More than two weeks after announcing the end of fuel subsidies dating from the 1970s, Nigeria's new President Bola Tinubu called the move a necessary "sacrifice" and promised Nigerians "massive" investment in public services in return. Nigerians are being asked to tighten their belts while they wait for better days. Two weeks after announcing the abolition of state fuel subsidies – causing petrol, transport and food prices to soar – President.
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The administration of Nigeria’s new president, Bola Ahmed Tinubu, has started with a snag. At his inauguration on Monday, Tinubu announced the total removal of the highly controversial but popular fuel subsidy, resulting in high prices and long queues nationwide. Although the policy goes into effect on July 1, it has already sparked concerns – |