[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1haha5ahsyuls":3,"$fxdmxof9qlu4r":49,"$f3g2vfgazl5es6":88,"$f9gu6o9jcsxdi":140,"$f3e3jbbcdn2vfp":1848,"$f5btqexddoxme":1941},{"status_code":4,"message":5,"data":6},200,"Top navigation retrieved successfully",[7,13,19,25,31,37,43],{"id":8,"createdAt":9,"updatedAt":10,"name":11,"slug":12},"b2fd4aec-5546-486a-a3f4-eea60b1434f5","2026-03-26T09:17:24.918Z","2026-04-23T08:59:18.000Z","Hot Topics","hot-topics",{"id":14,"createdAt":15,"updatedAt":16,"name":17,"slug":18},"61adefb2-a0a9-4d1d-a02a-7168a954b173","2026-03-26T09:12:43.334Z","2026-05-21T22:16:04.000Z","Politics","politics",{"id":20,"createdAt":21,"updatedAt":22,"name":23,"slug":24},"412ac379-b7f4-41e6-9284-1b23abd75193","2026-03-26T09:08:28.975Z","2026-04-22T15:05:10.000Z","Global 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successfully",{"id":52,"createdAt":53,"updatedAt":54,"title":55,"excerpt":56,"content":57,"slug":58,"topic":59,"tags":64,"image":75,"author":76,"feed":77,"views":84,"type":85,"readTime":86,"externalSourceUrl":87},"a1a30062-324d-45d7-b413-7a18cd10e649","2026-10-09T10:50:02.922Z","2026-10-09T11:00:14.000Z","2027: ADC Govt. will lower cost of living, reverse fuel subsidy – Amaechi","He said the party’s proposed policy would support domestic fuel production and reduce petrol costs to lower transportation expenses and ease pressure on Nigerians.\nThe post 2027: ADC Govt. will lower cost of living, reverse fuel subsidy – Amaechi appeared first on Vanguard News.","\u003Cimg width=\"255\" height=\"282\" src=\"https:\u002F\u002Fcdn.vanguardngr.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FAmaechi-1.png\" class=\"attachment-large size-large wp-post-image\" alt=\"2027: ADC Govt. will lower cost of living, reverse fuel subsidy – Amaechi\" decoding=\"async\" \u002F>\n\u003Cp class=\"wp-block-paragraph\">The Vice-Presidential Candidate of the African Democratic Congress (ADC), Mr Rotimi Amaechi, says the ADC-led Federal Government will lower the cost of living and reverse the current fuel subsidy if elected into office in 2027.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Amaechi, former Rivers Governor and former Minister of Transportation, made the promise at the ADC town hall meeting held on Thursday in Benin.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He said the party’s proposed policy would support domestic fuel production and reduce petrol costs to lower transportation expenses and ease pressure on Nigerians.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Amaechi said lower transportation costs would also help reduce prices of goods and services, thereby easing the economic burden on households.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He, however, said that poverty would not disappear overnight but would gradually reduce through policies designed to improve the economy and create opportunities for Nigerians.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The ADC vice-presidential candidate also promised that an ADC administration would expand access to education through the provision of more schools.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He said the party would pursue electoral reforms aimed at strengthening the electoral process and restoring confidence in elections.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Amaechi assured Edo residents that an ADC administration would allow them to freely choose their governor rather than have someone imposed on them.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He urged voters to recognise their roles in determining the country’s direction in 2027 through active participation in the electoral process.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Amaechi said voters should not stay away from the polls after voting, emphasising that the responsibility for making the desired change was in their hands.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">On infrastructure, he expressed concern over the condition of major roads linking Edo to other parts of the country, including the Lagos-Benin, Abuja-Benin and East-Benin routes.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He said improving the roads would facilitate the movement of people and goods while supporting economic activities across the country.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Responding to a question on the proposed Gelegele seaport, Amaechi said the project had earlier been brought to his attention when he served as Minister of Transportation.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He said the project would face a major challenge because of the water depth at Gelegele, which he put at about seven metres.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Amaechi said a depth of about 18 metres would be required to accommodate the vessels envisaged for the project, making the location unsuitable for the proposed seaport.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Also speaking, Chief John Odigie-Oyegun, National Leader of the ADC and former Governor of Edo, said the 2027 elections offered Nigerians an opportunity to reflect on previous political choices.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Odigie-Oyegun, who chairs the ADC Policy and Manifesto Committee, said political choices made in 2015, 2019 and 2023 had resulted in consequences Nigerians were now experiencing.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He urged Nigerians to approach the next general elections with greater awareness and understanding of the qualities required in national leadership.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The former Edo governor said effective leadership required discipline, courage and the ability to take decisions in the public interest.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He urged party members and supporters to build a disciplined and united political organisation capable of presenting its programmes to Nigerians ahead of 2027.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The Edo Chairman of the ADC, Chief Tony Alile, said the town hall demonstrated the party’s commitment to engaging with the people ahead of the 2027 general elections.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Alile said Nigeria was facing economic hardship, unemployment, insecurity, declining purchasing power and infrastructure deficits requiring responsive leadership.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Mr Ken Imasuagbon, an ADC chieftain and former Edo governorship aspirant, expressed support for the party’s presidential candidate and his vice, describing Amaechi as “our son”.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Imasuagbon called for peaceful and violence-free elections, urging political actors and voters to resolve differences through dialogue and the ballot.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The News Agency of Nigeria (NAN) reports that the town hall meeting featured the presentation of ADC candidates for various elective positions ahead of the 2027 general elections in the state.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The meeting also featured youth participation and an interactive session on economic hardship, education, women’s participation in politics, electoral reforms, governance, infrastructure and the proposed Gelegele seaport. 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News\u003C\u002Fa>.\u003C\u002Fp>\n","2027-adc-govt-will-lower-cost-of-living-reverse-fuel-subsidy-amaechi",{"id":60,"createdAt":61,"updatedAt":61,"name":62,"slug":63},"5d66d3d9-40ee-493e-9aef-f101a26d4b74","2026-06-23T09:40:58.464Z","PMS","pms",[65,66,67,68,69,70,71,72,73,74],"2027","adc","govt","lower","cost","living","reverse","fuel","subsidy","amaechi","https:\u002F\u002Fcdn.vanguardngr.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FAmaechi-1.png",null,{"id":78,"createdAt":79,"updatedAt":80,"name":81,"image":82,"slug":83},"ba5aa7e2-df4c-43a8-ac43-57e16ebb83a0","2026-03-25T11:54:25.227Z","2026-08-13T13:05:58.759Z","Vanguard 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& Commerce","trade-and-commerce",[1758],{"id":1759,"createdAt":1760,"updatedAt":1760,"name":1761,"slug":1762,"children":1763},"ba43bc02-9b8f-4fc8-9e90-4db01a97cbe7","2026-05-14T08:56:26.041Z","Import & Export","import-and-export",[],{"id":1765,"createdAt":1766,"updatedAt":1766,"name":1767,"slug":1768,"children":1769},"d19b3f92-bf4f-42fc-8115-d5e17ae6830e","2026-07-16T11:35:26.049Z","Civil Service","civil-service",[],{"id":1771,"createdAt":1772,"updatedAt":1772,"name":1773,"slug":1774,"children":1775},"ea4c412a-13c0-4258-8736-c7c42d0147ba","2026-07-14T10:59:08.769Z","Entrepreneur","entrepreneur",[],{"id":1777,"createdAt":1778,"updatedAt":1778,"name":1779,"slug":1780,"children":1781},"eea91b5f-142b-46f1-a99d-07557d24c824","2026-05-14T08:56:55.630Z","Economy","economy",[],{"id":1783,"createdAt":1784,"updatedAt":1785,"name":1786,"slug":1787,"children":1788},"fc53fd41-782d-4c59-8d9c-95416b4395a1","2026-03-26T09:15:14.420Z","2026-05-22T21:57:49.000Z","Crime","crime",[1789,1795,1802,1809,1815,1828,1835,1841],{"id":1790,"createdAt":1791,"updatedAt":1791,"name":1792,"slug":1793,"children":1794},"284988d3-5df0-4450-885b-c72339b3e569","2026-05-27T05:54:43.719Z","EFCC","efcc",[],{"id":1796,"createdAt":1797,"updatedAt":1798,"name":1799,"slug":1800,"children":1801},"4279312f-d771-43fe-87d9-94fb27c423cc","2026-03-30T20:26:16.361Z","2026-06-29T12:49:14.000Z","Kidnapping & Banditry","kidnapping-and-banditry",[],{"id":1803,"createdAt":1804,"updatedAt":1805,"name":1806,"slug":1807,"children":1808},"7d71a44e-8ad3-459b-87ca-44340608ba66","2026-05-12T09:17:22.828Z","2026-05-21T22:09:16.000Z","Police","police",[],{"id":1810,"createdAt":1811,"updatedAt":1811,"name":1812,"slug":1813,"children":1814},"a5e212ca-edf5-4131-b78e-332c32d9e0e1","2026-08-08T00:55:56.482Z","Money Laundering ","money-laundering",[],{"id":1816,"createdAt":1817,"updatedAt":1818,"name":1819,"slug":1820,"children":1821},"b3fbb57a-beaa-409f-b5db-290b46ea8a58","2026-03-26T09:15:35.953Z","2026-05-22T21:59:26.000Z","Insecurity","insecurity",[1822],{"id":1823,"createdAt":1824,"updatedAt":1824,"name":1825,"slug":1826,"children":1827},"8b58bdfc-7eda-4580-9df6-1c0e84676662","2026-08-07T08:26:58.233Z","Security Agencies","security-agencies",[],{"id":1829,"createdAt":1830,"updatedAt":1831,"name":1832,"slug":1833,"children":1834},"bb43406d-7167-428a-98a5-c9b0ae3d225b","2026-04-19T11:23:40.666Z","2026-05-22T22:00:49.000Z","Drug Trafficking","drug-trafficking",[],{"id":1836,"createdAt":1837,"updatedAt":1837,"name":1838,"slug":1839,"children":1840},"edc7ab5a-86a5-4a37-af73-bac317202614","2026-07-22T14:42:24.643Z","Human Trafficking ","human-trafficking",[],{"id":1842,"createdAt":1843,"updatedAt":1844,"name":1845,"slug":1846,"children":1847},"f4a769f7-1ac5-44b9-a955-0883b8ade1dc","2026-03-30T20:25:43.706Z","2026-05-22T22:01:21.000Z","Cyber Crime","cyber-crime",[],{"status_code":4,"message":76,"data":1849},[1850,1877,1900,1919],{"id":1851,"createdAt":1852,"updatedAt":1853,"title":1854,"excerpt":1855,"content":1856,"slug":1857,"topic":1858,"tags":1859,"image":1867,"author":76,"feed":1868,"views":1875,"type":85,"readTime":84,"externalSourceUrl":1876},"2f9b1046-e1b5-4eb9-b08f-9dd5a5cd6be2","2026-10-08T21:12:56.821Z","2026-10-09T13:12:03.000Z","‘What cutting fuel price really means’ – Presidency explains","The Presidency has clarified the Federal Government’s plan to reduce the burden of rising petrol prices on Nigerians. According to the government, the Nigerian National Petroleum Company (NNPC) will suspend its retail profit margin and sell petrol at cost for the next 30 days, targeting vulnerable households and commercial transport operators. The clarification was contained […]\n‘What cutting fuel price really means’ – Presidency explains","\u003Cimg width=\"2197\" height=\"1463\" src=\"https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002Ffuel.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin: auto; margin-bottom: 5px;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002Ffuel.jpg 2197w, https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002Ffuel-300x200.jpg 300w, https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002Ffuel-1024x682.jpg 1024w, https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002Ffuel-1536x1023.jpg 1536w, https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002Ffuel-2048x1364.jpg 2048w\" sizes=\"auto, (max-width: 2197px) 100vw, 2197px\" \u002F>\n\u003Cp>The Presidency has clarified the Federal Government’s plan to reduce the burden of rising petrol prices on Nigerians.\u003C\u002Fp>\n\n\n\n\u003Cp>According to the government, the Nigerian National Petroleum Company (NNPC) will suspend its retail profit margin and sell petrol at cost for the next 30 days, targeting vulnerable households and commercial transport operators.\u003C\u002Fp>\n\n\n\n\u003Cp>The clarification was contained in a statement on Thursday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.\u003C\u002Fp>\n\n\n\n\u003Cp>The Presidency said the new arrangement was announced by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday, as part of fresh measures to cushion the effect of the recent hike in global crude oil and petrol prices.\u003C\u002Fp>\n\n\n\n\u003Cp>Under the plan, NNPC Retail will sell petrol without its usual profit margin during the 30-day period. This means if the landing cost is N1,300 per litre, the company will sell at N1,300 without adding any margin.\u003C\u002Fp>\n\n\n\n\u003Cp>The measure, which has the backing of President Bola Tinubu, is expected to prioritise public transport operators and offer some relief to households struggling with high transport and living costs.\u003C\u002Fp>\n\n\n\n\u003Cp>Oyedele stressed that the decision should not be seen as a return to the petrol subsidy removed by Tinubu on May 29, 2023. He expressed hope that other marketers would take a cue from NNPC as the government responds to rising global prices.\u003C\u002Fp>\n\n\n\n\u003Cp>The Presidency added that the increase in international crude prices and its pressure on local petrol prices are not expected to last forever, hence the need for a temporary measure to ease the burden on Nigerians without rolling back fuel market reforms.\u003C\u002Fp>\n\n\n\n\u003Cp>“The Nigerian National Petroleum Company (NNPC) agreed today to forgo its petrol retail profit margin and sell to Nigerians at cost to cushion the impact of global crude oil price shocks and volatility on vulnerable households.\u003C\u002Fp>\n\n\n\n\u003Cp>“NNPC Retail, which already sells petrol at the lowest price in the market, will offer this new deal within the next 30 days. This means if NNPC’s landing cost is N1,300, it will sell fuel to Nigerians, especially commercial transport operators, at the same price.\u003C\u002Fp>\n\n\n\n\u003Cp>“The company’s discount gesture, backed by President Bola Ahmed Tinubu, was among the raft of measures the Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, announced today,” the Presidency said in a statement.\u003Cbr>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fdailypost.ng\u002F2026\u002F10\u002F08\u002Fwhat-cutting-fuel-price-really-means-presidency-explains\u002F\">‘What cutting fuel price really means’ – Presidency explains\u003C\u002Fa>\u003C\u002Fp>\n","what-cutting-fuel-price-really-means-presidency-explains",{"id":60,"createdAt":61,"updatedAt":61,"name":62,"slug":63},[1860,1861,72,1862,1863,1864,1865,1866],"what","cutting","price","really","means","presidency","explains","https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002Ffuel.jpg",{"id":1869,"createdAt":1870,"updatedAt":1871,"name":1872,"image":1873,"slug":1874},"87678139-216f-4786-b9b2-a4e8155e5649","2026-03-25T11:55:31.204Z","2026-08-13T13:05:10.144Z","Daily Post","https:\u002F\u002Fcdn.oneclickafrica.com\u002Ffeed\u002F9efc788c-30f4-47fa-8efc-4edb5cfd560a.png","daily-post",22,"https:\u002F\u002Fdailypost.ng\u002F2026\u002F10\u002F08\u002Fwhat-cutting-fuel-price-really-means-presidency-explains\u002F",{"id":1878,"createdAt":1879,"updatedAt":1880,"title":1881,"excerpt":1882,"content":1883,"slug":1884,"topic":1885,"tags":1886,"image":1889,"author":76,"feed":1890,"views":1897,"type":85,"readTime":1898,"externalSourceUrl":1899},"315c6990-9f61-43c7-9557-d6c0eca1a895","2026-10-08T20:50:00.678Z","2026-10-09T13:57:25.000Z","Petrol discount not subsidy — Presidency","The Presidency says a new measure for NNPC to sell petrol at cost price is a discount to cushion price shocks, not a return of the fuel subsidy.\n\nRead More: https:\u002F\u002Fpunchng.com\u002Fpetrol-discount-not-subsidy-presidency\u002F","\n\nThe Presidency says a new measure for NNPC to sell petrol at cost price is a discount to cushion price shocks, not a return of the fuel subsidy.\n\nRead More: https:\u002F\u002Fpunchng.com\u002Fpetrol-discount-not-subsidy-presidency\u002F","petrol-discount-not-subsidy-presidency",{"id":60,"createdAt":61,"updatedAt":61,"name":62,"slug":63},[1887,1888,73,1865],"petrol","discount","https:\u002F\u002Fcdn.punchng.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002F01083912\u002F8600d15f-07f7-4720-82ee-3fc38fbe3b4f_1790840352.webp",{"id":1891,"createdAt":1892,"updatedAt":1893,"name":1894,"image":1895,"slug":1896},"ade0b341-0401-468c-a175-895514f214f9","2026-03-25T12:04:21.064Z","2026-08-13T13:05:50.352Z","Punch Nigeria","https:\u002F\u002Fcdn.oneclickafrica.com\u002Ffeed\u002Ff63ca011-8a2c-4617-b784-b78e461d5bb1.png","punch-nigeria",20,1,"https:\u002F\u002Fpunchng.com\u002Fpetrol-discount-not-subsidy-presidency\u002F?utm_source=rss.punchng.com&utm_medium=web",{"id":1901,"createdAt":1902,"updatedAt":1853,"title":1903,"excerpt":1904,"content":1905,"slug":1906,"topic":1907,"tags":1908,"image":1914,"author":76,"feed":1915,"views":1916,"type":85,"readTime":1917,"externalSourceUrl":1918},"29b97d02-5076-4b3f-98de-ca627ac612e0","2026-10-08T15:50:00.405Z","Hardship: FG proposes N1,350 ceiling for petrol ex-gantry","\"We are introducing price modulation. Pump prices should not have to follow every swing in global crude or exchange rate. The government is negotiating a ceiling of N1,350 a litre on the ex-gantry cost of petrol to keep pump prices stable,\" he said.\nThe post Hardship: FG proposes N1,350 ceiling for petrol ex-gantry appeared first on Vanguard News.","\u003Cimg width=\"679\" height=\"545\" src=\"https:\u002F\u002Fcdn.vanguardngr.com\u002Fwp-content\u002Fuploads\u002F2025\u002F12\u002FTaiwo-Oyedele.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Hardship: FG proposes N1,350 ceiling for petrol ex-gantry\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\u002F\u002Fcdn.vanguardngr.com\u002Fwp-content\u002Fuploads\u002F2025\u002F12\u002FTaiwo-Oyedele.jpg 679w, https:\u002F\u002Fcdn.vanguardngr.com\u002Fwp-content\u002Fuploads\u002F2025\u002F12\u002FTaiwo-Oyedele-300x241.jpg 300w\" sizes=\"(max-width: 679px) 100vw, 679px\" \u002F>\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>By Ayobami Okerinde\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The Federal Government is planning to negotiate a ceiling of N1,350 per litre on the ex-gantry cost of petrol in a move aimed at shielding pump prices from fluctuations in global crude oil prices and exchange rates.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, disclosed this on Thursday in Abuja while addressing a press conference on fuel prices and subsidy-related questions.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">However, Oyedele acknowledged that the measures being proposed by the Federal Government would not completely ease the pressure on households.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He then outlined the proposed measures, including the N1,350 ceiling on the ex-gantry or landing cost of petrol, which he said was designed to reduce volatility in pump prices.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">“We are introducing price modulation. Pump prices should not have to follow every swing in global crude or exchange rate. The government is negotiating a ceiling of N1,350 a litre on the ex-gantry cost of petrol to keep pump prices stable,” he said.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">According to him, where the actual cost rises above the ceiling, refiners and importers would bear the shortfall and recover it later when crude prices or exchange rates become favourable, without breaching the ceiling.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">“This is neither a subsidy nor a price control; it is designed to smooth prices over time, rather than suppressing them,” Oyedele said.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He explained that the objective was to prevent sharp swings in pump prices, saying, “The reason is simple: N1,400 a litre today and tomorrow is better than N1,500 today and N1,300 tomorrow, because volatility itself adds to uncertainty and fuels go up sharply; they rarely come down as fast.”\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Oyedele said the ceiling would be reviewed monthly, with adjustments made where necessary and the figures published for transparency.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">He also announced a 30-day discount on petrol dispensed by NNPC Limited, with priority given to public transporters nationwide, while insisting that the measure was not a subsidy.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Recall that \u003Ca href=\"https:\u002F\u002Fwww.vanguardngr.com\u002F2026\u002F10\u002Fnnpc-rolls-out-%E2%82%A666-fuel-discount-across-nigeria\u002F\">Vanguard\u003C\u002Fa> had earlier reported that the NNPC limited announced a ₦66 fuel discount for customers using the NNPC Fuel App at its stations nationwide.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">“We are offering a discount on petrol dispensed by NNPC Limited for the next 30 days in the first instance with priority for public transporters nationwide. It’s not a subsidy; the government is saying we sell to you at a cost,” he said.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The minister said the government was also working on forward crude sales to domestic refiners, adding that rising production would help shield pump prices from volatility in the international market.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">“We’re working with the states across the federation under the new tax laws. We are reigning in the taxes and levies that inflate fuel and logistics costs,” he added.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Oyedele said the government was also increasing funding for cash transfers to vulnerable households and subsidising credit for small businesses and consumers, while working with state governments to accelerate the rollout of compressed natural gas.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The proposed measures come amid a renewed political debate over fuel subsidies, with African Democratic Congress (ADC) presidential candidate Atiku Abubakar and Nigeria Democratic Congress (NDC) presidential candidate Peter Obi promising to restore the subsidy if elected in 2027.\u003C\u002Fp>\n\u003Cp>The post \u003Ca href=\"https:\u002F\u002Fwww.vanguardngr.com\u002F2026\u002F10\u002Fhardship-fg-proposes-n1350-ceiling-for-petrol-ex-gantry\u002F\">Hardship: FG proposes N1,350 ceiling for petrol ex-gantry\u003C\u002Fa> appeared first on \u003Ca href=\"https:\u002F\u002Fwww.vanguardngr.com\">Vanguard News\u003C\u002Fa>.\u003C\u002Fp>\n","hardship-fg-proposes-n1350-ceiling-for-petrol-ex-gantry",{"id":60,"createdAt":61,"updatedAt":61,"name":62,"slug":63},[1909,1910,1911,1912,1887,1913],"hardship","proposes","n1350","ceiling","exgantry","https:\u002F\u002Fcdn.vanguardngr.com\u002Fwp-content\u002Fuploads\u002F2025\u002F12\u002FTaiwo-Oyedele.jpg",{"id":78,"createdAt":79,"updatedAt":80,"name":81,"image":82,"slug":83},19,3,"https:\u002F\u002Fwww.vanguardngr.com\u002F2026\u002F10\u002Fhardship-fg-proposes-n1350-ceiling-for-petrol-ex-gantry\u002F",{"id":1920,"createdAt":1921,"updatedAt":1853,"title":1922,"excerpt":1923,"content":1924,"slug":1925,"topic":1926,"tags":1927,"image":1931,"author":76,"feed":1932,"views":1939,"type":85,"readTime":1898,"externalSourceUrl":1940},"2daab159-31f8-48b5-8b3e-a698be431fba","2026-10-08T19:50:01.110Z","Fuel subsidy would cost Nigeria over N20trn yearly — Minister","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.\nThe post Fuel subsidy would cost Nigeria over N20trn yearly — Minister appeared first on Premium Times Nigeria.","\u003Cimg width=\"600\" height=\"338\" src=\"https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F05\u002Fadmin-ajax-3-2.jpg?fit=600%2C338&ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele\" style=\"display: block; margin: auto; margin-bottom: 5px;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" srcset=\"https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F05\u002Fadmin-ajax-3-2.jpg?w=600&ssl=1 600w, https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F05\u002Fadmin-ajax-3-2.jpg?resize=526%2C296&ssl=1 526w\" sizes=\"(max-width: 600px) 100vw, 600px\" \u002F>\u003Cp>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.\u003C\u002Fp>\n\u003Cp>The post \u003Ca href=\"https:\u002F\u002Fwww.premiumtimesng.com\u002Fbusiness\u002Fbusiness-news\u002F915535-fuel-subsidy-would-cost-nigeria-over-n20trn-yearly-minister.html\">Fuel subsidy would cost Nigeria over N20trn yearly — Minister\u003C\u002Fa> appeared first on \u003Ca href=\"https:\u002F\u002Fwww.premiumtimesng.com\">Premium Times Nigeria\u003C\u002Fa>.\u003C\u002Fp>\n","fuel-subsidy-would-cost-nigeria-over-n20trn-yearly-minister",{"id":60,"createdAt":61,"updatedAt":61,"name":62,"slug":63},[72,73,69,318,1928,1929,1930],"n20trn","yearly","minister","https:\u002F\u002Fi0.wp.com\u002Fmedia.premiumtimesng.com\u002Fwp-content\u002Ffiles\u002F2026\u002F05\u002Fadmin-ajax-3-2.jpg?fit=600%2C338&ssl=1",{"id":1933,"createdAt":1934,"updatedAt":1935,"name":1936,"image":1937,"slug":1938},"82956691-2abe-4af9-a899-8e05365755d0","2026-03-25T11:53:52.744Z","2026-08-13T13:04:48.079Z","Premium TImes","https:\u002F\u002Fcdn.oneclickafrica.com\u002Ffeed\u002Fe87505b6-faaa-44e3-b31e-8a5481a8e8fd.webp","premium-times",18,"https:\u002F\u002Fwww.premiumtimesng.com\u002Fbusiness\u002Fbusiness-news\u002F915535-fuel-subsidy-would-cost-nigeria-over-n20trn-yearly-minister.html",{"status_code":4,"message":76,"data":1942},[1943,1944,1945,1946,1947,1948,1949,1950,1951,1952,1953,1954,1955,1956,1957,1958,1959,1960,1961,1962],"SPORTS PLANET Podcast…EPISODE 148: Manchester United vs Tottenham Hotspur Preview","Lagos assembly sets up committee to recover government assets","Airtel Money commences conditional trading on London Stock Exchange","France’s seafood problem starts elsewhere","Pre-tertiary teachers’ strike: We have taken teachers for granted for too long — Dr. Partey-Anti","GMB’s Ampomaa faces backlash as Efiya Otiwaa demands apology over ‘nananom’ song","Visa scandal: 'Ampofo Ankrah’s suspension not enough; Kofi Adams must also step aside' — Senyo Amekplenu","AGITF, Azania Benki watenga mikopo ya mabilioni kwa vijana na wanawake","Collaboration, Infrastructure and Trust as Drivers of Digital Growth – FCMB","I’m Only Thinking About My Work At Bayern  — Kompany Breaks Silence On Man City Financial Charges Verdict","2027: Shehu Sani harps on danger of disrupting rotational presidency","Diri orders 24-hour curfew in Bayelsa community after unrest","Alleged Rape: Poco Lee returns to social media after release from UK detention","Tanesco yabeba tuzo nne za umahiri mawasiliano kwa umma","Tetemeko la ardhi lilivyotikisa Kagera, wananchi waingiwa hofu","Vijana, wanawake 2,437 kuchaguliwa BBT","Moto wateketeza mabanda 17 Tanga, wafanyabiashara waomba msaada","Sera mpya ya uwekezaji kuendana na Dira 2050","EPL: Chelsea receive injury boost over five players ahead of Bournemouth clash","Improve water collection before enforcing penalties — Group to Osun govt"]