The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely.
He said the removal would help determine the actual petrol consumption in the country, as he confirmed ownership...
The World Bank has urged the Federal Government to remove the current fuel subsidy regime, saying Nigeria might be facing an existential threat due to the continued payment of trillions of naira on the subsidy.
The Senior Public Sector Specialist,...
The World Bank has warned that Nigeria could lose around N5trillion in 2022 from subsidising petrol.
The World Bank in its Nigeria Development Update (NDU) released on Tuesday in Abuja said N5 trillion is urgently needed to cushion ordinary Nigerians...
The subsidy, which the NNPC prefers to call ‘value shortfall’ or ‘under-recovery’, resurfaced in January this year as the government left the pump price of petrol unchanged at N162-N165 per litre despite the increase in oil prices.
The Federal Government...
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year.
Its Country Director for Nigeria, Shubham Chaudhuri, who spoke on Monday at a...
Students under the umbrella of the National Association of Nigerian Students, Ondo State chapter, took to the streets on Thursday to protest the worsening...
General Abdourahamane Tchiani
Niger's military ruler has been sworn in as the country's president for a transitional period of five years.
Gen Abdourahamane Tchiani has...
