Analysis of data provided by oil marketers and the energy sector suggests that the Federal Government may allocate approximately 1.68 trillion Naira for Premium Motor Spirit (PMS) subsidy between September…
In this report, OKECHUKWU NNODIM discusses the factors that have hindered the commencement of operations at modular refineries in Nigeria, including the prolonged subsidy on Premium Motor Spirit (PMS). The…
"The Nigeria Labour Congress (NLC) has declared its intent to paralyze the economy, announcing a two-day nationwide warning strike in response to the economic hardships resulting from the removal of…
Despite announcing the elimination of petrol subsidy and a subsequent more than 400 percent increase in the price, there's speculation that the Federal Government might be secretly providing an unspecified…
Senate President Godswill Akpabio has assured Nigerian workers that the government is prepared to reevaluate their salaries to mitigate the impact of fuel subsidy removal. He provided this assurance during…
The governments of Borno, Adamawa, and Yobe have taken measures to address the increase in transportation costs resulting from the removal of fuel subsidy by the Federal Government. In Borno,…
The National Economic Council (NEC) has directed the National Emergency Management Agency (NEMA) to immediately distribute grains to states within one or two weeks to bring down the price of…
Nigeria's shift away from fuel subsidies seems to be driving the adoption of electric cars, as the Federal Government has recently acquired electric vehicles (EVs) from Jet Motors, a Nigerian…
The Osun State Governor, Ademola Adeleke has once again reiterated the readiness of his administration to make life easy for residents of the state. The Governor also disclosed plans by…
The World Bank has projected that Nigeria’s inflation would hit 25 per cent in the coming months due to the adverse effect of fuel subsidy removal. The Washington-based bank disclosed…
Attempts to remove petrol subsidy by past administrations triggered protests and stiff resistance. After swearing-in on May 29, President Bola Tinubu’s administration removed fuel subsidy in Nigeria. Nigeria’s refineries are…