Africa Matters: Fuel prices soar as Nigeria scraps subsidy

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Africa

Africa Matters: Fuel prices soar as Nigeria scraps subsidy

Nigeria’s new government has officially removed its controversial fuel subsidy, nearly five decades after it was introduced. Economists repeatedly warned that the policy was unsustainable, but successive governments faced backlash each time they tried to end it. And the decision has already had a ripple effect across the country.

June 4, 2023