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 ...

One of the most profound points made was that the biggest subsidy was actually forex, not fuel,” Abiodun said, recalling ...

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 ...

In “Adding Fuel to the Fire in Nigeria,” the author makes the fundamental point that ending the fuel subsidy is not about economics – it is about the patronage politics that govern Nigeria—a point ...

Nigerian lawmakers want electricity subsidies removed after petrol reform, saying it will boost revenue, cut trillions in ...

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 ...

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 ...

From Juliana Taiwo-Obalonye, AbujaOgun State Governor Dapo Abiodun, on Tuesday, declared that the foreign exchange subsidy posed a more severe threat to Nigeria’s economy than the petrol subsidy ...

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 ...

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 ...