fuel subsidy

The Digest: The Federal Government has announced that the removal of the petrol subsidy has more than doubled the revenue for state governments. Coordinating Minister of Finance, Wale Edun, said the tough decision was necessary to restore economic confidence and redirect funds to critical...

The Digest: The Federal Government's push for Compressed Natural Gas (CNG) as an affordable alternative to petrol is facing a new challenge. The price of CNG has nearly doubled to ₦450 per standard cubic meter after the government reduced its subsidy. Key Points: The price of CNG has risen...

The Digest: President Bola Ahmed Tinubu has clarified how funds from the petrol subsidy removal are being used, stating that the money is directed toward infrastructure development and human capital building. The removal has significantly boosted Nigeria’s fiscal strength. Key Points...

Peter Obi says he’d have removed fuel subsidy and floated the naira, just not like this. The presidency clapped back, accusing him of lacking the knowledge to lead. Obi, on Arise TV, supported subsidy removal but criticised its “haphazard” rollout Asked about alternative plans, he insisted he’d...