Nigeria’s removal of fuel subsidies in late May 2023 and the shift toward a more market-reflective foreign exchange regime have altered how public resources are distributed across the federation.
Higher fuel prices and a weaker naira were the immediate effects. The more durable change is fiscal
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Oluwatobi Ojabello
Oluwatobi Ojabello, PhD, is a dynamic and multi-dimensional Assistant Editor for Economy and Markets with over two years of professional journalism experience. He delivers authoritative, data-driven coverage of fiscal policy, financial institutions and capital markets, using clear analysis to explain Nigeria’s most complex economic developments. His work focuses on macroeconomic policy, financial stability and corporate performance, turning technical issues into accessible narratives that inform both experts and everyday readers.
