Whatever strategy President Buhari chooses to address this program one thing is clear – he will be moving against very powerful forces, entrenched since the advent of democracy.
Nigeria’s new president, Muhammadu Buhari, is considering whether or not to end an expensive fuel subsidy programme, although many Nigerians see cheap fuel prices as perhaps the only benefit...
With insufficient refining capacity, Nigeria is forced to import almost all the fuel it needs – despite being the Africa’s largest and world’s 6th largest exporter of crude oil....
According to our independent analysis based on average domestic fuel consumption, subsidies claimed by fuel marketers cost Nigeria $2.9bn over the last year. Here we explain the Nigerian fuel...