
In a Premium Times opinion piece, David Okelue Ugwunta argues that Nigeria's removal of its unsustainable fuel subsidy was the right decision, but contends that the country still lacks a clear plan for how the resulting fiscal savings will be used. He writes that the real test is whether the reform leads to lower transport costs, stronger industry and better public services, and proposes that the National Economic Council, which brings together the federal government and all 36 state governors, should serve as the forum to negotiate and publish binding investment commitments ahead of the 2027 elections.
AI summary. Verify with the original source.
Read full story at Premium Times ↗
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumSimilar stories

A Daily Trust opinion writer argues that Nigeria's petrol subsidy should not return to economic policy debates, weighing in on the continuing discussion over President Bola Tinubu's reforms. The author says debate over the subsidy removal and government policy is necessary and that policies must remain open to scrutiny, particularly when their effects are felt directly in Nigerians' daily lives, but maintains the subsidy should never be reinstated.
Daily Trust·September 8, 2026 at 12:41 AM
Professor Tunji Ogunyemi of Obafemi Awolowo University, Ile-Ife, has warned that restoring Nigeria's petroleum subsidy regime could severely damage the country's public finances. According to Ripples Nigeria, the economic historian, lawyer and public affairs analyst argued that a return to fuel subsidy payments could lead to the possible financial collapse of more than 15 states in Nigeria's northern region, urging against reversing the subsidy removal policy.
Ripples Nigeria·September 5, 2026 at 5:44 PM
Former Ekiti State governor Kayode Fayemi has accused former vice president Atiku Abubakar of exploiting promises on fuel subsidy for political gain ahead of the 2027 elections, comparing the tactic to the APC's use of the Muslim-Muslim ticket. According to Vanguard, Fayemi reiterated his support for fuel subsidy removal, saying he had advocated the policy for years, including while serving as chairman of the Nigerian Governors' Forum.
Vanguard (NG)·September 8, 2026 at 5:45 AM
The Nigeria Union of Pensioners has told President Bola Ahmed Tinubu that retirees are still waiting for a palliative payment approved three years ago following the removal of the fuel subsidy. According to the union's letter to the President, the federal government had approved a N25,000 monthly payment for three months to vulnerable Nigerians, totaling N75,000, but the funds have not been disbursed. The NUP appealed for the immediate release of the payment to pensioners.
Leadership (NG)·September 8, 2026 at 3:42 AM
In an opinion piece for ThisDay Live, Iyobosa Uwugiaren argues that Nigeria's renewed debate over fuel subsidy should move beyond ideological slogans. The debate was recently reignited by Atiku Abubakar, the African Democratic Congress candidate in the January 2027 presidential poll. According to the author, the country needs a more substantive discussion on the issue rather than entrenched political positions.
ThisDay Live·September 8, 2026 at 7:55 AM
Oyo State Governor Seyi Makinde, identified as the Allied Peoples Movement presidential candidate for 2027, said he would not reinstate Nigeria’s fuel subsidy if elected, according to the Daily Post. Speaking at the inauguration of his campaign office in Abuja on Monday, Makinde argued subsidy removal was final and instead proposed a more transparent approach to delivering benefits to Nigerians, without detailing specific measures in the excerpt.
Daily Post (NG)·September 7, 2026 at 2:17 PM