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Nigeria’s small businesses feel squeeze after petrol subsidy scrapped

By Reuters
10 July 2023   |   6:53 am
In a roadside welding shop in Nigeria’s commercial capital Lagos, Shola Ojo gives his power generating set a second pull before the engine revved up, now he is ready to start his business for the day. All around him are unfinished metal doors and gates that he now has to work on for almost double the cost since new President Bola Tinubu scrapped a fuel subsidy, sharply driving up the cost of petrol.

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