The rising price of fuel in Nigeria
Ending subsidies has caused a spike the cost of petrol - we look at the impact on consumers and businesses - and the knock-on effect for neighbouring countries like Cameroon.
In May this year, Nigerian president Bola Tinubu took office 鈥� and announced an end to fuel subsidies.
He said the move would free up money for investment in public services and infrastructure projects, but it caused a spike in prices and, in some cases, triggered street protests.
We explore the impact of removing the subsidy on residents and businesses, and the knock on-effect for neighbouring countries like Cameroon.
Presenter/producer: Bisi Adebayo
(Image: Members of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC), Senior Staff Association of Nigerian Universities (SSANU), Academic Staff Union of Universities (ASUU), National Union of Road Transport Workers (NURTW) holds a placard during a march in Abuja on August 2, 2023. Credit: Getty Images)
Last on
More episodes
Broadcast
- Wed 11 Oct 2023 07:32GMT麻豆社 World Service
Podcast
-
![]()
Business Daily
The daily drama of money and work from the 麻豆社.
