Inauguration of Nigeria's Presient Tinubu

Nigeria: President Tinubu announces end to fuel subsidies as he takes office

Issue 486 - 30 May 2023 - By Jon Marks | 2 minute read

Bola Ahmed Tinubu acted decisively at his 29 May inauguration as head of state, by ordering the removal of subsidies on petroleum products. Sources close to his incoming administration had predicted such a move was likely, but the timing of any announcement had been unclear. Previous governments have promised to remove subsidies before backing away from such a decision, so Tinubu’s nerves are likely to be tested in the face of the protests that are now likely.

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