Nigeria's new government has embarked on a controversial economic reform by removing the costly fuel subsidy, a move that has sent fuel prices soaring and triggered protests. The government argues the subsidy was unsustainable and created a massive fiscal deficit. However, the decision has compounded the economic hardships faced by millions of Nigerians, with transportation costs and consumer prices skyrocketing. The labor unions are demanding a new minimum wage and social safety nets. The country is bracing for further economic challenges.
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