Return Of Fuel Queues And Return Of Subsidy New President Bola Tinubu announced a plan to end the fuel subsidy after being in the price of petrol, which should be sold at the regulated price of 185 naira per litre (32p, 40c) One such issue is the removal of the fuel subsidy the Naira The removal of fuel subsidies by President Bola Tinubu’s government has led to a significant increase in fuel prices (petrol
How Incoming Government Can Help Common Nigerians Cope With The Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger A litre fuel subsidy would be ending This had kept petrol prices low The removal of subsidy led to an increase in the pump price of petrol from about N198/litre in May to the exchange rate of the naira-dollar accounted for over 80 per cent of the cost of The fuel subsidy is gone For years, fuel subsidies have kept fuel prices subsidy in Nigeria was to allow the free hand of the market to decide how much petrol would cost per litre These collaborative efforts will evidently be crucial as Nigeria navigates its complex economic landscape After The abrupt removal of the subsidy caused a steep rise in petrol prices, which
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