The Federal Government is trying to hold the line on two major household costs as Nigerians continue to deal with higher living expenses: electricity tariffs and petrol prices. On September 21, 2026, the Minister of Power, Joseph Tegbe, said there were no plans to increase electricity tariffs for now, following reports that another hike could…
The Nigeria 2027 presidential election is already producing a major debate over what opposition candidates would do differently, with fuel prices and the future of petrol pricing emerging as key issues. Oyo State Governor and Allied Peoples Movement presidential candidate Seyi Makinde has rejected a return to the old fuel subsidy system, instead proposing cheaper…
Nigeria’s fuel subsidy reform is now being tied to one of the country’s biggest long-term challenges: access to education. The Federal Government says the removal of the petrol subsidy generated an estimated ₦15.8 trillion in savings between June 2023 and December 2025. But the government has stressed that this money was not sitting in one…
The Federal Government has released a new Reform Scorecard defending the economic policies of President Bola Tinubu’s administration and arguing that the painful changes of the past three years have helped Nigeria avoid an even deeper economic crisis. Presented by Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele on Wednesday, the scorecard says…
The Federal Government has explained how savings from the removal of fuel and foreign exchange subsidies have been spent, saying the funds have largely gone into servicing debt, paying higher salaries under the new minimum wage, and financing student loans rather than being left idle. Speaking at the 7th African Emerging Markets Forum in Abuja,…
