Nigeria s fuel subsidy hangover bodes ill for state finances Reuters 2/18/2021 Oil marketers say petrol cost govt 30 naira/litre in Feb NNPC s Kyari says full price float could hurt consumers Pump prices have risen, citizens struggling to afford fuel
By Libby George
LAGOS, Feb 18 (Reuters) - Dauda Adekanbi drives one of the hundreds of yellow minibuses that weave through Lagos, Nigeria s thrumming commercial capital.
Customers line up despite the coronavirus pandemic. But he has a different problem: rising petrol prices. Fuel is the only thing the government keep increasing, the 50-year-old told Reuters on a busy Friday afternoon.
While Adekanbi is feeling the pinch, observers say government coffers are at risk, too.
Nigeria s fuel subsidy hangover bodes ill for state finances
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Nigeria s fuel subsidy hangover bodes ill for state finances
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.