Two Years After Subsidy Removal: Nigeria Faces Hardship Despite Increased State Revenue
Two Years After Subsidy Removal: Nigeria Faces Hardship Despite Increased State Revenue Two years after President Tinubu removed Nigeria’s petrol subsidy, the country continues to face severe economic hardship. The subsidy removal led to a sharp increase in fuel price; petrol prices surged from about N185 to over N1000 per liter; triggering widespread inflation and…