AdvertisementsPresident Bola Tinubu announced the complete removal of the controversial fuel subsidy during his May 29th, 2023 inauguration. This announcement has since led to increased transport fares in Nigeria, especially in the South West region. When the fuel subsidy was removed, the cost of fueling these vehicles increased significantly, a Techeconomy investigation has shown. Lagos to AbeokutaLagos to Abeokuta, a crucial route for many commuters, has also felt the brunt of fuel subsidy removal. Now, passengers must budget for approximately ₦2,000, marking a notable 100% rise in transport fares.

Source: The Guardian August 31, 2023 15:05 UTC