Sunday, 23rd January 2022
<To guardian.ng
Search

World Bank team discusses fuel subsidy during visit to The Guardian

By Guardian Exclusive
01 December 2021   |   8:36 am
The World Bank is backing Nigeria’s quest to get rid of fuel subsidy. The Country Director of the World Bank Shubham Chaudhuri, who led his team on a courtesy visit to The Guardian Group on Tuesday, November 30, explained why fuel subsidy is not sustainable. Chaudhuri, nevertheless, advised the Nigerian government to build consensus before its scheduled removal of the controversial subsidy policy.

Related

26 Nov
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
27 Nov
Nigeria has the second largest film output in the world, but many filmmakers struggle with low budgets and barely make a profit. But streaming platforms are giving a boost to African films.
4 Dec
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
7 Dec
Oil giant Shell will pay a Nigerian community $111m (£80m) over an oil spill more than 50 years ago. A spokesman said the payment would mark the "full and final settlement" to the Ejama-Ebubu community over a spill during the 1967-70 Biafran War. The company has maintained that the damage was caused by third parties.
9 Dec
France's small business minister is to outline details of compensation for the nightclub and events industries, after the announcement that clubs would be forced to close for four weeks from this Friday due to rising coronavirus cases. French nightclub owners have said they feel unfairly targeted by the measures, after already having to shut for 16 months until July of this year. Also today, we look at the latest twist in the debt troubles facing the Chinese property developer Evergrande.
8 Dec
Here are a few reasons to pick up a copy of The Guardian on Wednesday.
8 Dec
British Prime Minister Boris Johnson apologised on Wednesday for a video showing his staffers joking about reports of a party in Downing Street during the COVID lockdown, saying he was furious but that he had been assured there was no party.
19 Dec
Traditionally, growing avocados requires lots of water. But entrepreneurs in Nigeria are attempting to grow them in a new water-saving and sustainable way by using drip irrigation systems and recycling water.
8 Dec
Here are a few reasons to pick up a copy of The Guardian on Thursday⁣ ⁣
12 Dec
On GirlZOffMute, we're in Nigeria with the nine-year-old, multi-talented artist Lisa Ebube Nnabuihe, aka Little Lisza. Apart from composing her own songs, she remixes those of famous Nigerian musicians. But which of her remixes is her favorite? And why does Lisa take such pride in her Igbo culture? Listen to what she told our teen reporter who is also a Hollywood star – Angel Onyi Unigwe.
15 Dec
As Mali and Russia continue to strengthen their military cooperation, a video purporting to show Russian helicopters during military exercises in Mali does not necessarily seem that far-fetched. So how to go about debunking it? Find out in Truth or Fake.
14 Dec
Here are a few reasons to pick up a copy of The Guardian on Wednesday⁣⁣⁣