Fuel price hike: Nigerian economy on the precipice
Though stakeholders are divided over the impact of the fuel price hike on the Nigerian economy in the medium to long term, it is however, a general consensus that in the short term, the effect of the hike on the economy would be unpleasant and near disastrous. In the wake of the hike, the Federal Government and other stakeholders had stated that the new price would bring temporary hardship on Nigerians, stating that it is a bitter pill that everyone must swallow for the country to survive difficult times and move forward.

