The Impact of Rising Fuel Prices on the Car Industry and Neighboring Countries

In May this year, Nigerian president Bola Tinubu took office – and announced an end to fuel subsidies.

He said the move would free up money for investment in public services and infrastructure projects, but it caused a spike in prices and, in some cases, triggered street protests.

We explore the impact of removing the subsidy on residents and businesses, and the knock on-effect for neighbouring countries like Cameroon.

Presenter/producer: Bisi Adebayo

(Image: Members of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC), Senior Staff Association of Nigerian Universities (SSANU), Academic Staff Union of Universities (ASUU), National Union of Road Transport Workers (NURTW) holds a placard during a march in Abuja on August 2, 2023. Credit: Getty Images)