Return Of Subsidy Could Lead To ₦2,000/Litre Petrol, ₦3,000/$ Exchange Rate

Subsidy return could push petrol to N2,000, dollar to N3,000

The Federal Government has warned that returning to petrol subsidy could push the pump price to N2,000 per litre and weaken the naira to N3,000 per dollar. Read More: https://punchng.com/subsidy-return-could-push-petrol-to-n2000-dollar-to-n3000-fg/

Fuel subsidy return could push petrol to ₦2,000/litre

…Says FX could weaken to ₦3,000/$1 By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has warned that a return to fuel subsidy could push the price of petrol to about ₦2,000 per litre and weaken the naira to as much as ₦3,000 to the […]

Return Of Subsidy Could Lead To ₦2,000/Litre Petrol, ₦3,000/$ Exchange Rate

It argued that if subsidy is returned, Nigerians would pay the price "in inflation and in a collapsing currency".

Nigeria: Petrol subsidy return could push fuel price to ₦2,000/litre, cost govt ₦20trn annually – Oyedele

By Abiodun Folarin WorldStage— The Federal Government of Nigeria has rejected calls for the return of fuel subsidy, warning that any attempt to restore petrol subsidy could push the pump price to about ₦2,000 per litre within months, while weakening the naira to as much as ₦3,000 to the dollar. Speaking at a press briefing […]

No Return To Petrol Subsidy—Oyedele

..Says Cost Would Hit N20trn Yearly, Push Naira To N3,000/$ The federal government has ruled out a return to fuel subsidy, saying it would cost more than N20 trillion a year and could push the naira towards N3,000 to the dollar. The minister of finance and coordinating minister of the economy, Professor Taiwo Oyedele, said […]

Oyedele: Return of fuel subsidy will cost Nigeria N20trn annually, destabilise economy

Oyedele said that the recent rise in petrol prices was largely driven by the global conflict and disruptions in international energy supplies.