Article 6C7F5 ‘I’m left with nothing’: Nigerians feel brunt of economic shakeup

‘I’m left with nothing’: Nigerians feel brunt of economic shakeup

by
Richard Assheton in Lagos
from on (#6C7F5)

President Tinubu's policies please foreign investors, but a devalued currency and soaring petrol prices mean national sacrifice mode' is widely unpopular

Nigerians are feeling the strain as their new president pushes through a series of unpopular policies that have earned him praise from foreign investors.

Bola Tinubu, who was sworn in on 29 May, has surprised many observers by taking a running start to his tenure of Africa's most populous country. In little over two weeks he has banished a longstanding petrol subsidy, ejected the country's central bank governor and ended restrictions on the rate of the naira, Nigeria's currency.

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