Nigeria fuel subsidy Paris investors – The Nigerian government has ruled out the return of fuel subsidy, insisting that market-driven reforms remain the best path for economic stability and long-term growth.

Speaking during engagements with global investors in Paris, Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, said the administration would not reintroduce subsidy payments because they distort the economy and discourage investment.

“We will not bring back fuel subsidy because it creates distortions for the economy, and we won’t introduce price control because we believe in the market,” Oyedele stated.

According to him, Nigeria is focused on building a competitive and transparent economic environment capable of attracting global capital.

He added that current global developments, especially tensions involving Iran, could create fresh opportunities for Nigeria in the international energy market.

“The situation in Iran presents new opportunities for us as the world looks to diversify sources of energy and invest in new markets,” he said.

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Furthermore, Oyedele revealed that Nigeria recorded an impressive GDP growth rate of 11.2 percent in US dollar terms in 2025. He explained that the figure strengthens the country’s ambition of becoming a one-trillion-dollar economy by 2030.

“Nigeria recorded a strong GDP growth rate of 11.2% in US dollar terms in 2025, reinforcing the country’s ambition to achieve a $1 trillion economy by 2030,” he noted.

Meanwhile, economic analysts believe the government’s continued commitment to market reforms could improve investor confidence. However, many Nigerians still expect stronger measures to cushion the impact of rising living costs and high fuel prices.

The engagement in Paris formed part of broader efforts by the Nigerian delegation to attract foreign direct investment, deepen international partnerships, and position the country as a leading destination for energy and infrastructure investment in Africa.

Keyphrase: Nigeria fuel subsidy Paris investors.