Unaffordability of fuel after the removal of the fuel subsidy Nigeria 2023, by region

Published by
Doris Dokua Sasu,
Sep 30, 2024
Based on a survey conducted in 2023, after the decision of the removal of the fuel subsidy taken by the Nigerian federal government, the majority of respondents in all regions of Nigeria reported that they would not afford to buy fuel if its price reached anywhere from 537 to 549 Nigerian naira per liter, which is equivalent to 0.72 to 0.74 U.S. dollars.
According to the source, this decision was taken by the government to lighten its economic burdens, as the cost of maintaining the the fuel subsidy has increased over the years.

Unaffordability of fuel prices after the removal of the fuel subsidy in Nigeria in 2023, by region

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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: "At which price would you not be able to buy fuel/petrol?"

As of October 6, 2023, 1 Nigerian naira is equivalent to 0.0013 U.S. dollar.

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