The removal of petrol subsidy by President Bola Ahmed Tinubu's administration has become one of the most consequential economic decisions in recent years, affecting transportation, food, and household consumption costs across Nigeria. Since the policy was announced in May 2023, petrol prices have risen sharply, impacting virtually every segment of the economy. The government defended the decision as necessary to prevent fiscal collapse, while many Nigerians have experienced rising living costs. The controversy has gained political dimension with former Vice President Atiku Abubakar proposing a redesigned subsidy approach.
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