Nigeria: Finding social purpose with its new fiscal space
Nigeria’s removal of fuel subsidies and its renewed push on tax reform are often described as painful but necessary steps. ...
Wednesday, April 15, 2026
Tag: 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 ...
Tinubu promises massive investment in economy to ease fuel subsidy removal pains
By Business A.M. President Bola Tinubu has admitted that the decision by his administration to remove fuel subsidy will impose ...
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 ...
Fuel subsidy removal will add 4% to global GDP, IMF tells Nigeria, others
The International Monetary Fund (IMF) Wednesday reiterated the need for Nigeria and other countries that still retain the policy of ...
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