Chukwuemeka mbagwu

Unveiling the Dynamics: NNPC Fuel Prices and Subsidy Removal in Nigeria. Content Warning.

To fully grasp the NNPC fuel prices and subsidy removal, it is crucial to understand the historical context. Nigeria, as an oil-producing nation, has historically relied on subsidies to cushion the impact of volatile global oil prices on its citizens. These subsidies aimed to ensure affordable fuel prices, foster economic stability, and alleviate poverty. However, the sustainability and effectiveness of this approach came into question over time.