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The Guardian - UK
The Guardian - UK
World
Richard Assheton in Lagos

‘I’m left with nothing’: Nigerians feel brunt of economic shakeup

People ride on motorcycle taxi past the United Bank of Africa headquarters in Lagos, Nigeria, on Thursday.
People ride on motorcycle taxis past the United Bank of Africa headquarters in Lagos, Nigeria, on Thursday. Photograph: Sunday Alamba/AP

Nigerians are feeling the strain as their new president pushes through a series of unpopular policies that have earned him praise from foreign investors.

Bola Tinubu, who was sworn in on 29 May, has surprised many observers by taking a running start to his tenure of Africa’s most populous country. In little over two weeks he has banished a longstanding petrol subsidy, ejected the country’s central bank governor and ended restrictions on the rate of the naira, Nigeria’s currency.

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