It seems the Government does not understand the multiplier effect of fuel subsidy increase on the economy.

E.g: Auto fueling.
Regular fuel purchase/week (full tank)
N12,075 (73 litres) @ 165 = N48,300 (4 weeks)
Anticipated new price:
@ 450 = N32,850 (73 ltrs) = N131,400 (4 weeks)

Generator fueling home
Regular fuel purchase/week (full tank)
N5,000 (30 ltrs) @ 165 = N20,000 (4 weeks)
Anticipated new price:
@ 450 = N13,500 (30 ltrs) = N54,000 (4 weeks)

Generator fueling/business expense
Regular fuel purchase/week
N19,800 (120 ltrs) @ 165 = N79,200 (4 weeks)
Anticipated new price:
@ 450 = N54,000 (120 ltrs) = N216,000 (4 weeks)

They will share #5000 to an imaginary poorest of the poor to cushion the effect. Very insensitive and useless govt

Some businesses are about to fold

From 165 to 400+

Some people are actually living in a wonderland like Alice

So many poor analysts everywhere