2023 budget hangs on meeting oil target, ending subsidy
The prospect for a successful implementation of the 2023 budget relies heavily on the government’s ability to remove petrol subsidies and ramp up oil earnings, a review of the budget…
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Nigeria’s subsidy
Nigeria’s subsidy bill of $16bn surges to double total spending of all 36 states
Full year estimate for petrol subsidy payment for 2022 will hit nearly sixteen billion dollars or double the total expenditure budget of all the thirty-six states in 2021 according to…
More pain for Nigerian states as FAAC shrinks by N68bn in November
The ability of Nigerian states and other tiers of government to meet their various obligations is under more risk as gross monthly distribution by the Federation Account Allocation Committee…
End subsidy, spend more on education, health – experts
Nigeria must channel the money being spent on subsidies to the development of primary healthcare and basic infrastructure to secure the future of Nigeria, experts said at the 27th National…
Petroleum subsidy and Nigeria’s dilemma
Nigeria is in a dilemma as to what to choose between a system that allows market forces to determine the prices of petroleum products and another system where the government regulates the…