Tag: Subsidy
Petrol Subsidy is Back Under Tinubu – IMF
The International Monetary Fund (IMF) has raised concerns over the Nigerian government’s reinitiation of subsidies on premium motor spirit (PMS), commonly known as petrol, through undisclosed means. On May 29, 2023, during his inauguration speech, Bola Tinubu declared an end to petrol subsidies, leading to a surge in prices for goods and services nationwide. Shortly…