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 age groups 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 fuel subsidy in Nigeria in 2023, by age
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NOIPolls. (July 31, 2023). Unaffordability of fuel prices after the removal of fuel subsidy in Nigeria in 2023, by age [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1417229/unaffordability-of-fuel-price-in-nigeria-by-age/
NOIPolls. "Unaffordability of fuel prices after the removal of fuel subsidy in Nigeria in 2023, by age ." Chart. July 31, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1417229/unaffordability-of-fuel-price-in-nigeria-by-age/
NOIPolls. (2023). Unaffordability of fuel prices after the removal of fuel subsidy in Nigeria in 2023, by age . Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1417229/unaffordability-of-fuel-price-in-nigeria-by-age/
NOIPolls. "Unaffordability of Fuel Prices after The Removal of Fuel Subsidy in Nigeria in 2023, by Age ." Statista, Statista Inc., 31 Jul 2023, https://www.statista.com/statistics/1417229/unaffordability-of-fuel-price-in-nigeria-by-age/
NOIPolls, Unaffordability of fuel prices after the removal of fuel subsidy in Nigeria in 2023, by age Statista, https://www.statista.com/statistics/1417229/unaffordability-of-fuel-price-in-nigeria-by-age/ (last visited November 22, 2024)
Unaffordability of fuel prices after the removal of fuel subsidy in Nigeria in 2023, by age [Graph], NOIPolls, July 31, 2023. [Online]. Available: https://www.statista.com/statistics/1417229/unaffordability-of-fuel-price-in-nigeria-by-age/