Nigeria: Petrol Subsidy Financially Unsustainable for Nigeria, Lokpobiri Tells Obi, Atiku

Nigeria: Petrol Subsidy Financially Unsustainable for Nigeria, Lokpobiri Tells Obi, Atiku

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has criticised presidential candidates who support petrol subsidy, calling the policy financially unsustainable for Nigeria.Lokpobiri spoke at the weekend during a breakfast meeting with media practitioners in Yenagoa, Bayelsa State.

VERBATIM: What Atiku, Obi, Makinde really want as 90+ countries subsidise fuel to ease hardship

By Luminous Jannamike Across the world, governments are cushioning motorists and businesses from a fresh oil shock. Nigeria’s 2027 debate is shifting from whether subsidy should exist to what form it should take, what it will cost and who will carry the bill. The latest petrol-price shock has produced an awkward reality for governments that […]

Subsidy Removal Freed N21trn, Now Shared To States – Lokpobiri Replies Atiku, Obi

Oil Minister Heineken Lokpobiri has replied former Vice President Atiku Abubakar and Labour Party presidential candidate Peter Obi on fuel subsidy debate, advising where attention should shift. According to him when President Tinubu assumed office, Nigeria faced a situation in which the government was projected to spend about ₦18.4 billion every day on fuel subsidy […]

Petrol Subsidy Financially Unsustainable for Nigeria, Lokpobiri Tells Obi, Atiku

Heineken Lokpobiri, minister of state for petroleum resources (oil), has criticised the position of presidential candidates who support petrol subsidy, describing the policy as financially unsustainable for Nigeria. Lokpobiri spoke on Friday during a breakfast meeting with media practitioners in Yenagoa, Bayelsa state. In August, Atiku Abubakar, presidential candidate of the African Democratic Congress (ADC), […]