Fuel subsidy
How fuel subsidy removal, transport costs pushed food inflation to 17-year high
By Onome Amuge Despite a significant decline in global food prices, the food inflation rate in Nigeria, Africa’s most populous…
Petrol queues, panic buying resurface after Tinubu’s fuel subsidy removal statement
By Onome Amuge President Bola Tinubu’s recent declaration to put an end to the fuel subsidy era has resulted in…
NEC suspends fuel subsidy removal
By Business A.M. The National Economic Council (NEC) has suspended the anticipated removal of subsidy on petroleum products in Nigeria…
50 million vulnerable Nigerians to benefit from $800m World Bank fuel subsidy palliative
By Business A.M. The federal government says it has secured a World Bank facility worth $800 million, as part of…
FG spent over N12bn on fuel subsidy in five days
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, spent N12.69 billion to subsidise Premium Motor Spirit, PMS, in…
Fuel consumption hits 67.66 million litres/day, subsidy gulps N10.1bn
The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared…
Nigeria to spend N750.81bn on fuel subsidy in 2020
The federal government is expected to spend N750.81bn on petrol subsidy in 2020, latest data from the Petroleum Products Pricing…
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