According to the World Bank, if the Nigerian government doesn’t compensate or provide support, approximately 7.1 million impoverished Nigerians could experience further impoverishment following the removal of fuel subsidies. A Washington-based institution has projected that inflation could reach 25 percent in 2023 due to the elimination of petrol subsidies. This projection was published in the … Continue reading World Bank Warns of Potential Increase in Poverty amid Removal of Fuel Subsidy