TINUBU, NIGERIA AND THE FUEL SUBSIDY ALBATROSS

By Temitope Ajayi The removal of fuel subsidy and the convergence of the foreign exchange markets, the two major policy objectives President Bola Tinubu has committed himself to since assuming office, inevitably came with economic cost to the people who have had to bear the pains of higher cost of living. The jump in pump price of fuel and devaluation of naira in a bid to close the gap between the bank and parallel market rates meant higher transportation cost, higher food price and higher cost of doing business for…

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