Impact of the removal of fuel subsidy in Nigeria 2023

Published by
Doris Dokua Sasu,
Sep 30, 2024
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.

Impact of the removal of fuel subsidy by the Nigerian federal government in 2023

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Release date

July 2023

Region

Nigeria

Survey time period

June 9, 2023

Number of respondents

1,000 respondents

Age group

18 years and older

Special properties

interviews were conducted in 5 languages – Igbo, Hausa, Yoruba, Pidgin English, and English.

Method of interview

Telephone interview

Supplementary notes

This question was phrased by the source as follows: "How has the fuel subsidy removal impacted on your daily activities?"

The source does not provide any information regarding percentage points exceeding 100 percent.

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