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RE: Effect of the fuel subsidy removal on the Nigerian economy

in LeoFinancelast year

The news of the announcement was a shock to me because it wasn't expected. The aftermath is even worse. Transportation price has risen in barely 24 hours. Going to work will become a problem, and salaries will no longer be enough because it will result in having to spend much more than we earn.

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Exactly. This is one of the conditions that the labour Congress made mention of. That the Nigeria government ought to have increased the salary of the civil servants and build a refinery to reduce the cost of importation of fuel before making such announcement.