Nigeria: Fuel Crisis Deepens, Economists Tell Govt to Act

Nigeria: Fuel Crisis Deepens, Economists Tell Govt to Act

Economic and energy experts have called on the federal government to take immediate steps to cushion the effect of the rising cost of petroleum product triggered by the ongoing war in the Middle East which has disrupted global oil supply chains and driven crude oil prices upward.

Fuel Crisis Deepens, Economists Tell FG To Act

From Abdullateef Aliyu, Dotun Omisakin, Lagos; Ado Musa, Jos; Abdullahi Abubakar Umar, Kano; Mumini AbdulKareem, Ilorin, Baba Martins, Faruk Shuaibu & Dalhatu Liman (Abuja)   Economic and energy experts have called on the federal government to take immediate steps to cushion the effect of the rising cost of petroleum product triggered by the ongoing war in the Middle East which has disrupted global oil supply chains and driven crude oil prices u…

StatePress NG: Fuel Price Surge: Tinubu approves rollout of 100,000 CNG conversion kits Nationwide

FG rolls out CNG kits as petrol, diesel expenditure hovers around N3trn in March

As the Middle East crisis worsens leading to global disruption in energy needs and supply, and with the United States threatening the ‘most intense day’ of the war and Iran equally vowing revenge, Nigerians are projected to spend close to N3 trillion on petrol and diesel in March as fuel prices remain high despite a […]

Iran War: FG monitoring developments, may adjust policies to protect Nigerians

The Federal Government has said it is closely monitoring global developments following the escalating tensions involving Iran, the United States and Israel, noting that it may introduce policy adjustments to protect the Nigerian economy and citizens.   The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in a statement issued in Abuja on Tuesday.   The statement, signed by the Assistant Director of Informat…

FG Reviews Policy Options To Cushion Middle East Crisis Impact

The Federal Government has begun reviewing policy options to shield Nigeria’s economy from the potential fallout of escalating geopolitical tensions in the Middle East involving the United States, Israel and Iran. The move followed a high-level meeting of the Economic Management Team (EMT), chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to assess possible implications of the crisis for Nigeria’s macro…