Within one week, Mayowa Adesina staggeringly watched the fuel expenses for the generator in his barbershop soar, the highest-ever jump since he entered the haircut business over 15 years ago.
“I’ve never bought fuel and paid N10,000 [$13] before. Now I buy it and it lasts for three days,” says Mr Adeshina, a barber in Festac Town, Lagos.
On the day he assumed office as Nigeria’s 16th president on 29 May, Mr Tinubu announced the removal of fuel subsidy, a decision that saw the price of petrol jump three-fold across the country. In Lagos, the price of one litre rose from N180 to about N500. Outside Lagos, it costs even higher.
