Impact of Fuel Subsidy Removal on Low-Income Households, Micro Businesses, and Humanitarian Operations in Jere, MMC, and Damboa LGAs, Borno State - Mercy Corps Nigeria

Post date Wednesday, July 12, 2023 - 13:08
Month(s) covered 2023-07
Document Type Assessment Report
Content Themes Livelihoods, Food Security
Sources Other

Background

  • During President Bola Ahmed Tinubu’s inauguration speech on May 29, he declared that the national subsidies on petroleum derivatives would be lifted and funds would be re-channelled towards supporting public infrastructure, education, healthcare, and job creation.
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  • The subsidy removal was effected a few days later.

 

  • Citizens and residents in Nigeria have expressed concern over the effect of removing fuel subsidies, specifically regarding their livelihoods and standard of living.
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  • Taking this into account, NAT conducted a flash assessment on the immediate impact of the fuel subsidy removal, focusing on low-income households, micro-businesses, and humanitarian/development organizations in Borno State

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