Petrol subsidy

Salihu Lukman, the director-general of the Progressive Governors Forum (PGF) says it will make more economic sense to use N2.4 trillion to recruit more police and military personnel to…

Between January and September this year, the Federal Government of Nigeria collected N2.81 trillion in taxes but spent over N1.004 trillion, equivalent to 48 percent of taxes collected, on…

The Nigerian government and the citizens must agree on the removal of petrol subsidy that will cost Nigeria over N3 trillion by the end of 2021, World Bank Country Director for Nigeria,…

Contrary to the notion that the removal of Nigeria’s much-talked-about petrol subsidy will lead to a spike in the country’s inflation rate, Bismarck Rewane, the CEO of FDC said West African…

Nigeria is unlikely to do away with a wasteful petrol subsidy practice until after the general elections in 2023 even though a new oil law abolishing the practice was signed into law last…

Nigeria could spend about 63 percent of its oil income next year paying petrol subsidy if it doesn’t end the practice before August 2022. The government anticipates producing about 1.8…

The continuous payment of subsidy on petrol will reduce the Nigerian government allocates to states and local governments as well as increase public debt, according to the Nigeria Economic…

Nigeria's new oil law has provided for the deregulation and removal of petrol subsidies. However, the Federal Government of Nigeria on Tuesday said that this will not start immediately.…

Nigeria’s oil sector is bleeding money on account of the activities of oil thieves and government’s obsession with subsidising petrol, a loss that could top N3.5 trillion by year end.…

The fear of popular uprising toppling his government again as it did in 1984 may be the underlying reason behind President Muhammadu Buhari's insistence on petrol subsidies, even when it is…