Balancing subsidy removal and social welfare key to Nigeria’s sustainable economic growth.
Nigeria fuel subsidy
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“Following the removal of fuel subsidies, Nigeria sees a 50% reduction in petrol imports, marking a significant shift towards economic sustainability and efficiency.
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President Bola Tinubu explains the crucial yet difficult decision to remove petrol subsidies, focusing on long-term benefits for Nigeria’s energy sector and economy.
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Nigeria’s fuel subsidy spending hits N907.5 billion monthly, highlighting economic pressures and prompting transport sector to consider strike actions.
