Oyedele: Fuel subsidy savings inadequate for Nigeria’s 200 million citizens
Presidential tax reform chief Taiwo Oyedele says savings from Nigeria’s fuel subsidy removal cannot fund the infrastructure and services needed for a 200-million population.
Fuel subsidy
Nigerians gasp as petrol price climbs to ₦910
Petrol prices in Nigeria have surged to between ₦865 and ₦910 per litre across retail outlets in Lagos and Ogun States, sparking fresh concerns of economic strain.
Ex-EFCC Boss: Fuel subsidy regime was systematically rigged for fraud
He revealed subsidy payments ballooned from ₦200 billion in 2006 to ₦2.1 trillion by 2011, driven by manipulation and regulatory failures.
Nigeria can’t return to petroleum subsidy, it was a scam – Orji Kalu
Senator Orji Uzor-Kalu has said Nigeria must not return to the petroleum subsidy era, describing it as “a very big scam.”