FG Warns Return Of Fuel Subsidy Can Trigger Capital Flight

Fuel subsidy return could push Naira to ₦4,000/$

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that a return to petrol subsidy could trigger capital flight, weaken investor confidence and push the naira to between ₦3,000 and ₦4,000 to the dollar. Oyedele gave the warning on Monday during a press briefing at the International Monetary Fund and World […]

Fuel subsidy return could push Naira to N4,000/$, Oyedele warns

Finance Minister Taiwo Oyedele warns that returning to petrol subsidy could trigger capital flight and push the naira to N4,000 per dollar. Read More: https://punchng.com/fuel-subsidy-return-could-push-naira-to-n4000-oyedele-warns/

FG Warns Return Of Fuel Subsidy Can Trigger Capital Flight

Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele argued that any signal of a possible return to subsidies could prompt investors to withdraw their capital, putting pressure on the foreign exchange market and the naira.

Subsidy Return: International investors, markets have written off Nigerian opposition politicians as unserious, says Oyedele

“I concluded that the markets, including the domestic market—because that you can read from the capital markets—and the international markets, have largely, largely written off the opposition in Nigeria as being unserious. That is why they have not priced in the proposed return of subsidy,” Mr Oyedele said.

Fuel Subsidy Return Could Push Naira to ₦4,000 to a Dollar, Oyedele Warns

By Maryanne Awuya Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele has warned that even considering a return to petrol subsidy could trigger capital flight and push the naira towards ₦3,000, ₦3,500 or even ₦4,000 per dollar. Oyedele gave the warning at the closing press briefing of the 2026 International Monetary Fund […]

FG warns naira could crash if fuel subsidy returns

Minister Taiwo Oyedele warns that restoring petrol subsidies could weaken the naira to N4,000 per dollar, trigger capital flight and undermine investor confidence.