…over the amount workers should earn amid the effects of the removal of petrol subsidy and other economic reforms on transportation, food and household expenses. Organised labour had initially demanded a substantially higher minimum wage, while the government and employers raised concerns about the ability of employers,…

…subsidising selected devices, adding that a phone available for about N50, 000 with a subsidy could cost more than N200, 000 without it. The affordability challenge has intensified as Nigeria’s smartphone market contracted by 11 percent in the second quarter of 2026, according to technology research firm Omdia. Rising…

…costs and the prices of other essential goods following the removal of the petrol subsidy in May 2023, which contributed to rising living costs across the country. Organised labour has repeatedly demanded measures to ease the economic pressure on workers, including reductions in petrol prices, improved wages and the im…

…electricity generation. On economic reforms, he acknowledged that the removal of petrol subsidy, foreign exchange liberalisation and other government policies had imposed significant costs on households and businesses. However, he maintained that improvements in foreign exchange availability had reduced manufacturers’…

…This is the central purpose of NES #32. “Nigeria’s recent reforms, including petrol subsidy removal, foreign exchange liberalisation, fiscal restructuring, tax reforms and recapitalisation of the banking sector, represent significant changes to our economic policy framework. “These measures were necessary to address di…

…and Obi lacked the capacity to manage Nigeria’s economy.Speaking specifically about fuel subsidy, Shettima said Nigeria had served as “Father Christmas” to other African countries during the petrol subsidy era.According to him, the disparity between fuel prices in Nigeria and those in other African countries, including…

…has urged the government to pay eligible retirees three months of outstanding fuel-subsidy palliatives totalling N75,000 and improve access to pensioners’ healthcare benefits. The Nigeria Labour Congress said it expected the Federal Government to present concrete proposals on workers’ outstanding demands when both side…

…was established.Shettima had criticised Atiku over his proposal to restore the petrol subsidy, questioning his ability to manage Nigeria’s modern economy.The Vice President stated that Atiku studied hygiene but cannot differentiate between Ebola and flu, arguing that his proposal would return the country to poverty.In…

Vice President Kashim Shettima has criticised proposals to restore petrol subsidy in Nigeria, warning against reversing economic reforms introduced by President Bola Tinubu. Shettima, who also represented Tinubu at the 32nd Nigerian Economic Summit in Abuja on Monday, questioned the economic judgment of a leading presi…

…NLC's demand comes as Nigerians continue to grapple with the economic fallout from fuel subsidy removal, which sent petrol prices sharply higher and triggered broad increases in the cost of goods and services. Workers' groups have argued that salaries have failed to keep pace with inflation, leaving millions of employe…

…“not in the best interest of Nigerians,” adding, “Nobody can deny that.” On the petrol subsidy, he said fuel affected “everybody and everything,” but argued that a lot of what Nigeria called subsidy was corruption and should be tackled first. He said a country in a very bad economic situation must “curb corruption, was…

…with emphasis on transparency, accountability and reporting on how proceeds from fuel subsidy removal are being used. Speaking at the meeting, Shettima urged state governors and relevant government institutions to ensure that the benefits of President Bola Tinubu’s economic reforms translate into better living conditio…

…while speaking at Chatham House in London, where he defended the removal of the petrol subsidy and the unification of the foreign exchange market, while admitting that food prices and the cost of living remained major challenges. “Macroeconomic stability means little to a mother who still cannot afford food. And to be…

…benefit from government subsidies.“There is no way you can go into food security without subsidy,” he said during a training programme on gender-friendly rice-processing technologies for 20 women’s cooperative groups in Bida, Niger State.The programme was organised by Hello Tractor in collaboration with AGAN and the Fe…

…work with cooperatives and aggregators, not individual farmers, and may need government subsidy to stay affordable. He added that many Nigerian investors seek quick returns, not long-term infrastructure.Country Director, Global Alliance for Improved Nutrition, Dr. Michael Ojo, said cold-chain needs patient capital.“The…

*You’re paying fuel subsidy through back door, APM tells Tinubu *NDC kicks, asks why are our refineries not working? *Magnitude cannot be established by assertion alone – Prof Iledare *Minister must show assumptions, economic model underpinning projection — Egbomeade *You’re the Egypt Nigerians’ll never return to, Atik…

President Bola Tinubu has likened calls for a return to fuel subsidy to asking Moses to return to Egypt, insisting that Nigeria cannot afford to continue paying the subsidy. Tinubu made the comparison on Monday while addressing members of the City Boy Movement, saying the country risked going bankrupt if it continued t…

The International Monetary Fund has advised Nigeria against restoring blanket petrol subsidy, urging the Federal Government to channel support towards vulnerable citizens as rising energy costs put pressure on households. The Director of the IMF’s Fiscal Affairs Department, Rodrigo Valdés, gave the advice on Wednesday…

The International Monetary Fund, IMF, has warned Nigeria against restoring broad petrol subsidy. According to TheCable, the IMF instead recommended targeted support for vulnerable households to cushion the impact of rising energy costs. The international financial body said blanket petrol subsidies were expensive, ofte…

…commodity in question. It is different from rigid price control or applying a permanent subsidy. Actually, the policy was overdue because attendant inflation from the uncontrolled price had caused a lot of damage to the living standards of the citizens. As a consolation and surrender, we say “better late than never”. T…

…for their everyday needs,” he said. Tinubu acknowledged that the removal of the petrol subsidy had created difficulties for many households, but said the decision also placed a responsibility on his administration to provide practical alternatives to reduce transportation costs. He said the government was working with…

…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, political sc…

…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 costs, a…

…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 costs of those…

…domestic refining needs, despite President Bola Tinubu’s decision to remove the petrol subsidy in 2023. Oyedele said the country did not have enough freely available crude oil to supply the Dangote Refinery and other local refiners, explaining that production costs, royalties and contractual obligations significantly r…