Subsidy Return Could Push Petrol Price to N2,000/litre, Oyedele Warns

FG has returned fuel subsidy, won’t admit it — Kenneth Okonkwo

Kenneth Okonkwo has accused Taiwo Oyedele of misleading Nigerians over the Federal Government's 30-day petrol discount, alleging

Subsidy return could push petrol price to N2,000/litre, Oyedele warns

Taiwo Oyedele, minister of finance, has warned that the exchange rate could hit N3,000 to the dollar within months, while petrol could cost at least N2,000 per litre if the government reinstates subsidy.   Oyedele spoke on Thursday at a news conference on petrol subsidy in Abuja.   The minister’s argument comes amid recent calls for the return of the subsidy by labour unions, as presidential aspirants in the 2027 elections also propose to reintr…

FG Warns Petrol Subsidy Could Push Pump Price To N2,000, Dollar To N3,000 - TV360 Nigeria

Finance Minister Taiwo Oyedele says reviving subsidy could trigger capital flight, deplete foreign reserves and reverse recent gains in inflation control, while government explores alternative relief measures….. The Federal Government has warned that a return to petrol subsidy could drive the pump price of petrol to at least N2,000 per litre and push the naira …

Fuel Subsidy Return Could Push Petrol Price to ₦2,000, Minister Warns — Akelicious

Finance Minister Taiwo Oyedele has warned that petrol could cost at least ₦2,000 per litre if the Federal Government restores fuel subsidy. Speaking in Abuja on Thursday, October 8, he said bringing back the policy could weaken government revenue, increase borrowing costs and put further pressure on the naira. Oyedele projected that the naira could […]