NEWS: World Bank Sends Strong Warning Against Further Petrol Price Increase in Nigeria

World Bank Sends Strong Warning Against Further Petrol Price Increase in Nigeria

The World Bank warned that a further increase in the price of gasoline could jeopardise Nigeria’s already fragile economic recoveryThis follows the sharp increase in prices from ₦175 per liter to over ₦1,000 nationwide since the removal of fuel subsidiesThe World Bank anticipated that Nigeria’s GDP would grow by 3.3% in 2024 and 3.6% in 2025–2026 as macroeconomic and fiscal reforms start to take hold

Henzodaily.ng journalist Zainab Iwayemi has over 3-year-experience covering the…

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