[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1haha5ahsyuls":3,"$f28bgsfkptq4yp":49,"$f9gu6o9jcsxdi":86,"$f3g2vfgazl5es6":1793,"$f3e3jbbcdn2vfp":1845,"$f5btqexddoxme":1938},{"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 Updates","global-updates",{"id":26,"createdAt":27,"updatedAt":28,"name":29,"slug":30},"01411baa-e805-4390-8629-929c4f90c093","2026-03-25T11:58:27.451Z","2026-05-21T11:24:07.000Z","Entertainment","entertainment",{"id":32,"createdAt":33,"updatedAt":34,"name":35,"slug":36},"f533efbb-008f-4539-9a0b-c6f71297a9f4","2026-03-25T11:41:34.472Z","2026-05-21T16:44:38.000Z","Business","business",{"id":38,"createdAt":39,"updatedAt":40,"name":41,"slug":42},"556591a5-3420-482a-9592-6b4ae49829b3","2026-03-25T11:40:22.480Z","2026-05-21T16:39:17.000Z","Sports","sports",{"id":44,"createdAt":45,"updatedAt":46,"name":47,"slug":48},"07a1a269-9188-41fc-9145-0ab7ca6d29e6","2026-03-25T11:39:56.272Z","2026-05-21T16:37:48.000Z","Africa","africa",{"status_code":4,"message":50,"data":51},"List of Posts retrieve successfully",{"id":52,"createdAt":53,"updatedAt":54,"title":55,"excerpt":56,"content":57,"slug":58,"topic":59,"tags":64,"image":73,"author":74,"feed":75,"views":82,"type":83,"readTime":84,"externalSourceUrl":85},"c1a97bc3-b6f0-4bdb-b8ae-463488a9628a","2026-10-09T09:00:00.353Z","2026-10-09T10:34:52.000Z","Lagos APC tackles opposition over criticism of 30-day petrol discount","The Lagos State chapter of the All Progressives Congress, APC, has challenged opposition parties criticising the Federal Government’s 30-day petrol discount initiative to propose practical alternatives, stressing that the welfare of Nigerians should be prioritised over political interests. The party called on opposition leaders to explain how their proposed solutions would differ from the government’s […]\nLagos APC tackles opposition over criticism of 30-day petrol discount","\u003Cimg width=\"1024\" height=\"923\" src=\"https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2026\u002F05\u002FAPC.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\u002F2026\u002F05\u002FAPC.jpg 1024w, https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2026\u002F05\u002FAPC-300x270.jpg 300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \u002F>\n\u003Cp>The Lagos State chapter of the All Progressives Congress, APC, has challenged opposition parties criticising the Federal Government’s 30-day petrol discount initiative to propose practical alternatives, stressing that the welfare of Nigerians should be prioritised over political interests.\u003C\u002Fp>\n\n\n\n\u003Cp>The party called on opposition leaders to explain how their proposed solutions would differ from the government’s intervention, how they would be funded and how soon Nigerians could expect tangible benefits.\u003C\u002Fp>\n\n\n\n\u003Cp>The Lagos APC Publicity Secretary, Seye Oladejo, made the appeal in a statement on Friday amid divided reactions to the temporary measure introduced by the Federal Government to cushion the impact of rising global crude oil prices.\u003C\u002Fp>\n\n\n\n\u003Cp>The Federal Government had announced that retail outlets operated by the Nigerian National Petroleum Company Limited would suspend profit margins and sell petrol at cost price for 30 days, with public transport operators given priority.\u003C\u002Fp>\n\n\n\n\u003Cp>Oladejo argued that with Nigerians facing increasing transportation, food and household expenses, opposition parties should recognise genuine efforts to ease the burden while presenting workable alternatives.\u003C\u002Fp>\n\n\n\n\u003Cp>“The welfare of Nigerians must come before the political convenience of the opposition,” he said.\u003C\u002Fp>\n\n\n\n\u003Cp>He described what he considered automatic rejection of the initiative as “political opportunism masquerading as economic criticism,” adding that criticism of government policies should be accompanied by practical proposals to address the country’s economic difficulties.\u003C\u002Fp>\n\n\n\n\u003Cp>The APC spokesman said the Federal Government had clarified that the measure was not a return to a general fuel subsidy but a temporary and targeted reduction involving profit margins, alongside other interventions designed to ease price pressures.\u003C\u002Fp>\n\n\n\n\u003Cp>However, he acknowledged that questions about the policy’s effectiveness were legitimate, insisting that its implementation should be transparent, properly monitored and assessed through measurable outcomes.\u003C\u002Fp>\n\n\n\n\u003Cp>“Whether the arrangement will deliver its intended benefits is a legitimate question. Its implementation, transparency, reach and measurable impact should be scrutinised. But scrutiny is not the same as reflexive condemnation, and accountability does not require political cynicism,” he said.\u003C\u002Fp>\n\n\n\n\u003Cp>On concerns about what would happen after the 30-day period, Oladejo said the issue of sustainability was valid but should not be used to dismiss the immediate relief the initiative could provide.\u003C\u002Fp>\n\n\n\n\u003Cp>He urged the Federal Government to provide clear information about the arrangement, ensure that the intended beneficiaries received the benefits and explain what measures would replace the intervention before it expires.\u003C\u002Fp>\n\n\n\n\u003Cp>“Nigerians deserve nothing less,” the statement added.\u003C\u002Fp>\n\n\n\n\u003Cp>Responding to allegations that the policy represented a disguised return to fuel subsidy, the Lagos APC urged opposition parties to evaluate the initiative based on its actual provisions, funding arrangements and safeguards against abuse rather than dismissing it through political labels.\u003C\u002Fp>\n\n\n\n\u003Cp>“If the opposition has credible evidence of fiscal irresponsibility or legal irregularity, it should present that evidence,” Oladejo said.\u003C\u002Fp>\n\n\n\n\u003Cp>The party acknowledged that a month-long petrol discount would not, by itself, resolve Nigeria’s cost-of-living crisis. It called for sustained policies to stabilise prices, expand domestic refining capacity, improve fuel distribution, lower logistics costs, support public transportation and strengthen citizens’ purchasing power.\u003C\u002Fp>\n\n\n\n\u003Cp>“The opposition cannot credibly demand immediate relief on one day and condemn an attempt to provide it the next, without presenting a more workable alternative,” he said.\u003C\u002Fp>\n\n\n\n\u003Cp>Oladejo challenged parties dissatisfied with the initiative to state clearly what they would do differently, how they would finance their proposals and how quickly their plans would deliver practical benefits.\u003C\u002Fp>\n\n\n\n\u003Cp>The Lagos APC described the intervention as a step towards providing immediate relief but stressed that its implementation must be transparent, its benefits verifiable and subsequent government measures clearly communicated.\u003C\u002Fp>\n\n\n\n\u003Cp>“Our position is straightforward: support what helps Nigerians, scrutinise what requires scrutiny and improve what needs improvement,” the statement said.\u003C\u002Fp>\n\n\n\n\u003Cp>“The difference between constructive opposition and opportunistic opposition is simple: one offers better answers; the other merely objects to the answers on the table. Nigeria deserves the former.”\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fdailypost.ng\u002F2026\u002F10\u002F09\u002Flagos-apc-tackles-opposition-over-criticism-of-30-day-petrol-discount\u002F\">Lagos APC tackles opposition over criticism of 30-day petrol discount\u003C\u002Fa>\u003C\u002Fp>\n","lagos-apc-tackles-opposition-over-criticism-of-30-day-petrol-discount",{"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],"lagos","apc","tackles","opposition","criticism","30day","petrol","discount","https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2026\u002F05\u002FAPC.jpg",null,{"id":76,"createdAt":77,"updatedAt":78,"name":79,"image":80,"slug":81},"87678139-216f-4786-b9b2-a4e8155e5649","2026-03-25T11:55:31.204Z","2026-08-13T13:05:10.144Z","Daily 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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},[1857,1858,1859,1860,1861,1862,1863,1864],"what","cutting","fuel","price","really","means","presidency","explains","https:\u002F\u002Fdailypost.ng\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002Ffuel.jpg",{"id":76,"createdAt":77,"updatedAt":78,"name":79,"image":80,"slug":81},22,2,"https:\u002F\u002Fdailypost.ng\u002F2026\u002F10\u002F08\u002Fwhat-cutting-fuel-price-really-means-presidency-explains\u002F",{"id":1871,"createdAt":1872,"updatedAt":1850,"title":1873,"excerpt":1874,"content":1875,"slug":1876,"topic":1877,"tags":1878,"image":1884,"author":74,"feed":1885,"views":1892,"type":83,"readTime":1893,"externalSourceUrl":1894},"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},[1879,1880,1881,1882,71,1883],"hardship","proposes","n1350","ceiling","exgantry","https:\u002F\u002Fcdn.vanguardngr.com\u002Fwp-content\u002Fuploads\u002F2025\u002F12\u002FTaiwo-Oyedele.jpg",{"id":1886,"createdAt":1887,"updatedAt":1888,"name":1889,"image":1890,"slug":1891},"ba5aa7e2-df4c-43a8-ac43-57e16ebb83a0","2026-03-25T11:54:25.227Z","2026-08-13T13:05:58.759Z","Vanguard Nigeria","https:\u002F\u002Fcdn.oneclickafrica.com\u002Ffeed\u002F5e53f632-5a90-44f5-83e1-eac7059f14f0.webp","vanguard-nigeria",19,3,"https:\u002F\u002Fwww.vanguardngr.com\u002F2026\u002F10\u002Fhardship-fg-proposes-n1350-ceiling-for-petrol-ex-gantry\u002F",{"id":1896,"createdAt":1897,"updatedAt":1898,"title":1899,"excerpt":1900,"content":1901,"slug":1902,"topic":1903,"tags":1904,"image":1906,"author":74,"feed":1907,"views":1892,"type":83,"readTime":82,"externalSourceUrl":1914},"315c6990-9f61-43c7-9557-d6c0eca1a895","2026-10-08T20:50:00.678Z","2026-10-09T13:12:04.000Z","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},[71,72,1905,1863],"subsidy","https:\u002F\u002Fcdn.punchng.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002F01083912\u002F8600d15f-07f7-4720-82ee-3fc38fbe3b4f_1790840352.webp",{"id":1908,"createdAt":1909,"updatedAt":1910,"name":1911,"image":1912,"slug":1913},"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","https:\u002F\u002Fpunchng.com\u002Fpetrol-discount-not-subsidy-presidency\u002F?utm_source=rss.punchng.com&utm_medium=web",{"id":1916,"createdAt":1917,"updatedAt":1850,"title":1918,"excerpt":1919,"content":1920,"slug":1921,"topic":1922,"tags":1923,"image":1928,"author":74,"feed":1929,"views":1936,"type":83,"readTime":82,"externalSourceUrl":1937},"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},[1859,1905,1924,264,1925,1926,1927],"cost","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":1930,"createdAt":1931,"updatedAt":1932,"name":1933,"image":1934,"slug":1935},"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":74,"data":1939},[1940,1941,1942,1943,1944,1945,1946,1947,1948,1949,1950,1951,1952,1953,1954,1955,1956,1957,1958,1959],"JUST IN: Police confirm abduction of three workers at Oyo Institute","EPL: Arteta gives injury updates on six Arsenal players ahead of Leeds clash","2027: Atiku leader other candidates are following – Kenneth Okonkwo","EPL: Arteta reveals stance on Man City’s guilty verdict","NLC\u002FNUT strike: Wike threatens no-work, no-pay","Gunmen kidnap three CRIN workers in Oyo, demand N120m ransom","Gunmen kill security operative in Plateau","Standard Bank targets doubling West African business by 2030","Sovereign Trust pledges better customer service as insurers face trust test","Fresh storms put Alia’s second-term in Benue bid under strain","AI takes centre stage as KWACCIMA holds trade fair in December","Nigeria adopts Ethiopia model to drive nutrition in 774 LG","Businessman charged with threatening Kibera magistrate","EPL: Unleash Anfield Crowd On Manchester City  –Carragher Advises Liverpool Manager","2028 Olympics Qualifier: Eguavoen Warns Super Falcons Against Underestimating Comoros","2027 Hajj: NAHCON prioritises hitch-free pilgrimage, engages key stakeholders","Court adjourns SERAP’s N100m defamation appeal","FULL LIST: Top 10 footballers with most goals in calendar year","Motorists, commuters, others react to FG’s 30-day petrol discount","2028 Olympics Qualifier: Comoros coach plots Super Falcons’ defeat"]