He said this in a chat with newmen at his Bourdillon residence in the highbrow Ikoyi area of the state. Tinubu said that the removal of the petrol subsidy some 18 months ago increased competition within the sector and that the pump price of petrol gradually crashed. The All Progressives Congress, APC, chieftain also said […]
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 […]
He noted that while Tinubu was a friend of Abiola before his death, the squabble over the running of his father’s asset shouldn’t be witnessed while Tinubu is in office. Abdulmumuni had also accused Kola and his sister, Wura, of independently running the oil company, one of their father’s many enterprises, without the consent of […]
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 […]