FG insists no return to fuel subsidy, multiple rates amid hardship
FG insists there will be no return to fuel subsidy or multiple exchange rates, Minister Taiwo Oyedele said at the World Bank and IMF meetings in Bangkok on Saturday, October 17, 2026. He spoke while responding to concerns over the government’s economic policies ahead of the 2027 general elections, emphasizing that questions about reversal come up regularly with rating agencies, investors and multilateral institutions.
The clarification comes amid renewed debate over petrol subsidy removal, which has kept fuel prices high and intensified the cost‑of‑living squeeze on Nigerians. Opposition leaders Atiku Abubakar of the African Democratic Congress and Peter Obi of the Nigeria Democratic Congress have faulted the policy and urged measures to ease the financial burden on households ahead of the polls.
With fuel costs likely to stay elevated, will you adjust your monthly budget, seek cheaper transport alternatives, or look for additional income sources to cope with the ongoing hardship?