Nigeria’s Economic Advisory Council calls for petrol subsidy removal

Nigeria’s Presidential Economic Advisory Council has urged President Muhammadu Buhari to adopt a pricing regime to reflect the cost of petrol and remove subsidy on the commodity. Meanwhile, data from the Central Bank of Nigeria shows that Nigeria’s trade deficit rose to $2.5 billion as at January this year. As we await a flurry of economic data this month, Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.

Mon May 10 2021 | 11:51:23 AM

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.