Diplomacy · Intl
Fuel subsidy would cost Nigeria over N20trn yearly — Minister
Abdulkareem Mojeed · Premium Times
Published 9 Oct 2026, 6:46 am·1 h ago·1 min read
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The Federal Government has rejected calls for the return of petrol subsidy, warning that restoring petrol to its pre-reform price would cost more than N20 trillion annually and could eventually push the exchange rate towards N3,000 to a dollar and petrol prices to at least N2,000 per litre. The post Fuel subsidy would cost Nigeria over N20trn yearly — Minister appeared first on Premium Times Nigeria .
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