Tag: Fuel Subsidy Removal

Low Income and Inflation Drive 14 Million Nigerians into Poverty – World Bank Report

World Bank Disburses $1.5 Billion Loan to Nigeria for Economic Reforms

by Ikenna Ngere

December 30, 2024

The World Bank has approved a $1.5 billion loan to Nigeria to support the federal government’s fuel subsidy removal and tax reform initiatives. This financing is part of the Reforms ...

Tinubu Optimistic About Economic Rebound Amid Fuel Subsidy Removal

by Harry Choms

January 16, 2024

In a reassuring address on Monday, President Bola Tinubu conveyed his confidence in Nigeria's imminent economic recovery, emphasizing the country's resilience in the face of challenges posed by the removal ...