Post by Harry Haggi (@Accidentallyawake)
Necessary or Reckless?
The removal of fuel subsidies and the unification of the naira exchange rate were bold. Economists called it overdue. Citizens called it brutal.
Fuel prices spiked.
Transportation and food costs surged.The naira weakened significantly before stabilizing attempts.
Inflation has squeezed the middle class and devastated low-income households.
The policy direction signals seriousness about reform. But execution speed without cushioning mechanisms created real hardship.
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