Okonjo-Iweala Recounts Threats and Mother’s Kidnap Over $2.4bn Subsidy Probe
WTO Director-General Dr. Ngozi Okonjo-Iweala has recounted how uncovering a $2.4 billion fuel subsidy fraud in Nigeria led to threats and the kidnapping of her mother.
Tag: Fuel Subsidy
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Fuel Subsidy: IMF Recommends Targeted Relief Measures Over Reinstatement
The International Monetary Fund has advised Nigeria against restoring broad fuel subsidy controls, urging the government to adopt targeted support measures for vulnerable households.
Subsidy Is Back, We Should Thank Atiku – Rufai Oseni
Rufai Oseni says fuel subsidy is back, crediting Atiku Abubakar for pushing the government to introduce petrol price relief.
Petrol Could Hit ₦2,000 as Dollar May Reach ₦3,000, FG Warns Against Fuel Subsidy Return
The Federal Government warns that petrol could hit ₦2,000 per litre and the dollar ₦3,000 if Nigeria restores fuel subsidy.
Fuel Subsidy: Keyamo Reveals How Nigeria Raised $500m for Aviation
Fuel subsidy removal has helped unlock $500 million for major aviation infrastructure projects, including the Lagos airport rebuild, according to Aviation Minister Festus Keyamo
Nigeria @ 66: NLC Demands New Minimum Wage, Lower Petrol Prices From Tinubu
NLC Wants Lower Petrol Prices, Wage Award The Nigeria Labour Congress (NLC) has demanded an immediate reduction in petrol prices and a nationwide wage award for Nigerian workers. The union also wants the Federal Government to begin negotiations for a new national minimum wage. NLC President Joe Ajaero made the demands in an Independence Day…
Peter Obi Makes U-Turn on Fuel Subsidy Ahead of 2027 Election
Peter Obi says he will reinstate fuel subsidy if elected president in 2027 after tackling corruption in Nigeria’s petroleum sector. Obi Changes Position On Fuel Subsidy Peter Obi has promised to reinstate fuel subsidy if he becomes Nigeria’s president in 2027. The presidential candidate of the Nigeria Democratic Congress (NDC) made the promise during a…
NDC Backs Kwankwaso’s Plan to Reintroduce Fuel Subsidy
The Nigeria Democratic Congress (NDC) has backed Rabiu Kwankwaso’s proposal to reintroduce fuel subsidy under a possible Peter Obi-led government in 2027. Kwankwaso, the party’s vice-presidential candidate, made the statement during an Arise TV interview. He said the NDC would bring back subsidy “in our own way.” According to him, the government could invest in…
Restore Fuel Subsidy: Ex-Candidates Charge Tinubu
Former presidential candidates have called on President Bola Tinubu to restore fuel subsidy measures to ease severe economic hardship across the country. Operating under the Coalition of Former Presidential Candidates (CFPC), the leaders addressed newsmen in Abuja on Tuesday. Consequently, the group warned that petrol price deregulation has triggered hyperinflation and pushed millions into poverty….
Candidates Split Over Fuel Subsidy in 2027 Presidential Race
As the 2027 presidential race gathers momentum, presidential candidates split over fuel subsidy, offering contrasting proposals that range from targeted supply discounts to domestic crude pricing reforms.