Nigeria has long subsidized fuel for its citizens. The cost of the subsidy is high, and economists and the international financial institutions have argued for many years that it significantly ...

Moghalu believes Nigeria economy will be revived if government does away with fuel subsidy. Moghalu in a series of tweets on Monday, May 1, 2023, said Nigerians need to be educated on the ...

BY LEKAN OLAYIWOLA As the nation navigates the third year of reforms, moving from stabilising towards sustained ...

The NNPCL claims that the amount spent on fuel subsidy payment could provide 7,500km of road network at ₦‎400 million per kilometre and 37 well-equipped 120 Beds Tertiary Health Centres at ₦‎32 ...

There is a familiar pattern in Nigerian politics. A short clip travels fast, gains outrage, and becomes the version of events that sticks. Nuance rarely survives that journey. The latest target of ...

Governor Dapo Abiodun of Ogun State has declared that Nigeria’s most damaging economic burden before May 2023 was not the petrol subsidy but the foreign exchange subsidy, arguing that it inflicted ...

The Dangote Refinery has signed an offtake agreement with 12 petroleum marketing companies to distribute between 60 million and 65 million litres of petrol daily.

NIGERIA’S fiscal stability is coming under renewed strain as the anticipated benefits of fuel subsidy removal are being overshadowed by a surging debt service burden. Analysts warn that “reform ...

LAGOS, March 20 (Reuters) - Nigeria is trying to shed costly gasoline subsidies and enable private companies to import for the first time in years as its fuel regulator meets to draft a new price ...

Economist Kalu Aja has publicly apologised to Nigerians for initially supporting the removal of the fuel subsidy by President Bola Ahmed Tinubu. In a post on X (formerly Twitter), Aja stated: “I have ...

Ogun State Governor, Dapo Abiodun, on Tuesday identified distortion in the foreign exchange (Forex) market under the immediate past administration as a greater havoc to the economy than the fuel ...

Many readers of this blog will be familiar with the pernicious consequences of fossil fuel subsidies -- and how difficult it is to get rid of them. My colleague John Campbell, a former U.S. ambassador ...