Search
  1. Home
  2. West Africa
  3. Nigeria
  • News

President promises fuel at 40 naira

    ABIDJAN

    Once the oil sector is deregulated the pump price of fuel will be less than double the subsidised rate, news organisations reported President Olusegun Obasanjo as saying on Thursday.

    The government has announced plans to phase out a fuel subsidy. A litre of petrol costs 22 naira (18 US cents). After deregulation petrol will not sell for more than 40 naira nationwide, ‘The Guardian’ reported him as saying. Information Minister Jerry Gana told journalists in Abuja on Thursday that no date had yet been set for the deregulation.

    Nigerian trade unions under the umbrella Nigeria Labour Congress launched a week of protest rallies on Tuesday against the plan.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join