Impact of the removal of fuel subsidy in Nigeria 2023
Based on a survey conducted in 2023, 73 percent of respondents stated that the Nigerian federal government's decision to remove the fuel subsidy has "increased their spending". On the other hand, two percent reported that this decision has led to "a reduction in their working days". Interestingly, only five percent said that this decision did not impact them. According to the source, this decision was taken by the government to lighten its economic burdens, as the cost of maintaining the fuel subsidy has increased over the years.