Inflation

The Fuel Subsidy And Currency Devaluation

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The concurrent implementation of fuel subsidy removal and foreign exchange market unification (currency devaluation) by the [Nigerian Government](https://fmino.gov.ng/tinubu-resetting-nigerias-economy-dr-alake/) fundamentally reshaped the nation’s economic landscape, trading acute fiscal collapse for a severe cost-of-living crisis. While these bold policy pivots successfully averted a historic “fiscal cliff,” they catalyzed massive inflationary shocks that heavily compressed private consumption. [1, … Read more

The Subsidy Inflation

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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