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France 24

World

Grégoire SAUVAGE

A necessary ‘sacrifice’: Nigeria ends almost 50 years of fuel subsidies

Bola Tinubu Nigeria Oil NNPC

Nigerian President Bola Tinubu waves to a crowd as he takes the traditional ride in a ceremonial vehicle after his swearing-in ceremony in Abuja, Nigeria on May 29, 2023. © Temilade Adelaja, Reuters

More than two weeks after announcing the end of fuel subsidies dating from the 1970s, Nigeria's new President Bola Tinubu called the move a necessary "sacrifice" and promised Nigerians "massive" investment in public services in return.

Nigerians are being asked to tighten their belts while they wait for better days. Two weeks after announcing the abolition of state fuel subsidies – causing petrol, transport and food prices to soar – President Bola Tinubu asked his compatriots to be patient.

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