Nigeria’s Alternative Fuel Shift in the Face of Real-World Challenges
The tax’s impact on reducing fossil fuel consumption and adopting alternatives like CNG may be limited without broader systemic and infrastructural support.
A New Perspective
The tax’s impact on reducing fossil fuel consumption and adopting alternatives like CNG may be limited without broader systemic and infrastructural support.
Both Nigeria and China reaffirmed their commitment to expanding bilateral cooperation to unlock Nigeria’s marine and blue economy potential for sustainable growth and economic prosperity.
There is a broad opposition against the 5% incoming tax that highlights significant concerns regarding the tax’s timing, potential impact on citizens and businesses.
Nigeria’s Federal Government is actively pursuing privatization of key assets, including Ajaokuta Steel, refineries, and airports, with the objective of improving efficiency, attracting investment, and stimulate economic growth through transparent and technically sound transactions.
NELFUND Is Actively Sensitising the Region. The Fund has taken concrete steps to reach students in the Southeast.
Petrol is everywhere. Every town and city has stations, so drivers don’t have to go out of their way to refuel.
Simply put, CNG is limited.
For students studying abroad, freelancers paid in foreign platforms, and families with bills outside Nigeria, the news signals both convenience and cost savings.
With reserves strengthening and investor inflows sustained, the naira’s steadiness suggests that policymakers’ efforts to stabilize the currency and restore market confidence are beginning to pay off.
A 5-year projection table showing side by side the savings growth vs inflation effect, money vs purchasing power gap, can become a real situation for most people.
It would be harder and awkward to make this ratio look a bit simpler, like 1 in 1.17 working Nigerians are self-employed. However, it rounds nicely to 6 in 7, which is an easier way to understand the numbers.