Cost of fuel subsidy increased by 890% in 5 years – SBM …
The costs of fuel subsidy in Nigeria increased by 890% over a five year period (2017-2021) in Nigeria even though fuel prices have only increased by 12.1%. This was disclosed by socioeconomic research firm, SBM Intelligence in its report titled "G rowing fuel prices and transport costs: Which way Nigeria.". The report stated that between ...