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BUSINESS● ELEVATED2h ago · Oct 8, 2026, 7:46 PM

Fuel subsidy would cost Nigeria over N20trn yearly — Minister

Premium Times · sub saharan africa

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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