…political experiment.” According to him, key reforms, including the removal of fuel subsidy, exchange rate adjustments and fiscal restructuring, were introduced to reposition the economy for sustainable long-term growth. He argued that the policies, though difficult, had started yielding results and should be strengthe…

…was laying the foundation for long-term, inclusive growth through reforms such as fuel subsidy removal, exchange rate unification and changes in the oil and gas sector. While acknowledging that the reforms have imposed short-term hardships, he argued that they are necessary to address long-standing structural challenge…

…local government received over a billion naira per month, from statutory allocation, subsidy funds, excess crude and IGR, yet our local government areas remain underdeveloped. The big question is, what are they doing with the funds. “In the current dispensation, local governments could propose a yearly budget of over 1…

…embraced cost-reflective tariffs, stressing that the government could no longer sustain subsidy payments. “The problem in Nigeria is that Nigerians also need to decide how we see power. Do we see power as a social responsibility of the government or do we see power as a commercial commodity that needs to be paid for? I…

…N210 trillion. There were also questions around N3.8 trillion in alleged duplicated subsidy deductions, N5 trillion booked as direct production costs and N5.9 billion in incorporation costs during the transition from NNPC to NNPCL. All deserved scrutiny. Dankwambo ensured they got it. From day one, he made it clear thi…

…The government has repeatedly demonstrated this tendency in previous policies like subsidy removal, clemency for Maryam Sanda, the Niger Republic sanctions, student loans, and so on. The moral burden of the policy is even more important, and it is not diminished by the reversal. Last year, some 1,973,253 candidates reg…

…years, Nigerians have been subjected to relentless hardship. They were told that fuel subsidy removal, exchange rate unification, higher taxes and rising tariffs were bitter pills that would eventually restore economic stability. Yet today, the same government cannot explain how more than ₦210 billion found its way int…

…that have characterised the downstream petroleum market since the removal of petrol subsidy. At the beginning of 2026, the NMDPRA reported that PMS stock sufficiency had risen to 33 days in January, compared with 29.2 days in December 2025. However, the stock position subsequently declined before recovering to 19.7 day…

…is seeking to demonstrate that reforms introduced in 2023, including scrapping a fuel subsidy and liberalising the naira, applauded by lenders and investors, are translating into broader gains for Nigerians after driving up inflation and living costs. Recall that the International Monetary Fund (IMF) said in June that…

…prosperity,” he explained. “The administration inherited multiple exchange rates, fuel subsidy distortions, weak public finances, and an inefficient tax system that imposed heavy compliance costs on businesses,” Oyedele said. He continued, “We chose reform over postponement because delaying difficult decisions would ha…

…of humans” had left ordinary Nigerians exposed, recalling that after the 2023 fuel subsidy removal, “some families were saying that they can no longer even afford three square meals, while their children go to school without food.” Odo questioned the celebration of macroeconomic stabilisation amid rising poverty, askin…

…reforms introduced by the Bola Tinubu administration, including the removal of petrol subsidy, exchange rate liberalisation, tighter monetary policy and tax reforms. According to the Bank, the reforms have begun to improve macroeconomic indicators. Economic growth increased from 3.5 per cent in the first half of 2024 t…

…Tinubu for a second term to consolidate ongoing reforms, noting that the removal of fuel subsidy, exchange rate unification and other economic policies had increased government revenue, improved investor confidence and boosted federal allocations to states. “Leadership is not about perfection; it is about progress. The…

…the Igbos really disliked Tinubu. But why? Well, because Tinubu's removal of the fuel subsidy and scrapping of the fixed exchange rates hurt the Northern elite, which, for years, benefitted from the distorted subsidy and exchange-rate regimes. The North also hated his "sensible" decentralisation" agenda and "meritocrat…

…The President said his administration’s recent economic reforms, such as ending the fuel subsidy and tackling multiple exchange rates, are essential steps to combat corruption and ensure economic survival. He emphasised that Africa possesses enormous potential and must move beyond endless conversations about developmen…

…with the implementation of major economic reforms, including the removal of the petrol subsidy and the liberalisation of the foreign exchange market, both of which contributed to sharp increases in inflation and the cost of living. The World Bank has consistently maintained that the reforms are necessary to restore mac…

…alone. The hardship imposed on ordinary Nigerians has been severe and visible. Fuel-subsidy removal pushed transport costs sharply upward, while exchange-rate volatility fed into the prices of food, drugs and imported essentials. Public servants, teachers, junior workers and private-sector employees on fixed salaries h…

…despite persistent blackouts and operational challenges in the power sector, with the subsidy bill averaging over N119bn monthly as the government continues to freeze end-user tariffs. The Nigerian Electricity Regulatory Commission disclosed this in its First Quarter 2026 report, stating that the subsidy arose from the…

…He argued that while Nigerians had been subjected to economic reforms, including fuel subsidy removal, exchange rate adjustments and high interest rates, significant public funds were allegedly being spent outside official budgetary processes. The former vice president maintained that greater fiscal transparency could…

…given that unprecedented funds have been accruing to it following the removal of fuel subsidy by President Bola Tinubu, to enable states to have the necessary support and resources to confront security challenges within their territories. The statement further read: "It is both unfortunate and unacceptable that despite…

…levels in decades - 40.9 per cent in June 2024 - following the removal of the fuel subsidy and the devaluation of the naira, both policies implemented by the Tinubu administration. In the run-up to the 2027 presidential contest, all presidential candidates, including the incumbent, are expected to make the same case fo…

…is that entrepreneurs are dealing with increasing cost pressure. The removal of fuel subsidy significantly affected input costs for many businesses. Those who depend on imports are struggling with tight margins due to exchange rate challenges, while local businesses are also affected because customers' purchasing power…

…over the high cost of living, which has been largely caused by the removal of the fuel subsidy and other recent government policies. The Senate President claimed that the administration is executing its long-term approach to governance. "When we came into office, we did not promise you miracles that would appear from t…