP in 2024. The warning was contained in the...

N2.3trn Required to Sustain Fuel, Electricity Subsidy, IMF Cautions The International Monetary Fund (IMF) has warned that continuation of fuel and electricity subsidy will cost Nigeria N2.33 trillion or three per cent of its Gross Domestic Product, GDP in 2024. The warning was contained in the...

After Subsidy Removal Petrol Import Crashes by 990million Litres Monthly – Minister The Minister of Information and National Orientation, Mohammed Idris, on Wednesday, said the importation of Premium Motor Spirit, popularly called petrol, into Nigeria has reduced by 50 per cent since the withdrawal of...

After Subsidy Removal Petrol Import Crashes by 990million Litres Monthly – Minister The Minister of Information and National Orientation, Mohammed Idris, on Wednesday, said the importation of Premium Motor Spirit, popularly called petrol, into Nigeria has reduced by 50 per cent since the withdrawal of...

After Subsidy Removal Fuel Import Decline by 1billion Litres – NBS The country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidy in June, a report by the National Bureau of Statistics has shown. The NBS report indicated...

Electricity Consumers Pay N783bn as Subsidy Gulps N376bn   The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday. The latest power subsidy...