On 29 May, 2023, petrol was selling at roughly ₦195 per litre at the prevailing official pump price in many parts of Nigeria. Within days of President Tinubu’s declaration that “subsidy is gone,” prices jumped dramatically, with the NNPC subsequently announcing new prices ranging from about ₦488 to ₦555 per litre depending on location.
Fuel subsidy: Let’s debate the real solution to Nigeria’s cost-of-living crisis, By John Okiyi Kalu
