Fuel subsidy crisis: Expanding national dialogue on deregulation

Jan. 11 | Hon. Peter Ohio Akpatason By Peter Akpatason A proper deregulation of the downstream sector of the oil and gas industry in Nigeria is not undesirable, however, the anticipated benefits of opening up the sector for competition will be difficult to achieve...

Explain it to me: The political-economy of fuel subsidy in Nigeria

Jan. 4 | By Yemi Ifegbuyi What does fuel subsidy mean? Subsidy means benefit given by the government to individuals or businesses whether in form of cash, tax reduction or by reducing the cost of goods and services. The purpose of subsidy is to help individuals...

Who Will Deliver Us From This Goodluck?

Jan. 3 | Editor’s Note: This article has been updated as requested by the writer, since it was first published. By Femi Fani-Kayode When President Olusegun Obasanjo was in power we spent 300 billion per year on the fuel subsidy. Under the administration...

Nigerians protest fuel hike, Jonathan introduced subsidy re-investment board

Jan. 3 | An attendant sells fuel at a petrol station in Lagos , Nigeria, Monday, Jan. 2, 2012. Photo credit: AP By NAL staff writer The Nigeria’s federal government on Monday introduced a reactionary measure to calm public angers over the sudden increase in...

Nigeria formally ends fuel subsidies

Jan. 1 | Associated Press - Nigeria is ending fuel subsidies, a move that is sure to be unpopular in the oil-rich nation where citizens have come to expect cheap fuel as one of their few government benefits, an official said Sunday. The Petroleum Products...

Tough time ahead of Nigeria in 2012

Dec. 27 | By Yemi Ifegbuyi It doesn’t matter whether you believe in prophecy or not, the social-economic tension that is widespread in the country will not be in any way different come 2012. If there is anything to be cautious of, it’s for you not go to sleep...

Gadhafi’s fall: Europe lobbies for Libya oil

Aug. 24 | PRI - The rebels stormed Gadhafi’s compound in Tripoli on Tuesday, but NATO says it will continue operations over Libya for now. NATO won’t be the only international presence. Libya’s rebels are expected to receive help from the...

Oil price plunges to 4-month low after U.S. released its reserves

Jun. 23 | REUTERS - Oil prices tumbled 6 percent on Thursday after the world’s biggest consumers released emergency oil reserves for the third time ever, a surprise intervention to aid the struggling global economy. Oil briefly hit the lowest since February...

Group of billionaires, rivals to work for Jonathan’s election success

Feb. 15 | By Nigerians Abroad staff writer Top Nigerian business men - with interest in major sectors of the Nigerian economy  such as Oil and Gas, Communication and Banking - made the list of President Goodluck Jonathan’s re-inaugurated electioneering...

Can Nigeria’s political office holders change their ways?

Feb. 9 | Delegates of the ruling Peoples Democratic Party walk past a giant poster of President Goodluck Jonathan at the start of his presidential campaign at the Lafia Township Stadium in the north central town of Lafia, Nasarawa State, on February 7, 2011. Photo:...