Three Years After Subsidy Removal — Better Economy or Harder Life?

from Nigeria Daily · host Daniel Ariyo Oluwole

It has been three years since the removal of fuel subsidy, a policy that has significantly reshaped Nigeria’s economy, with petrol prices rising from about ₦198–₦210 per litre to as high as ₦1,300 in some parts of the country today.Nigerians are increasingly facing higher transport fares, food prices, and rent, with many households struggling as incomes fail to match the rising cost of living. On this episode of Nigeria Daily, we examine whether the subsidy removal has improved the lives of ordinary Nigerians or worsened economic hardship.

What this episode covers

It has been three years since the removal of fuel subsidy, a policy that has significantly reshaped Nigeria’s economy, with petrol prices rising from about ₦198–₦210 per litre to as high as ₦1,300 in some parts of the country today. Nigerians are increasingly facing higher transport fares, food prices, and rent, with many households struggling as incomes fail to match the rising cost of living. On this episode of Nigeria Daily, we examine whether the subsidy removal has improved the ...