Nigeria minister: 'wrong time' to remove fuel subsidies - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Now is the wrong time to remove Nigeria’s costly fuel subsidy, Information Minister Lai Mohammed said on Monday, noting many other nations were introducing measures to help citizens cope with high oil energy prices.

A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020.A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020.

Nigeria suffers intermittent fuel shortages. It has raised its deficit forecast twice this year and increased borrowing to cover the cost of the subsidy. Alongside attacks on oil infrastructure, much of Nigeria’s north is wracked by violence committed by so-called “bandits”, while dozens were killed in church attacks in the northern state of Kaduna and the southwestern state of Ondo last month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BaPedi celebrate successful initiation season - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Over 600 initiates have safely returned home initiation school from after spending two months in the mountain in KwaMhlanga, Mpumalanga. The BaPedi Bakwa Mashilo Royal House welcomed the first initiates since 2020. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met BernardMason07 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks BernardMason07
Source: SABCNews - 🏆 37. / 51 Read more »