The Intelligence from The Economist

A messy oil change: Nigeria’s fraught reforms

4 snips
Sep 7, 2023
Ore Ogunbiyi, a Lagos correspondent, discusses Nigeria's tumultuous political landscape under President Bola Tinubu, particularly the delayed reforms and rising public discontent amid inflation. Leo Marani, reporting from India, analyzes the uniquely positive aspects of Bhubaneshwar as a model for urban governance, advocating for more local autonomy in addressing urban challenges. The conversation also touches on the intriguing shift in video gaming towards non-violent narratives, reflecting broader cultural changes in entertainment.
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INSIGHT

Nigeria's Economic Challenges

  • Tinubu's legal challenges are over, but governing Nigeria remains difficult.
  • His reforms, while praised by investors, have negatively impacted average Nigerians.
ANECDOTE

Rising Costs in Nigeria

  • Ore Ogunbiyi reports from Lagos that Nigerians are struggling with rising costs.
  • The price of rice has almost doubled, and other staples have increased significantly.
INSIGHT

Fuel Subsidy Removal

  • Removing the fuel subsidy was necessary but has doubled petrol prices.
  • This has significantly affected transport costs and people's finances.
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