Nigeria: Subsidy Return Will Reverse Economic Gains
- On Monday, Minister of Information Mohammed Idris warned that restoring fuel subsidies would reverse Nigeria's economic gains, arguing that reverting to the previous regime would undermine fiscal progress and weaken investor confidence.
- According to The Reform Scorecard presented by the Federal Government, subsidy savings mobilized N15.8 trillion in resources for the Federation between June 2023 and December 2025, released within the Federation's wider fiscal system.
- Strategic infrastructure projects received approximately N6.47 trillion in additional expenditure, while more than 400 billion supported social investment initiatives including NELFUND and CREDICORP; social transfers reached more than 10 million Nigerian households.
- While African Democratic Congress presidential candidate Atiku Abubakar pledged to reinstate the subsidy if elected in 2027, Idris warned that restoring the regime would recreate the fiscal pressures and fuel scarcity of 2022.
- Questioning the path forward, Idris urged citizens to confront the real opportunity costs of restoring subsidies, asking whether funds should support student loans or return to the old regime, maintaining that Nigeria cannot build a productive economy by revisiting past models.
19 Articles
19 Articles
FG: Returning to fuel subsidy will reverse Nigeria’s...
The Federal Government has warned that any attempt to restore petrol subsidy could reverse Nigeria’s economic gains, weaken investor confidence and worsen pressure on public finances. Minister of Information and National Orientation, Mohammed Idris, gave the warning in an opinion article published on Monday, August 24, 2026, titled “Restoring Fuel Subsidy Will Reverse Nigeria’s Economic Gains.” Idris argued that returning to the subsidy regime w…
Subsidy reversal will worsen Nigeria’s economy - Information Minister knocks Atiku
The Minister of Information and National Orientation, Mohammed Idris, says going back to fuel subsidy will have a negative impact on Nigeria’s economy. In a statement issued through his media aide, Rabiu Ibrahim, on Monday in Abuja, the minister said reversing the subsidy would undermine Nigeria’s improving fiscal position and weaken investor confidence. According to […] Subsidy reversal will worsen Nigeria’s economy – Information Minister knock…
Restore petrol subsidy or fund student loans, minister question critics
Information Minister Mohammed Idris defends petrol subsidy removal, questioning critics on alternative funding for student loans, infrastructure, and socia Read More: https://punchng.com/restore-petrol-subsidy-or-fund-student-loans-minister-question-critics/
Idris Warns Against Fuel Subsidy Return, Says It Could Reverse Nigeria’s Economic Gains
By Faith Anisiobi, The Sight News The Minister of Information and National Orientation, Mohammed Idris, has cautioned against calls for the restoration of petrol subsidy, warning that such a move could weaken Nigeria’s improving fiscal position, undermine investor confidence and reverse gains recorded under the economic reforms of President Bola Ahmed Tinubu’s administration. Idris made the position known in an opinion article published on Monda…
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