Petrol prices have risen to N1,212 per litre in Nigeria despite falling global crude prices, with depot prices reaching N1,735 per litre.
The Presidency has accused Atiku Abubakar of policy inconsistency over his proposal to restore petrol subsidy, saying his position keeps changing.
Critics and others have claimed that if truly the reform is working for the good of Nigerians, why is there a widespread inflation, hardship and unemployment?...
The real issue is not merely, “Should Nigeria restore the fuel subsidy?” The bigger question is: What happened to the resources generated by its removal, and...
Now, the responsibility is to ensure Nigerians see the benefits of the reform through lower inflation, stronger purchasing power, better infrastructure, more jobs and a more...
Nigeria does not need leaders who merely understand what citizens want to hear; it needs leaders who can explain what is economically possible and how it...
The Revenue Mobilisation Allocation and Fiscal Commission told a Senate committee that Nigeria spent N1.16 trillion on fuel subsidy in 2021, alongside other oil sector deductions.
Dangote Refinery and other fuel marketers reduced petrol depot prices across Lagos, Warri, Calabar and Port Harcourt in fresh market cuts.
Nigeria could see another wave of inflation as crude oil rises above $100 per barrel, with experts warning of higher petrol prices and increased living costs.
Experts argue that lasting solutions lie in strengthening local refining capacity, improving the value of the naira, ensuring transparent pricing mechanisms, and promoting healthy competition within...