This report is courtesy of PremiumTimes, a Nigerian news organization that tracked the impact of the subsidy removal nationwide, most regions of Nigeria saw a major increase in food prices and transportation costs for intrastate and interstate travel.
Last week, as Nigerians struggled with the consequences of the government’s decision to remove fuel subsidies, the cost of transportation and other necessities as well as the prices of these items all increased dramatically across the nation.
“We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favored the rich more than the poor. The subsidy can no longer justify its ever-increasing costs in the wake of drying resources,” the president said.
