This follows key discussions between Nigerian delegations, led by President Bola Tinubu and attended by the Minister of Power, Adebayo Adelabu and others with Japanese stakeholders, during the Ninth Tokyo International Conference on African Development (TICAD) in Yokohama, Japan. The Nigerian delegation engaged with major energy firms, including Toshiba, Hitachi, and Japan’s Transmission & Distribution […]
President Bola Tiunbu has said that the removal of the oil subsidy by his administration was not to torment Nigerians but to save the country from total collapse. The president who announced the subsidy removal on the day of his inauguration on May 29, 2023, noted that the policy had been yielding positive results for […]
The report covering third quarter and fourth quarter 2023, indicated that Nigerian households reduced their consumption expenditure Year-on-Year (YoY) to -13.7 percent during the period from -12.47 percent in Q4’22. The period covered by the report is approximately six months into the fuel subsidy removal and exchange rate floatation regime, the two policies that drove price instability […]