…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…

…Abubakar, has condemned President Bola Tinubu’s handling of proceeds from the removal of fuel subsidy, accusing the administration of failing to account for the funds even as the Academic Staff Union of Universities ASUU threatens a fresh nationwide strike over unpaid entitlements and unresolved agreements. In a statem…

…shape, predicting that opposition politicians would increasingly make the removal of fuel subsidy a major campaign issue. He, however, maintained that the removal of the subsidy was necessary to save the Nigerian economy, stressing the need for political leaders to prioritise the country’s long-term interests over elec…

…the government’s macroeconomic and fiscal reform programme, including the removal of the fuel subsidy, foreign exchange reforms and changes to the tax system. According to him, the measures were strengthening the economy through improvements in external reserves, a more resilient external position, moderating inflation…

…Government’s intervention in the downstream petroleum sector should not be seen as a fuel subsidy. “We are appealing to the Federal Government to broker a deal with Dangote Refinery to reduce fuel prices. “The government should intervene with Nigerian refiners, and this will lead to a reduction in fuel prices. It is di…

…Niger Delta region. He argued that local refining capacity – rather than debates over fuel subsidy – remains the key to ending Nigeria’s energy crisis. Speaking during an exclusive interview with our correspondent on Monday, Ndu condemned the persistent destruction of local modular setups tagged as illegal oil bunkerin…

…particularly youths, not to support calls by some politicians to return to the fuel subsidy regime. The students’ body said the focus should be on ensuring accountability in the use of savings from fuel subsidy removal rather than advocating a return to the subsidy regime. The National President of NANS, Babatunde Akin…

…Tinubu and his ruling All Progressives Congress APC have restated that the removal of fuel subsidy by his administration was a difficult but necessary decision that redirected national resources into productive sectors, even as the party pushed back against a proposal by former Vice President Atiku Abubakar to restore…

…APC, Prof Nentawe Yilwatda, warned that Atiku’s proposal to return Nigeria to the old fuel subsidy regime could reverse the economic gains recorded under the ongoing reforms, with negative consequences for workers’ wages, education, infrastructure and the fiscal stability of states. The APC national chairman, in a stat…

…campaign, to explain what Nigerians have gained from the N15.8 trillion generated by fuel subsidy removal before dismissing promises of relief as a “lie.” Reacting on Sunday through its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC said Yari’s position was significant because he is now charged with per…

…to step down for one another.Still last week, Obi disagreed with Atiku on removal of fuel subsidy. While Atiku said he would remove fuel subsidy, if elected, Obi disagreed, saying poor implementation and mismanagement of subsidy savings were not enough to discard the policy.Agreeing on policies to pursue and how to imp…

…the fading effects of price adjustments that followed exchange rate liberalisation and fuel subsidy removal, as well as the Central Bank of Nigeria’s restrictive monetary policy stance. The affirmation of the B3 ratings, however, underscores persistent fiscal pressures stemming from still-limited revenue-generation cap…

…President Tinubu on media, fired back at Atiku Abubakar over his renewed push to restore fuel subsidy.The Presidency argued that selling crude to local refineries at preferential prices would punch a hole in the Federation Account.Dare warned that a price gap between Nigeria and neighbouring countries would revive cros…

…among West African countries would be critical to addressing the security challenges. Fuel subsidy removal The ADC presidential candidate also criticised the removal of petrol subsidy by the Tinubu administration, saying the policy had contributed significantly to the economic hardship faced by Nigerians. He said altho…

…of his newfound policy prescription.” Recall that Atiku had said he would return fuel subsidy to assuage the suffering of Nigerians, if elected. But his aide, Paul Ibe, stated on Tuesday that the former vice president would return fuel subsidy but remove it later. However, in a statement by Special Adviser to the Presi…

…is precisely what we are challenging,” he stressed. Tinubu announced the removal of fuel subsidy shortly after his inauguration in May 2023, ending a long-standing system under which the Federal Government subsidised the cost of the product.The government defended the decision as necessary to reduce pressure on public…

…Sani spoke at a press conference in Abuja to reject Atiku Abubakar's plan to restore fuel subsidySani argued Nigeria spent between N3 trillion and N4 trillion on subsidies, calling the policy economically unsustainable for an oil-producing nationThe former senator also weighed in on the 2027 presidential race, declarin…

…the All Progressives Congress, has rejected calls for Nigeria to return to the former fuel subsidy regime, describing such a proposal as economically retrogressive, warning that it could undermine the financial gains accruing to governments from the removal of subsidy. Arise made this remark after the former Vice Presi…

…he tweeted. The former Vice President equally reiterated his commitment to return fuel subsidy if elected president. According to him, subsidy removal had pushed more Nigerians into poverty, emphasising that the responsibility of the government is to protect the welfare of citizens. The ADC presidential candidate noted…

…expected to contest the 2027 general elections.Peter Obi disagrees with Atiku on fuel subsidyMeanwhile, Legit.ng reported that Peter Obi pushed back against Atiku Abubakar's call to restore fuel subsidy.Obi backed the removal of petrol subsidy but said the federal government failed to manage the savings from the policy…

…of the African Democratic Congress, ADC, Atiku Abubakar, over his proposed return of fuel subsidy if elected in 2027. Vanguard also reports that the United States Mission warned Nigerians against submitting fake documents in visa applications. Moving to another newspaper, The Guardian leads with commuters and businessp…