Tag: Subsidy removal

In an effort to lessen the pain that Nigerians are going through, a coalition of civil society organisations named The Osun Masterminds, or TOM, have urged President Bola Tinubu to ...

Traders in major food markets in the country have blamed insecurity and fuel subsidy removal for the rising food prices in the country, according to a survey conducted by the ...

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government ...

Recent data from the National Bureau of Statistics reveals that Nigeria spent a staggering N3.5 trillion on fuel imports during the second half of 2023. The Tinubu administration's removal of ...

The International Monetary Fund has said that even though Nigeria and other low-income debtors have yet to request any debt relief recently, high debt servicing costs remain a growing challenge. ...

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be saving N8tn annually from the fuel subsidy removal and exchange ...

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 ...

The Nigeria Labour Congress has stated that the World Bank is one of Nigeria's problems as a result of the latter's call for fuel prices to be set at N750 ...

A recent report titled "State of Entrepreneurship," published by the Fate Foundation, discloses that a staggering 90% of businesses in Nigeria experienced adverse effects following the removal of the fuel ...

The federal government has so far saved about N1.45tn from earnings generated from the removal of subsidy on Premium Motor Spirit, popularly called petrol between June and September. This is ...