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Nigeria: Fuel Subsidies - They're Bad for the Economy, but the Lifeblood of Politicians
The Conversation Africa, 4 November 2021
Nigeria, Africa's biggest oil producer, has come under fire from the International Monetary Fund as well as World Bank for the heavy financial burden it carries in providing… Read more »
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Nigeria: It's Illegal for Govt to Pay Fuel Subsidy From Federation Account - Emir Sanusi
Daily Trust, 27 October 2021
The 14th Emir of Kano and former Central Bank of Nigeria (CBN) Governor, HRH. Muhammad Sanusi II has said the federal government is indulging in illegality by paying petroleum… Read more »
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Nigeria: Govt's Estimate Puts Fuel Subsidy Cost At N1.8trn
Vanguard, 28 September 2021
There are indications that federal government's revenue may be facing increasing pressures as oil revenue continues to falter, dropping about -26% Year-on-Year, YoY, to N393billion… Read more »
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Nigeria: Petrol Subsidy - the Case for Bridging and Ancillaries
This Day, 28 September 2021
In July this year, the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, affirmed that government subsidy on petrol had risen to some N150 billion monthly and… Read more »
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Nigeria: Govt Targets N900bn for Petrol Subsidy in 2022
Daily Trust, 2 July 2021
The federal government is targeting to spend N900 billion on subsidizing petrol next year. Read more »