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World Business Report: First broadcast 01/06/2023 14:32 GMT : Nigeria's fuel crisis: the end of subsidies sparks chaos

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Nigeria's fuel crisis: the end of subsidies sparks chaos

First broadcast 01/06/2023 14:32 GMT 

First broadcast 01/06/2023 14:32 GMT : Nigeria's fuel crisis: the end of subsidies sparks chaos

BBC World Service - World Business Report, Nigeria's fuel crisis: the end of subsidies sparks chaos

Fuel prices jump in Nigeria after petrol subsidies are removed

Prices jumps and panic buying spread across Nigeria’s petrol stations after a new government removes subsidies.

Snaking queues have been spreading across Nigeria’s petrol stations after the new president Bola Tinubu announced the end of fuel subsidies on Monday. As panic buyers try to fill up their deposits amid fear of fuel shortages, we hear about the impact this is having on businesses. 

(Picture: Flag of Nigeria on the car's fuel tank filler flap. Picture Credit: Getty Images)

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First broadcast 01/06/2023 14:32 GMT : Nigeria's fuel crisis: the end of subsidies sparks chaos

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