Removal of fuel subsidy in Nigeria

Effects on Everyday Nigerians Increase in Fuel Prices The removal of fuel subsidy will inevitably lead to a significant increase in fuel prices. This rise will directly impact the cost of transportation, affecting the prices of goods and services across the board. The average Nigerian, already grappling with a high cost of living, may experience additional financial strain. For example, imagine a typical Nigerian worker who commutes to work daily. With the removal of fuel subsidy, the cost of transportation could increase by a substantial margin, resulting in reduced disposable income and potential hardship.