Fuel subsidy Archives -

Court Orders Tinubu To Explain How Fuel Subsidy Savings Was Spent

Ekweanaedonews12 months ago12 months ago02 mins

The Socio-Economic Rights and Accountability Project (SERAP) on Tuesday revealed that it had obtained a court order mandating President Bola Tinubu to explain how he spent funds saved from the removal of fuel subsidy. The rights organisation detailed that the Federal High Court in Lagos granted the order on Tuesday. “The Federal High Court, Lagos…

How Nigeria’s Fuel Subsidy Removal, FX Unification Can Translate To Economic Growth

Ekweanaedonews1 year ago1 year ago15 mins

The International Monetary Fund, on Friday, said for Nigeria’s fuel subsidy removal policy and foreign exchange unification initiative to translate to economic growth and stability, the Federal Government must collect more taxes to fund the national budget and pay public debts. The IMF Africa Department Director, Abebe Selassie, made the position known during a press…