…the period. The report attributed the improvement partly to exchange-rate reforms, petrol subsidy removal, stronger revenue administration and increased allocations from the federation account.See more Punch stories on Google.Add Punch on Google It said states also benefited from refunds, settlement of longstanding fed…

…as Nigerians continue to feel the impact of high fuel costs following the removal of the petrol subsidy. The Tinubu administration has consistently maintained that returning to full subsidy payments is not its policy direction.By limiting the discount to NNPC stations and prioritising public transporters, the scheme ap…

…Google.Add Punch on Google Among the most significant measures were the removal of the petrol subsidy, reforms to the foreign exchange market and changes to electricity tariffs. The Federal Government has repeatedly defended the reforms as necessary to address distortions that had weighed on public finances, discourage…

…Tinubu’s policies, the Vice President insisted that the decisions to remove the petrol subsidy and realign multiple exchange rates were “far-reaching” and necessary to avert economic disaster. “As usual, impactful decision-making that will touch the lives of the Nigerian people. It’s absolutely essential that Nigerians…

…Democratic Congress, Atiku Abubakar on Friday faulted the government’s handling of petrol subsidy removal, as he expressed deep sympathy for Nigerians struggling under the weight of surging transport, food and energy costs. The former vice president pledged a direct policy shift if elected, declaring, “I will make life…

…Amaechi also linked the increase in food and transportation costs to the removal of petrol subsidy. “He just held microphone and didn’t care. He just said remove subsidy. Since he removed subsidy, transportation increased, food prices increased, tomatoes, corn, everything,” he said. He added, “Atiku said he will bring…

…Nigerians have received since President Bola Tinubu’s administration removed the petrol subsidy. He argued that the policy had not translated into sufficient benefits for citizens, while alleging that subsidy-related funds were ending up in private hands. “President Tinubu remove subsidy, what are the benefits of subsi…

…at addressing longstanding structural challenges. Yilwatda cited the removal of the petrol subsidy, foreign exchange reforms, efforts to improve domestic revenue mobilisation, and monetary and fiscal measures as some of the steps taken by the administration. He acknowledged that the reforms had created significant shor…

By Omeiza Ajayi ABUJA: The Federal Government has ruled out a return to the petrol subsidy regime, insisting that the reforms of President Bola Tinubu were necessary to save Nigeria from imminent collapse. Secretary to the Government of the Federation SGF, Senator George Akume, made the declaration on Wednesday in Abuj…

…slammed the continued borrowing despite increased revenues following the removal of petrol subsidy, arguing that the policy had instead coincided with a weaker naira, declining purchasing power and pressure on the productive sector. According to the APM, Nigerians had endured rising taxes and the cost of food, electric…

…administration over the hardship Nigerians have experienced since the removal of the petrol subsidy and other economic reforms introduced in 2023. The demands were contained in a statement on Saturday by Phrank Shaibu, Director of Strategic Communications of the African Democratic Congress Presidential Campaign Council…

…on that figure given the sharp rise in the cost of living since the removal of the petrol subsidy.Legit.ng reports that Phrank Shaibu, Director of Strategic Communications of the African Democratic Congress (ADC) Presidential Campaign Council, issued the statement on Atiku's behalf on Sunday, September 27.Atiku Abubaka…

…of the ADC Presidential Campaign Council, Atiku said Tinubu’s reckless removal of the petrol subsidy sent prices soaring before any credible protection was in place for working families. He said: “The government pulled away the floor, offered workers a flimsy umbrella and now applauds itself while the rain beats down o…

…response to rising transportation and living costs following the removal of the petrol subsidy.He noted that increasing adoption among commercial transport operators, private motorists and fleet managers had resulted in significant fuel savings and improved profitability.According to him, commuters using CNG-powered bu…

The controversy over petrol subsidy removal has intensified ahead of the 2027 elections, with the All Progressives Congress attacking former Vice-President Atiku Abubakar’s plan to restore the subsidy, while the African Democratic Congress challenged the Federal Government to account for the N15.8tn in additional reven…

…the party said. Citing figures attributed to the Minister of Finance, the ADC said petrol subsidy removal and foreign-exchange reforms generated about N15.8 trillion in additional resources for the Federation between June 2023 and December 2025. Of this, N5.4 trillion went to the Federal Government, N5.4 trillion to st…

…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 although subsidy reform might be necessary, it should be implemented gradually and only aft…

…to create a stronger fiscal foundation for development, noting that the removal of petrol subsidy had mobilised N15.8 trillion in additional resources for the Federation between June 2023 and December 2025. According to him, approximately N5.4 trillion accrued to the federal government while about N10.4 trillion went t…

…African Democratic Congress, ADC, Alhaji Atiku Abubakar, over his alleged flip-flops on petrol subsidy, accusing him of political posturing. It also said Atiku was “suffering from a lack of basic understanding of his newfound policy prescription.” Recall that Atiku had said he would return fuel subsidy to assuage the s…

…stage this morning as Atiku Abubakar and President Bola Tinubu trade words over the petrol subsidy removal and the controversial $16bn power projects. Also in focus are Dangote Refinery’s threat to export petrol amid rising imports, INEC’s preparations for the 2027 polls, the EFCC’s move to reward information leading t…

…old allegations to divert attention from questions over the use of revenues saved from petrol subsidy removal. Atiku, in a statement on Wednesday, issued by his SeniorSpecial Assistant on Public Communication, Phrank Shaibu, said the resurfacing of allegations surrounding power-sector projects, privatisation and public…

…during a TV interview.The ADC presidential candidate said his position on restoring petrol subsidy had not changed and would not change.Atiku blamed rising fuel prices under Tinubu's administration for driving up transport and food costs for Nigerian families.

…the African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, to restore petrol subsidy if elected president in the forthcoming 2027 general elections. In a post via X on Wednesday, Special Adviser to President Bola Tinubu on Media and Public Communication, Sunday Dare, described the plan as an ‘arithme…

…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 responsibly.The Labour Party's 2023 presidential candidate said he had outlined a structured plan for subsidy removal in his manifesto before t…

…be invested appropriately,” Obi said. President Bola Tinubu announced the removal of the petrol subsidy on his inauguration day in May 2023, triggering a sharp increase in petrol prices and widespread concerns over the rising cost of living. While the policy has been defended by the Federal Government as necessary to r…