The Nigeria Governors Forum says states are not responsible for alleged non-accountability of fuel subsidy funds and supports affordable CNG transport.
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?...
Former Vice President Atiku Abubakar says his position on fuel subsidy has not changed and promises to restore relief for Nigerians in 2027.
But economically, the basic fact remains: before subsidy removal, Nigeria was using substantial public and oil-sector resources to keep petrol artificially cheap; after removal, those resources are...
Tinubu and Atiku disagree over Nigeria’s fuel subsidy policy as the former vice president unveils a capped, audited subsidy model for local refining.
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.
The Federal Government has defended how fuel subsidy savings were spent, citing debt servicing, minimum wage and student loans, but labour unions insist the claims must...
Subsidy in itself is not a bad policy. Many countries around the world still support their citizens through various forms of energy subsidy. Indonesia maintains government-controlled...