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The Intelligence from The Economist

A messy oil change: Nigeria’s fraught reforms

Sep 7, 2023
22:05
Snipd AI
Nigeria's President faces challenges in implementing promised reforms; Indian cities need more autonomy to thrive; The trend of kinder, gentler video games is on the rise
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Podcast summary created with Snipd AI

Quick takeaways

  • Nigeria's President Bolatinubu's reforms, including the scrapping of fuel subsidies, have led to significant price hikes and dissatisfaction among the average Nigerian.
  • Bhubaneswar, a city in India, provides a successful model for addressing urban challenges through greater autonomy and power for cities.

Deep dives

Challenges facing Nigerian President after 100 days in office

After 100 days in office, Nigeria's President Bolatinubu is facing mixed reviews. While investors are broadly happy with his performance, the average Nigerian is concerned about the rising inflation and cost of living. The scrapping of fuel subsidies, though necessary, has led to significant price hikes in petrol and transportation fares. Many Nigerians, particularly those relying on diesel-powered generators, are feeling the impact. The government's attempts to provide cash transfers to the poorest citizens have been hindered by political squabbles, leaving people dissatisfied with the inadequate solutions.

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