Uwaleke Calls For Reset Of ‘Faulty Economic Structure’ As Fuel Subsidy Removal Cripples Nigeria’s Transport Sector

Nigeria’s fuel subsidy removal crippled the country’s transportation and storage sector as activities contracted by -50.64 per cent in real terms in the second quarter of the year.

The development has raised concerns among analysts like Uche Uwaleke, Professor of Finance and Capital Markets, Nasarawa State University who believes Nigeria’s economic structure needs immediate reform.