Tag

Fuel Subsidy

Addressing the Effects of Fuel Subsidy removal on Food Insecurity

July 21, 2023

On May 29, 2023, Nigerian President Bola Tinubu announced, in his inaugural speech, the removal of the decade-long subsidy on petroleum products. The new president cited deficit budgetary concerns as the basis of his decision and echoed his desire …

How Fuel Subsidy Removal affects Trade in Nigeria

The Editor

July 3, 2023

Attempts to remove petrol subsidy by past administrations triggered protests and stiff resistance. After swearing-in on May 29, the President Bola Tinubu’s administration removed fuel subsidy in Nigeria. Nigeria’s refineries are non-functional thereby necessitating the continuous importation of refined petroleum. …

1 Comment