Opposition in world’s poverty capital lures voters with costly subsidy return

BusinessDay | 08-10-2026 04:54am |

Nigeria’s opposition parties are proposing the return of costly fuel subsidies to attract voters, despite previous campaign promises by candidates like Peter Obi and Atiku Abubakar to remove them. The move comes as Nigeria, described as the world’s poverty capital, prepares for the next presidential election. A new subsidy burden could cost N14 trillion yearly, according to the report. The article highlights the backtracking on 2023 campaign promises.

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