No going back on fuel subsidy removal – Nigerian Govt insists amid hardship

The Federal Government says it will not bring back fuel subsidy or multiple exchange rates, insisting it will not reverse the reforms introduced by President Bola Tinubu.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said this in a statement on Saturday while responding to concerns over the government’s economic policies ahead of the 2027 general elections.
He spoke on the sidelines of the World Bank and IMF meetings in Bangkok, Thailand.
Oyedele said the government is committed to keeping fuel subsidy removed and the foreign exchange market liberalised, adding that questions about a possible reversal often come up in meetings with rating agencies, inv...