By Cliff Stanley Nigeria’s fuel subsidy debate has entered another politically sensitive phase. On 8 October 2026, the Federal Government announced a 30-day discount on petrol sold through Nigerian National Petroleum Company Limited (NNPC Ltd) stations, with public transport operators
The Federal Government has unveiled a 10-point intervention package to cushion Nigerians from rising petrol prices, including a 30-day discount at NNPC stations, a proposed ₦1,350-per-litre ceiling on petrol landing costs and increased support for vulnerable households and small businesses. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele,
The Federal Ministry of Finance has said Nigeria’s economy is gaining stronger momentum, following a 4.43 per cent year-on-year expansion in real Gross Domestic Product (GDP) in the second quarter of 2026. According to the ministry, the latest figure represents an improvement from the 4.23 per cent recorded in the corresponding quarter of 2025 and […]
The Federal Government has dismissed claims that more than ₦8 trillion—equivalent to about two per cent of Nigeria’s Gross Domestic Product (GDP)—was spent outside the approved budget, describing the reports as inaccurate and misleading. In a statement issued on Sunday, the Federal Ministry of Finance said the allegations, which referenced comments attributed to the
…Targets SMEs and Local Businesses The Federal Ministry of Finance has approved payments to more than 1,240 contractors across Nigeria, in a move aimed at boosting liquidity for businesses and fulfilling the Federal Government’s outstanding financial obligations. According to a statement issued by the ministry, the approval was granted following a comprehensive
By Tanimu Yakubu Those who speak glibly about deficits, debt and fiscal expansion often reveal not economic sophistication, but economic illiteracy disguised as moral outrage. Much of today’s opposition rhetoric confuses accounting identities with ideological slogans and mistakes macroeconomic intervention for recklessness. A modern economy is not managed through market






