Effect of the fuel subsidy removal on the Nigerian economy

The possible financial effect of the removal of fuel subsidy as announced by the newly sworn-in president of Nigeria is discussed in this video. Factors such as an increase in fuel price directly impacting transportation is discussed alongside the nationwide ripple effect this would have on the prices of goods and servicess.

A new level of poverty is expected, as the below average citizen will no longer be able to afford his/her basic needs.

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