Fuel subsidy removal in Nigeria: Shortage of smuggled petrol called “Kpayo” in Benin

By Ablawa BOKO in Cotonou and Ayodele SAMUEL in Lagos The price of gasoline adulterated commonly called “kpayo” tripled in Republic of Benin following price increase in neighboring Nigeria. The kpayo (the fuel sold in informal sector brought from Nigeria to Benin) sold usually between 250 and 300 francs (Cfa) per liter, increased to 400 francs on Saturday. Since then, the price of gasoline […]

Fuel subsidy removal: Nigeria’s Finance Minister speaks to Al Jazeera

Nigeria’s Finance Minister & Co-ordinating Minister for the Economy, Dr. Ngozi Okonjo Iweala recently spoke to Al Jazeera on the issue of fuel subsidy removal in Nigeria. Check out the video below. What do you think about her recent comments? See also “We didn’t promise April date to remove fuel subsidy” – Okonjo Iweala

Fuel subsidy removal in Nigeria: President Goodluck Jonathan’s speech on fuel subsidy removal [Transcript]

President Goodluck Jonathan’s speech on fuel subsidy removal; [Transcript] Dear Compatriots, A week ago, I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation. That course of […]

Fuel subsidy: State House Press Release: Jonathan appoints Kolade to head subsidy reinvestment board

STATE HOUSE PRESS RELEASE: PRESIDENT JONATHAN APPOINTS KOLADE TO HEAD SUBSIDY REINVESTMENT BOARD/ BELGORE, AMAECHI, OSHIOMHOLE, OTHERS IN COMMITTEE TO DIALOGUE WITH ORGANISED LABOUR, CIVIL SOCIETY, STAKEHOLDERS President Goodluck Ebele Jonathan has set up a high-powered committee headed by a former Chief Justice of Nigeria, Justice Alfa Belgore to meet with organized labour and all other […]

President Jonathan reassures Nigerians; “I’m slow to avoid mistakes” he says…thoughts?

Speaking recently on his leadership style amidst the crisis facing Nigeria, President Goodluck Jonathan explained the reasoning behind his perceived slow leadership. “When I’m challenged I think more; I don’t rush to take decisions. I listen more to people. That is why, at times, it looks as if I’m slow. I also know that when […]

Fuel Subsidy in Nigeria: The real PRICE of petrol – A rejoinder to Prof. Agbon’s piece on “the real cost of Nigerian petrol”

I woke up this morning to an article on the “real cost of Nigerian petrol“. The article goes through a series of calculations, mostly on various costs, on the refining and transporting of crude oil. The article comes to the conclusion that because, based on their calculations, the cost of refining PMS is N34.45 there […]