In a concerted effort to alleviate the impacts of food shortages and hardships stemming from ongoing reforms, Nigeria has sanctioned a substantial sum of 180 billion naira ($235 million) for its 36 states. This financial injection is intended to enable the procurement of rice and maize, essential staples that have witnessed escalating prices due to Read More…
Tag: fuel subsidy removal
Tinubu seeks N620 bn WB loan to cut fuel subsidy removal impact
Nigeria’s President, Bola Tinubu, made a request to the Senate on Thursday to approve a N62 billion ($800 million) loan from the World Bank. The loan aims to fund a social programme aimed at easing the impact of high fuel prices following the removal of a popular but costly petrol subsidy. In a letter to Read More…