Fuel Subsidy Removal Cuts Petrol Importation By 50%–FG

The Minister of Information and National Orientation, Mohammed Idris, has disclosed on Wednesday that Nigeria experienced a 50 per cent reduction in petrol importation since the withdrawal of the fuel subsidy.

President Bola Tinubu had on May last year removed the subsidy on petrol, a development that raised fuel price from N196 to about N650 currently.