To Nigeria want to cancel fuel subsidies for the population

The president Nigeria Bol Tinubu, sworn in, declared intention to cancel subsidies for oil products which are on sale to the population. About plans of the head of state reports MarketWatch. In Tinubu's inaugural speech declared that money will be redirected on improvement of public infrastructure. Subsidies do import gasoline cheaper, than it actually costs. In turn, it affects state revenues. The monthly size of subsidies now exceeds 400 billion naira ($864,5 million). In administration of the previous president Nigeria to Mokhammadu Bukhari warned earlier...