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When Nigeria removed fuel subsidy in 2023, the decision was presented as a painful but necessary step to rescue the nation’s finances. Government officials argued that subsidy payments were draining public resources and pushing the country deeper into debt.
NIGERIA DAILY: Will Cutting Import Duties Really Reduce Food Prices?
Today, Nigeria’s public debt has climbed to about ₦121 trillion, according to the Debt Management Office, while prices of food, transportation, and other basic needs continue to rise across the country.
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Many Nigerians now find themselves asking a difficult question:
If removing fuel subsidy saved money, why is life still so expensive?
NIGERIA DAILY: Why Four Years Is Not Enough For Tinubu – Bayo Onanuga
Today on Nigeria Daily, we speak with ordinary Nigerians feeling the daily impact of rising costs, a public policy commentator on how subsidy savings are being managed, and an economist on whether removing fuel subsidy truly saved Nigeria’s economy or simply shifted the burden onto citizens.
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