Despite petrol subsidy removal, crises linger in Nigeria’s downstream sector

Five months after the Bola Tinubu administration removed subsidy on petrol, major crises bedeviling the petroleum sector continue with ripple effects on the livelihood of Nigerians.

President Tinubu had, in his inaugural address on 29 May, announced the removal of  the subsidy, to lift a major financial burden off the back of the government.

The Nigerian government had for decades subsidised and fixed retail prices of petroleum products.

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