Nigerian small businesses suffer from the removal of...
International News
July 7, 2023
Small Nigerian businesses are experiencing the impact of increased transportation expenses and commodity prices as a result of the removal of long-standing petroleum subsidies. Bello Abdulkadri, who oversees a laundry service in Abuja, highlights the challenges he faces with high electricity bills and the need for a backup generator due to unreliable power supply. Since the subsidy, which had kept fuel prices significantly lower than their actual cost since the 1970s.