
FG to Allocate N5.4trn in 2024 for Petrol Subsidies, Mulls Equity Sale in State Refineries, Others
The Nigerian government is expected to allocate 5.4 trillion naira in 2024 to maintain fixed petrol prices, a significant 50% increase from 2023, according to a preliminary document seen by Reuters. President Tinubu could potentially implement these reforms through executive orders, focusing on supporting businesses in key sectors such as power, oil and gas, agriculture,…