Nigeria's Fuel Subsidy Halt Triggers Chaos and Tripled Gas Prices.

Gas prices have almost tripled in Nigeria after President Bola Tinubu announced the end of fuel subsidies, which have kept gasoline prices artificially low for decades. The decision is part of a broader effort to deregulate the country's vital oil sector and attract greater investment into oil and gas. Fuel subsidies are a drain on public finances and have led to widespread abuse and corruption. The move has sparked panic-buying and long lines at gas stations, with some selling at higher prices or stopping sales altogether. The decision has been criticized by trade unions and analysts who warn of increased poverty and violent crime.