Fuel subsidy controversy: Economists, IPMAN, PETROAN take stand
Economists and stakeholders in Nigeria’s petroleum sector have weighed in on the ongoing debate over fuel subsidy amid volatility in the prices of Premium Motor Spirit, PMS, and other petroleum products. DAILY POST reports that the presidential candidate of the African Democratic Congress, ADC, and former Vice President, Atiku Abubakar, recently reignited the debate over […] Fuel subsidy…
Economists and stakeholders in Nigeria's petroleum sector have weighed in on the ongoing fuel subsidy controversy. Former Vice President Atiku Abubakar has proposed restoring fuel subsidies as part of his economic recovery plan, while President Bola Tinubu recently removed the policy. The removal of fuel subsidies has led to a significant increase in petrol prices, contributing to higher inflation and living costs.
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