…African Democratic Congress (ADC), has criticised President Bola Tinubu’s handling of fuel subsidy removal, citing its impact on Nigerians. Amaechi, a former Minister of Transportation and Rivers governor, spoke on Saturday at a town hall meeting in Calabar. He said the government should have consulted economists, poli…

…positive outlook validated reforms implemented under President Bola Tinubu, including fuel subsidy removal, exchange rate unification and tax reforms. He said that its medium-term ambition was to place the country firmly on the path to investment-grade status. It added that the reforms were intended to reduce borrowing…

…structural reforms introduced by President Bola Tinubu's administration.The report said fuel subsidy removal and foreign exchange liberalisation initially caused significant economic volatility, although indicators in early 2026 suggested some stabilisation. Security risks, administrative bottlenecks and the social cos…

…is that whatever is left for Nigeria, we have sustained it almost entirely because of fuel subsidy.” He said the country currently had less than 700,000 barrels of crude oil freely available for allocation to any buyer, including the Dangote Refinery. “I don’t want to go into the technicalities, but the reality is that…

…restoring the subsidy on petroleum products. Recall that Tinubu declared an end to the fuel subsidy regime during his presidential inauguration in Abuja in 2023. The removal led to an increase in the pump price of fuel across the country. On Thursday, Oyedele announced a 30-day fuel price discount at all Nigerian Natio…

…However, the former vice president accused the president of copying his proposal for fuel subsidy removal. Addressing journalists in a video, Atiku said: “Wait a minute Bola, you have borrowed the idea but missed the lesson and Amaechi tried to define the lesson while speaking. “Bola, you are like a dull student who co…

…of the 2027 elections. The Presidency, however, said the initiative was not a return to fuel subsidy, explaining that NNPC Limited would temporarily forgo its retail profit margin and sell petrol at cost, particularly to public transport operators. The government also announced other measures aimed at cushioning the im…

…reforms in order to realise their full benefits. There has been a raging debate over the fuel subsidy with some presidential candidates promising to reintroduce it, if elected into office in next year’s general elections. Nigeria’s economy grew 4.2% in the first half of 2026, up from 3.9% in 2025, driven mainly by serv…

…reports on Thursday, October 8, over claims that the federal government had restored the fuel subsidyFinance Minister confirmed NNPC Limited is offering a margin discount on petrol for 30 days, with public transporters given priority nationwidePresidential aide Bayo Onanuga said the government's announcement has been m…

…three years of subjecting Nigerians to excruciating pain through the reckless removal of fuel subsidy, the collapse of the naira and suffocating economic policies, the Tinubu administration now thinks it can bribe Nigerians with 30 days of cheaper fuel. Nigerians will reject your one-month bribe,” he said. Ologbondiyan…

…the discount would involve selling petrol at cost and would not constitute a return to fuel subsidy. Other proposals include forward sales of crude oil to domestic refiners as production increases, with the aim of improving supply certainty and reducing exposure to global market fluctuations.Oyedele said the government…

…to ease the immediate burden of higher petrol prices without returning to a blanket fuel subsidy. Here are the 10 measures announced by the Federal Government: 1. 30-day petrol discount at NNPC stations The government will offer a margin discount on petrol dispensed by the Nigerian National Petroleum Company Limited fo…

…From breaking news to viral moments. Follow Legit.ng on Instagram!How the proposed fuel subsidy plan would workAmaechi explained the mechanics of the plan using a practical example. If crude oil fetches N15,000 per unit on the international market, Nigerian refineries would buy it at N10,000.The N5,000 difference would…

…market prices was unfair, particularly for low-income earners. He described the current subsidy framework as a deception and said local consumption should be priced according to what it costs to produce the fuel, not what it trades for on the global market.PAY ATTENTION: From breaking news to viral moments. Follow Legi…

…of Aviation and Aerospace Development, Festus Keyamo, has said the removal of the fuel subsidy has helped President Bola Tinubu’s administration to increase investment in critical aviation infrastructure, with about $500m raised for the reconstruction of the Lagos airport and other need-specific aviation infrastructure…

…saying the nation was “teetering on the verge of collapse” before the withdrawal of fuel subsidy and unification of exchange rates. The Vice President urged Nigerians to be “generous” to a leader he credits with saving the economy. Speaking after a meeting with Tinubu at the President’s Lagos residence, Shettima said t…

…greet them. During the interaction, the issue of Atiku’s campaign promise to restore the fuel subsidy was raised. Amaechi told the crowd that an administration led by Atiku would seek to reduce the cost of petrol by lowering production costs. “We will reduce the cost of producing fuel. We will bring down the production…

…in Ogun State, Rotimi Babajide, has criticised the impact of the Federal Government’s fuel subsidy removal, saying Nigerians are yet to see tangible benefits from the policy despite the sharp increase in petrol prices. Speaking with newsmen in Abeokuta on Saturday, Babajide said Nigerians were currently buying petrol a…

…television stations, including Channels TV, Tinubu said there was no going back on fuel subsidy removal, which had brought the price of fuel to between N1,370 and N1,423 per litre in Abuja and its environs. The speech attracted reactions from Nigerians, including opposition leaders. The presidential candidate of the Af…

…moments. Follow Legit.ng on Instagram!Oriri pointed specifically to the removal of the fuel subsidy, foreign exchange reforms, and ongoing fiscal and tax adjustments as bold steps the administration had taken. He said these decisions, while difficult, were necessary to put public finances on a more stable footing and c…

…will have to come down because there’s no money for anybody to steal,” Amaechi said. Fuel subsidy removal comes under criticism Amaechi also questioned the benefits Nigerians have received since President Bola Tinubu’s administration removed the petrol subsidy. He argued that the policy had not translated into sufficie…

…must never diminish our common identity as Nigerians,” he said. The post We won’t return fuel subsidy, FG declares at Independence lecture appeared first on Vanguard News.

…including the pandemic, inflation, natural disasters and conflict, while noting that fuel subsidy removal and exchange-rate reforms worsened living costs in the short term. The third proposed $500m facility is for the Nigeria Early Childhood Development programme, with an estimated approval date of March 15, 2027, a da…

…this with the situation before President Bola Tinubu's administration removed the fuel subsidy, noting that the previous N30,000 wage could buy around 118 litres at the April 2023 national average price of N254.06 per litre.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!"The payslip ha…

…the Promotion of Private Enterprise pushed back against calls to restore the universal fuel subsidy regimeCPPE CEO Dr Muda Yusuf urged the government to channel subsidy savings into transport, energy, food security and MSMEsPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Motorists across Nigeria ar…