Business
‘More expensive than subsidy?’ — Is FG’s N5,000 transport grant dead on arrival?
Zainab Ahmed, minister of finance, budget, and national planning, said on Tuesday that the federal government would remove fuel subsidy by 2022 and replace it with a N5,000 grant for the poorest Nigerians. According to her, about tens of millions Nigerians would benefit from the transport grant.
Following the revelation, Nigerians online and offline have weighed in on the policy, raising quite a number of reservations about the policy, which is billed to take off sometime between February to June 2022.
While some say the policy is inevitable, following the fiscal condition of the Nigerian states, others differ, emphasising that Nigeria is an oil-producing country and should not have to pay so much for petrol.
TheCable on Wednesday reported that Nigeria had the third-lowest petrol pump price in Africa, after Angola and Algeria. This position strengthens the argument for keeping oil subsidies — if other oil-producing states are doing it, Nigeria can keep subsidies too.
On the flip side, some Nigerians believe the removal of subsidies is long overdue. This school of thought claims that Nigeria is at least 10 years late to the party. They see subsidies as unsustainable, inefficient, and responsible for the lack of competition in the oil sector.
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However, a large chunk of both schools of thought does not entirely believe in the idea of giving N5,000 transport grants to the poorest Nigerians. Some say the grant will be more expensive than the existing fuel subsidy and would have an even worse impact on state finances.

Zainab Ahmed taking questions at NDU launch event
TheCable has reviewed all we know about this policy to draw informed conclusions on the subsidy removal and replacement plan.
You may have seen claims online suggesting that N5,000 for 40 million Nigerians monthly, would amount to N2.4 trillion, which is more than the existing subsidy payments of about N1.8 trillion per year. Mathematically, this is correct. But according to what we know about the policy, this is not exactly the case.
Speaking at the launch of the Nigeria Development Update (NDU) hosted by the World Bank, the minister of finance, said the number of beneficiaries would vary between 20 million and 40 million.
During her opening speech, she said: “Ahead of the target date of mid-2022 for the complete elimination of fuel subsidies, we are working with our partners on measures to cushion potential negative impact of the removal of the subsidies on the most vulnerable at the bottom 40% of the population.
“One of such measures would be to institute a monthly transport subsidy in the form of cash transfer of N5,000 to between 30 – 40 million deserving Nigerians.”
For 30 million Nigerians, the cost of maintaining this grant per year will be N1.8 trillion, which is also as bad as the subsidy payment itself. Going by what the minister initially said, the cost of the grants is worse. This drives the argument for keeping subsidies.
However, the minister also said during the panel discussion that the grant may not get to all 40 million Nigerians, suggesting that the final numbers will be dependent on available resources. This means a lot less than N1 trillion may eventually be spent on delivering the policy.
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TIME: FEBRUARY OR JUNE 2022?
Another challenge with the project is the timeline; questions abound on when exactly this project would kick-off. According to the Petroleum Industry Act, subsidies should be removed by February 2022. But according to the 2022 budget, subsidies will be paid till June, 2022.
Two contradicting pieces of legislation? Not exactly. When the PIB was signed by President Muhammadu Buhari, the president set up an implementation committee to execute PIA within the space of one year.
The committee, in line with the ministry of finance, budget and national planning, made room for subsidies till June 2022, but the removal could be as early as February to save the government some subsidy funds.
Will December, January, February be enough time to convince Nigerians on subsidy removal? Time will tell.

The beneficiaries would be identified as they were with other SIPs under the Buhari government, but payments will not be made physically like this
HOW WOULD THE 40M NIGERIANS BE SELECTED?
Yes, this is a recurrent question. But according to the minister, the selection process will build on the existing conditional cash transfer register used by the office of the vice-president in administering payments to poor and vulnerable Nigerians in the past.
The minister said the government will be working with state governments and non-governmental organisation (NGO) to ensure that the people who get the grant are the ones who actually get the funds.
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DEAD ON ARRIVAL?
The World Bank recommended that Nigeria “implement a large-scale (covering 25% to 50% of the population) and time-bound targeted cash-transfer program to mitigate impacts of high inflation and the PMS subsidy removal.”
It also asked the government to “redirect savings from PMS subsidy to finance primary health, basic education, and rural connectivity projects” with the country.
The bank estimates that subsidy savings could be as high as N3 trillion per year. If that is the reality, then Nigeria can go ahead with the cash transfers, and still have some money to finance primary health, basic education, and rural connectivity projects.
However, going by 2019 figures, subsidy savings will be less than N2 trillion, while N5,000 to 40 million Nigerians will amount to N2.4 trillion. At that rate, there will be no savings for other projects recommended by the bank.
Dead on arrival? A lot will depend on the final implementation plans.
TheCable
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Railway
NRC Cries Out as Vandals Strip Railway Tracks in Plateau, Bauchi
NRC Cries Out as Vandals Strip Railway Tracks in Plateau, Bauchi
The Nigerian Railway Corporation has raised fresh concern over reported coordinated attacks on railway infrastructure in parts of the country, warning that the growing wave of vandalism may trigger fatal train accidents and undermine billions of naira invested in the rail sector.
The corporation said recent incidents recorded in Plateau and Bauchi states have exposed a dangerous trend of deliberate destruction and illegal removal of railway materials critical to safe train operations and national economic activities.
According to a statement issued by the Chief Public Relations Officer of the NRC, Callistus Unyimadu, one of the latest incidents occurred on May 21, 2026, when a truck loaded with suspected vandalised railway materials got stuck between Kuru and Science School in Plateau State, exposing the activities of criminal elements involved in the theft and illegal transportation of railway assets.
The NRC also disclosed that along the Zango axis in Bauchi State, between Kilometer 878 and 889, railway slippers were completely removed on both sides of a level crossing, leaving only a few disconnected rail components behind.
The corporation warned that the destruction of railway tracks, slippers, clips, fastenings and signalling materials poses grave danger to rail transportation, noting that such acts could lead to catastrophic train accidents, disruption of services, loss of lives and severe economic setbacks.
Describing the development as an attack on critical national infrastructure and public safety, the Managing Director and Chief Executive Officer of the NRC, Kayode Opeifa, condemned the persistent vandalism, saying it amounted to sabotage against national progress.
He noted that the increasing incidents across the North Central and North East railway corridors indicate an alarming pattern requiring urgent intervention from security agencies, state governments, traditional rulers, community leaders and residents living along rail lines.
Opeifa appealed to Nigerians to regard railway infrastructure as a strategic national asset built with taxpayers’ money to support transportation, trade and economic growth, stressing that such facilities should not be reduced to scraps for illegal business activities.
He warned vandals, scrap dealers and other individuals involved in the unlawful purchase, destruction or movement of railway materials to desist immediately or face prosecution.
The corporation further called on security agencies to strengthen surveillance and enforcement operations around railway corridors nationwide, while urging members of the public to remain vigilant and promptly report suspicious activities around railway facilities.
The NRC urged Nigerians to join hands in protecting railway infrastructure, insisting that the nation’s rail system remains too important to be left vulnerable to criminal attacks.
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Railway
Sallah Rush: NRC Adds Extra Lagos-Ibadan Train Trips, Osun Sponsors Free Rail Service
Sallah Rush: NRC Adds Extra Lagos-Ibadan Train Trips, Osun Sponsors Free Rail Service
The Nigerian Railway Corporation has announced additional train services on the busy Lagos–Ibadan corridor ahead of the Sallah celebration, citing an anticipated surge in passenger traffic during the festive period.
In a statement signed by the Corporation’s Chief Public Relations Officer, Callistus Unyimadu, the rail operator said six train trips would operate on Tuesday, May 26, 2026, instead of the regular four trips currently running on the Lagos–Ibadan Train Service (LITS) route.
According to the NRC management, the temporary increase is aimed at easing movement for Nigerians travelling to celebrate Sallah with their families and loved ones.
Under the special arrangement, trains will depart from the Lagos end at 7:45am, 1:40pm and 4:00pm, while departures from Ibadan are scheduled for 8:00am, 10:50am and 4:30pm.
The corporation stressed that the expanded operations are only for the Sallah travel window, noting that the normal four-trip Tuesday timetable would resume immediately after the festivities.
It also disclosed that the recently introduced six-trip Thursday operations on the corridor would be temporarily scaled down next week, with only four trips scheduled for Thursday, May 28, during the review period. The regular Thursday six-trip schedule will return the following week.
Meanwhile, the Osun State Government is set to operate its annual free Sallah train service on the NRC narrow gauge line for indigenes travelling home for the celebration in Osogbo.
The special train service will depart from Iddo Station in Lagos on Tuesday, May 26, while the return journey from Osogbo to Lagos is scheduled for Thursday, May 28.
NRC explained that the service, traditionally provided during festive seasons, is being sponsored by the Osun State Government through a paid partnership with the Corporation to enable Osun indigenes travel free of charge for the Sallah celebration.
The management reaffirmed the corporation’s commitment to providing safe, efficient and reliable rail transport services across the country, while wishing Nigerians a peaceful and memorable Sallah celebration.
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Auto
Jetour T2 Earns Top Global Safety Rating, Intensifies SUV Battle in Nigeria
Jetour T2 Earns Top Global Safety Rating, Intensifies SUV Battle in Nigeria
Jetour has thrown down the gauntlet in Nigeria’s increasingly competitive SUV market after its rugged T2 model secured the coveted NCAP 5-Star safety rating — a global benchmark regarded as the highest standard in crash protection and accident avoidance technology.
The achievement is expected to boost the brand’s appeal among Nigerian motorists seeking tough, family-oriented SUVs that combine advanced safety, luxury and off-road capability for the country’s challenging road conditions.
Jetour Nigeria discloses this in a statement, stressing that it is backing the T2 with a growing nationwide dealership and after-sales support network, including trained technicians, genuine spare parts, structured maintenance plans and warranty coverage aimed at boosting long-term ownership confidence.
Positioned as a bold “super SUV,” the Jetour T2 was designed specifically with Nigerian driving conditions in mind, according to the automaker.
In a country where motorists often encounter congested urban roads, long-distance highways and rough rural terrain within the same trip, the T2 is engineered to adapt seamlessly to changing environments.
Safety is seen as one of the vehicle’s strongest selling points. The SUV comes equipped with a comprehensive airbag system, SRS airbags, parking sensors, rear camera and surround-view monitor.
It also features advanced driver-assistance technologies such as Anti-lock Braking System, Emergency Braking Assist and Auto-Brake Assist, which help detect potential collisions and automatically apply braking when necessary.
Beyond safety, the T2 projects a muscular and commanding presence aimed at drivers looking for both ruggedness and refinement.
Jetour says the SUV was built to offer confidence for daily commuting while remaining capable enough for off-road adventures.
Inside, the cabin combines premium comfort with practical space. Measuring 4,785mm in length, 2,006mm in width and 1,880mm in height, the SUV offers generous legroom and headroom for occupants, making it suitable for long-distance travel and family use.
Under the hood, the T2 is powered by a 2.0-litre turbocharged engine delivering 187kW (254hp) and 390Nm of torque.
Paired with a 7-speed dual-clutch transmission, the setup provides strong acceleration, smooth overtaking capability and enough power to tackle steep inclines and demanding terrains.
A major highlight of the SUV is its advanced multi-terrain capability. The T2 features a BorgWarner sixth-generation four-wheel-drive system and XWD automatic intelligent drivetrain.
Multiple drive modes — including Sport, Eco, Normal, Mud, Rock and X Smart — allow the vehicle to adjust to varying road conditions ranging from muddy rural tracks to sandy and rocky surfaces.
Technology and convenience also feature prominently in the package. A 15.6-inch LCD touchscreen serves as the hub for infotainment, vehicle diagnostics and off-road information.
Apple CarPlay, Android Auto, Bluetooth connectivity, intelligent voice commands, cruise control and crawl control are integrated to enhance the driving experience.
Additional features such as remote start, push-button ignition, lane departure warning and blind-spot detection further improve convenience and safety for drivers.
With the T2, Jetour is seeking to position itself as a brand that understands the realities of Nigerian roads and the increasing appetite among motorists for SUVs that combine adventure, luxury and safety without compromise.
Jetour Nigeria specifically lists its accredited dealers spread across the country as Elizade Nigeria Limited, New Era AutoVehicle Services Limited, Kojo Motors, Germaine Auto Centre, Tab Autos Limited, R. T. Briscoe Motors and Mandilas Autos.
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