Why Nigeria Must Not Return To Fuel Subsidy – Information Minister - NewsTmes.com.ng
Finance officials said the reforms freed resources for roads, schools and social transfers, while more than 10 million households received support.
4 Articles
4 Articles
Nigeria: Restoring Fuel Subsidy Will Reverse Nigeria's Economic Gains
The renewed call for the restoration of petrol subsidy under any guise demands a clear-eyed examination of what Nigeria has gained from reform and what the country would have to surrender by reversing course.
Daily Trust
P.M. News NigeriaRestoring fuel subsidy will reverse Nigeria’s economic gains
The renewed call for the restoration of petrol subsidy under any guise demands a clear-eyed examination of what Nigeria has gained from reform and what the country would have to surrender by reversing course. The scale of the problem is important to remember. In 2022, when Nigeria was struggling with declining oil production and weak revenues, the country spent about $10 billion on fuel subsidies. The World Bank also warned that the subsidy was …
Why Nigeria Must Not Return To Fuel Subsidy – Information Minister - NewsTmes.com.ng
The Minister of Information and National Orientation, Mohammed Idris, has cautioned against renewed calls for the restoration of petrol subsidy, saying such a move would reverse the economic gains recorded since the Federal Government embarked on major reforms in 2023. Idris said Nigeria must resist the temptation to return to a subsidy regime that had … The post Why Nigeria Must Not Return To Fuel Subsidy – Information Minister appeared first o…
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