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Fuel subsidy

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Subsidy Removal Best Thing for Nigeria, NRS Chairman Tells Tinubu

Politics & Governance / Leave a Comment

The chairman of the NRS has publicly endorsed President Bola Tinubu’s decision to scrap Nigeria’s long-standing petrol subsidy, describing the policy as the best thing to happen to the country in recent memory. According to channelstv.com, the NRS chairman said the president deserved commendation for acting on an issue previous administrations had avoided. The removal […]

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Nigeria spent N1.16 trillion on fuel subsidy in 2021, RMAFC says

Economy & Business / Leave a Comment

Nigeria’s federal government spent N1.16 trillion on fuel subsidy payments in 2021, according to figures disclosed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), as reported by Peoples Gazette Nigeria. The commission, which is constitutionally mandated to monitor federal revenue and advise on fiscal policy, said the figure reflected the cost of maintaining the

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