Tag: Fuel Subsidy
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Tinubu govt admits spending trillions on fuel subsidy after denials
The Nigerian government has acknowledged spending hefty sums on petrol subsidy it initially removed last year, after repeated denials.
The government of President Bola Tinubu said...
Despite govt denial, IMF sees record fuel subsidy cost for Tinubu in 2024
Nigeria could pay as much as 3% of the size of its economy as fuel subsidy this year, the International Monetary Fund has said,...
NNPC claims Nigeria no longer pays petrol subsidy. That’s unlikely
The Nigeria National Petroleum Corporation Ltd. on Monday denied the government paid petrol subsidy despite the price control in place and the rising oil...
IMF seeks more fuel subsidy cuts, says climate above consumer pain
The International Monetary Fund is pushing for more fuel subsidy cuts, arguing that while fuel prices would rise if governments removed subsidies, this would...
“Federal govt’s subsidy palliative to states N2.3 billion, not N5 billion”
The federal government is not providing N5 billion to states as aid following the removal of petrol subsidy as states are contributing to the...