fuel subsidy removal

  1. Even My Wealthy Uncle Suffered During Naira Shortage – Tinubu

    Nigeria Even My Wealthy Uncle Suffered During Naira Shortage – Tinubu

    President Tinubu revealed how his wealthy uncle struggled to access cash during the 2023 naira scarcity. Speaking at an Iftar event, he admitted nearly quitting the presidential race but remained resolute. He also defended his fuel subsidy removal, emphasizing the need for tough decisions in...
  2. Tinubu Reveals He Nearly Withdrew from 2023 Election

    Nigeria Tinubu Reveals He Nearly Withdrew from 2023 Election

    President Bola Tinubu revealed that he almost dropped out of the presidential race but was persuaded to continue by former Katsina Governor Aminu Masari. Speaking at a special Iftar, Tinubu recalled doubts from a family member and shared how key allies helped him push forward amid challenges...
  3. Tinubu Defends Tough Economic Decisions, Says Relief Is Near

    Nigeria Tinubu Defends Tough Economic Decisions, Says Relief Is Near

    President Bola Tinubu has defended his administration’s economic policies, stating that Nigeria would have faced bankruptcy without urgent reforms. He assured Nigerians of economic stabilization while highlighting key initiatives like NELFUND and CREDICORP. Former lawmakers praised these...
  4. Tinubu Defends Fuel Subsidy Removal, Says It’s for the Youth

    Nigeria Tinubu Defends Fuel Subsidy Removal, Says It’s for the Youth

    President Bola Tinubu defended his removal of fuel subsidies, stating it was necessary to protect Nigeria’s youth and future generations. Speaking at the National Youth Congress Planning Committee inauguration, he emphasized economic stability, infrastructure investment, and youth empowerment as...
  5. Akpabio Backs Tinubu’s Reforms, Claims Nigeria’s Economy Is on the Right Track

    Nigeria Akpabio Backs Tinubu’s Reforms, Claims Nigeria’s Economy Is on the Right Track

    Senate President Godswill Akpabio praises President Bola Tinubu's economic reforms, highlighting the removal of the fuel subsidy and the passage of Nigeria's largest-ever budget. Akpabio expresses confidence in the country’s economic recovery and diversification beyond oil, signaling a positive...
  6. Tinubu Boasts Fuel Subsidy Removal Has Tripled State Allocations

    Nigeria Tinubu Boasts Fuel Subsidy Removal Has Tripled State Allocations

    President Bola Tinubu defends fuel subsidy removal, stating that state allocations have tripled, enabling development projects. Speaking at an APC meeting, he dismissed opposition criticism, insisting reforms were necessary for economic stability. While some praise the move, others argue...
  7. Uzodimma Calls Fuel Subsidy Removal a Blessing for State Governments

    Nigeria Uzodimma Calls Fuel Subsidy Removal a Blessing for State Governments

    Imo Governor, Hope Uzodimma, has praised the removal of fuel subsidies, calling it a direct blessing for state governments. The policy has increased revenue allocations, enabling greater investments in infrastructure and public services. Uzodimma emphasized that this increased funding allows...
  8. Senate President Akpabio Credits Tinubu for Tackling Nigeria’s Economic Crisis

    Nigeria Senate President Akpabio Credits Tinubu for Tackling Nigeria’s Economic Crisis

    Senate President Godswill Akpabio praised President Bola Tinubu for addressing Nigeria's severe economic challenges. Akpabio called the country "on life support" when Tinubu assumed office in May 2023. The reforms introduced, including tax bills and subsidy removals, are crucial for Nigeria's...
  9. World Bank Disburses $1.5 Billion to Nigeria for Fuel Subsidy and Tax Reforms

    Nigeria World Bank Disburses $1.5 Billion to Nigeria for Fuel Subsidy and Tax Reforms

    Nigeria receives a $1.5 billion loan from the World Bank to support fuel subsidy removal and tax reforms. The loan, disbursed in two tranches, strengthens the government's economic stabilization efforts. It follows a series of reforms, including deregulating the fuel market and submitting a tax...
  10. Reuben Abati Reveals No Pre-Submitted Questions in President Tinubu’s Media Chat

    Nigeria Reuben Abati Reveals No Pre-Submitted Questions in President Tinubu’s Media Chat

    Reuben Abati, who moderated President Bola Tinubu’s recent media chat, revealed no questions were pre-submitted or vetted. The President discussed key national issues, including fuel subsidy removal, tax reforms, and cabinet changes, expressing confidence in his administration's future despite...
  11. Femi Adesina: Buhari Kept Petrol Subsidy to Protect Ordinary Nigerians

    Nigeria Femi Adesina: Buhari Kept Petrol Subsidy to Protect Ordinary Nigerians

    Former President Muhammadu Buhari refrained from removing petrol subsidies during his tenure to protect ordinary Nigerians, Femi Adesina reveals. The decision, rooted in Buhari’s compassion for the poor, was described as prioritizing societal stability. Adesina highlights Buhari’s enduring...
  12. President Tinubu Reassures Nigerians of Brighter Future Despite Economic Challenges

    Nigeria President Tinubu Reassures Nigerians of Brighter Future Despite Economic Challenges

    President Bola Tinubu defends his economic policies, including the removal of fuel subsidies and exchange rate unification, stating they are yielding positive results. He reassures Nigerians that the economy and security are improving, and by God's grace, every household will benefit from a...
  13. Nigeria’s Finance Minister Credits Tinubu for Saving Economy by Ending Fuel Subsidy

    Nigeria Nigeria’s Finance Minister Credits Tinubu for Saving Economy by Ending Fuel Subsidy

    Wale Edun, Nigeria's Finance Minister, praised President Bola Tinubu’s decision to end the fuel subsidy, which saved the country five percent of its GDP annually. He highlighted that the move would benefit all levels of government, boost infrastructure, and attract private sector investments...
  14. Adeboye: Divine Intervention Prevented ₦10,000 to $1 Exchange Rate

    Nigeria Adeboye: Divine Intervention Prevented ₦10,000 to $1 Exchange Rate

    Pastor Enoch Adeboye of RCCG states that Nigeria's exchange rate could have reached ₦10,000 to $1 without divine intervention. Speaking at the Special Holy Ghost Congress in Abuja, he linked the country’s financial struggles to dependence on fuel imports, highlighting the need for divine help...
  15. Peter Obi Challenges FG: Where Are the Savings from Fuel Subsidy Removal?

    Nigeria Peter Obi Challenges FG: Where Are the Savings from Fuel Subsidy Removal?

    Peter Obi urges the Nigerian government to ensure transparency in the allocation of funds saved from the removal of fuel subsidies, highlighting rising debts and living costs. He calls for accountability and dialogue with protesters while focusing on current national struggles over future...
  16. Keneth Okonkwo Questions Nigerians' Silence as Petrol Price Hits N1,000 per Litre

    Nigeria Keneth Okonkwo Questions Nigerians' Silence as Petrol Price Hits N1,000 per Litre

    Kenneth Okonkwo, actor turned politician, criticizes Nigerians for not protesting the recent petrol price hike to N1,000 per liter. He contrasts this with past protests against lower price hikes, highlighting the irony of current leaders' silence. Okonkwo's remarks follow President Tinubu's...
  17. President Tinubu Assures Nigerians of Brighter Future Despite Current Hardships

    Nigeria President Tinubu Assures Nigerians of Brighter Future Despite Current Hardships

    President Bola Tinubu has urged Nigerians to remain patient amid economic hardships caused by fuel subsidy removal. In a recent address, he acknowledged the delays in implementing his administration's plans but assured that future policies will lead Nigeria to a more prosperous era In a...
  18. [VIDEO] Tinubu's Leaked Speech: Nigerians Read Along Live During Broadcast

    Nigeria [VIDEO] Tinubu's Leaked Speech: Nigerians Read Along Live During Broadcast

    President Tinubu’s speech on the fuel subsidy and protests was leaked online before its national broadcast, revealing his decision to permanently remove the subsidy. Nigerians reacted with a mix of frustration and satire, highlighting ongoing discontent with the administration's economic...
  19. President Tinubu Addresses Nation, Seeks Calm and Dialogue Over Economic Reforms

    Nigeria President Tinubu Addresses Nation, Seeks Calm and Dialogue Over Economic Reforms

    President Bola Tinubu urges an end to protests against high living costs and fuel subsidy removal, calling for dialogue to address concerns. Tinubu emphasizes the necessity of recent economic decisions and commits to good governance. Despite the unrest, he rules out reversing the subsidy...
  20. Shettima: Nigeria's Fate Under Tinubu's Economic Policies Inevitable Post-Buhari

    Nigeria Shettima: Nigeria's Fate Under Tinubu's Economic Policies Inevitable Post-Buhari

    Vice-President Kashim Shettima has recently addressed Nigeria's economic challenges, attributing them to the policies of the previous administration under President Muhammadu Buhari. Speaking at the 2nd Chronicle Roundtable in Abuja, Shettima emphasized that the economic crisis inherited by...
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