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“Worst hit are filling stations whose owners find it extremely difficult to secure funds to procure products for their retail outlets and both the independent and major marketers are so terribly affected that as at today, filling stations are shutting down in great numbers on a daily basis and dealers are going out of business with many more on the verge of bankruptcy because of their inability to secure funds to facilitate orders for their stations. ....
According to the Chief Operating Officer, of United Nigeria Airlines, Mr Osita Okonkwo, “Aviation kerosene also known as Jet A1 is available in the market. But the volatility of the price remains our greatest challenge. ....
BRICS has promised to help engineer a multipolar world order which would serve as a counter weight to the current Washington Consensus that has hardly worked in any developing country. It is unfortunate that an uncritical consensus seems to have been built around the very fallacious notion that subsidies are bad and distorts everything in the economy. ....
In West Africa, Nigeria, which just abandoned its expensive fuel subsidy scheme, is also suffering from the effects of increased gasoline prices, despite still boasting one of the world's lowest fuel prices. ....
In a nation known for resilience, Nigeria's market women have weathered storms and adapted to change. The removal of subsidies may be another test of their strength, but with the right support and interventions, they can overcome these challenges and continue to thrive. ....