Nigeria Won’t Restore Fuel Subsidy
Taiwo Oyedele said the government will keep market pricing as investors were told reforms aim to curb distortions and improve stability.
- On Tuesday in Paris, President Bola Tinubu and Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele met global investors, ruling out any return to fuel subsidies to avoid economic "distortions."
- Earlier, President Tinubu told investors that Nigeria achieved improved foreign exchange stability after removing the "burden" of fuel subsidies, which spurred inflation reaching 19-year highs since the May 2023 policy shift.
- Oyedele pointed to strong economic performance, noting Nigeria recorded 11.2% GDP growth in dollar terms in 2025, reinforcing the administration's goal of building a $1 trillion economy by 2030.
- Investors from major firms including Citibank and Amundi attended the meeting, where officials pledged quarterly publication of financial data to strengthen transparency regarding Nigeria's reform agenda.
- Regarding global developments, Oyedele noted that tensions involving Iran present opportunities for Nigeria to diversify energy sources, while Tinubu pledged to sustain fiscal discipline and policy consistency post-2027.
13 Articles
13 Articles
Finance minister: Nigeria will not return to fuel subsidy
Nigeria will not return to the fuel subsidy regime or impose price controls, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. The minister stated this after meetings with global investors in Paris, France, where President Bola Tinubu and senior government officials engaged international financiers on Nigeria’s economic outlook and reform agenda. Speaking after the sessions, the minister said the governme…
Nigeria won’t return to subsidy, price controls — Finance minister
The finance minister says Nigeria will sustain market-driven reforms and avoid policies that distort the economy following engagements with global investors. The post Nigeria won’t return to subsidy, price controls — Finance minister appeared first on Premium Times Nigeria.
FG’ll not bring back subsidies, nor introduce price controls - Taiwo Oyedele
Nigeria’s finance minister reaffirms the government’s commitment to market-driven economic reforms, stating they will not reintroduce subsidies or price co Read More: https://punchng.com/fgll-not-bring-back-subsidies-nor-introduce-price-controls-taiwo-oyedele/
No Turning Back: Tinubu Government Rules Out Fuel Subsidy Return Despite Rising Cost of Living - TV360 Nigeria
Officials defend market-driven reforms as inflation bites harder and Nigerians grapple with soaring transport and food prices….. The Federal Government has made its position unmistakably clear: fuel subsidy is gone for good. Speaking in Paris during a high-level meeting with global investors, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, dismissed growing calls for the return of petrol subsidies, insisting that…
No Return of Subsidies, No Price Controls, Oyedele Insists
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reaffirmed that the federal government will not reintroduce subsidies or price controls, insisting that the Federal Government is committed to market-driven economic reforms. Oyedele stated this while speaking at an event in Paris after an engagement with global investors on Tuesday, a session […] The post No Return of Subsidies, No Price Controls, Oyedele Insists a…
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