The Price of Reform: Fuel Subsidy and the Inflation Equation in Nigeria
Nigeria’s economic landscape is undergoing its most challenging transition in decades, driven entirely by the removal of the long-standing petrol subsidy. When President Bola Tinubu took a “cold turkey” approach to axing the multi-billion dollar program, the immediate result was a violent shockwave across consumer markets. Overnight, petrol pump prices spiked, triggering a domino effect … Read more