Jump to navigation

Vol 64 No 17

Published 24th August 2023


Nigeria

Pushback tests Tinubu's tilt to the market

Anger on the streets is mounting in the wake of spiralling food and fuel

Hailed by bankers and foreign investors, President Bola Tinubu's decisions to end fuel subsidies and float the naira have collided with reality. The measures are fuelling the highest inflation for almost two decades and the government's mooted palliatives are falling short of its promises. It started when Tinubu delivered his inaugural speech on 29 May, ending the fuel subsidy which was costing about US$800 million a month.

End of preview - This article contains approximately 1759 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.