fuel subsidy

  1. Femi Otedola Sues Ex-VP’s Aide, Urges Tinubu to Release Subsidy Report

    Nigeria Femi Otedola Sues Ex-VP’s Aide, Urges Tinubu to Release Subsidy Report

    The Digest: Billionaire businessman Femi Otedola filed a ₦1 billion libel suit against Umar Sani, a former media aide to ex-VP Sambo, for linking him to subsidy fraud. Simultaneously, Otedola urged President Tinubu to release the full Aigboje Aig-Imoukhuede probe report. Key Points: Femi...
  2. Otedola Alleges N2 Trillion Siphoned Through Subsidy Claims Under Jonathan Administration

    Nigeria Otedola Alleges N2 Trillion Siphoned Through Subsidy Claims Under Jonathan Administration

    The Digest: Billionaire businessman Femi Otedola has claimed that over N2 trillion was siphoned through questionable petrol subsidy claims linked to depot licenses during former President Goodluck Jonathan’s administration. The statement came as Otedola defended the Dangote Refinery in its...
  3. Emir Sanusi Backs Fuel Subsidy Removal, Says It Saved Nigeria from Bankruptcy

    Nigeria Emir Sanusi Backs Fuel Subsidy Removal, Says It Saved Nigeria from Bankruptcy

    The Digest: Former Central Bank Governor and Emir of Kano, Muhammadu Sanusi II, has strongly defended the removal of the petrol subsidy, stating it prevented Nigeria from impending bankruptcy. Speaking at the Kano International Poetry Festival, the monarch argued that the subsidy regime was...
  4. FG Says State Revenues Doubled After Fuel Subsidy Removal

    Nigeria FG Says State Revenues Doubled After Fuel Subsidy Removal

    The Digest: The Federal Government has announced that the removal of the petrol subsidy has more than doubled the revenue for state governments. Coordinating Minister of Finance, Wale Edun, said the tough decision was necessary to restore economic confidence and redirect funds to critical...
  5. CNG Price Doubles to ₦450 as Government Reduces Subsidy

    Nigeria CNG Price Doubles to ₦450 as Government Reduces Subsidy

    The Digest: The Federal Government's push for Compressed Natural Gas (CNG) as an affordable alternative to petrol is facing a new challenge. The price of CNG has nearly doubled to ₦450 per standard cubic meter after the government reduced its subsidy. Key Points: The price of CNG has risen...
  6. Tinubu Reveals Where Subsidy Removal Funds Are Really Going

    Nigeria Tinubu Reveals Where Subsidy Removal Funds Are Really Going

    The Digest: President Bola Ahmed Tinubu has clarified how funds from the petrol subsidy removal are being used, stating that the money is directed toward infrastructure development and human capital building. The removal has significantly boosted Nigeria’s fiscal strength. Key Points...
  7. "Shallow Economics?” - Presidency Dismisses Obi’s Subsidy Critique

    Nigeria "Shallow Economics?” - Presidency Dismisses Obi’s Subsidy Critique

    Peter Obi says he’d have removed fuel subsidy and floated the naira, just not like this. The presidency clapped back, accusing him of lacking the knowledge to lead. Obi, on Arise TV, supported subsidy removal but criticised its “haphazard” rollout Asked about alternative plans, he insisted he’d...
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