Fuel Subsidy Removal and Nigeria’s Continuous Borrowing.
When President Bola Tinubu declared that “fuel subsidy is gone” in May 2023, it marked one of the most consequential economic decisions in Nigeria’s recent history. The administration argued that ending the costly subsidy regime would free trillions of naira annually for investment in roads, schools, hospitals, power infrastructure, and other public services. For many Nigerians, the expectation was clear: the immediate hardship would eventually translate into visible n
