Angola vs Nigeria: The Real Cost of Fuel Subsidy Removal

I’m responding to Kewtt’s claim that life is better in Angola because of petrol subsidies. I used Google AI to summarize Angola’s recent subsidy removal and its impact. I don’t support Tinubu. My support for subsidy cuts began in January 2012 after reading widely and listening with an open mind. No Nigerian government has made the tough choices needed for true development. Angola’s IMF-backed subsidy cuts aimed to fix fiscal imbalances. But fuel prices jumped 87% in June 2023. Inflation rose to 27.5% by December 2024. Living costs and debt levels surged, and protests erupted. Public debt is still 62.4% of GDP. The kwanza fell over 10% in 2024. The government suspended 500 projects. A full subsidy phase-out is set for 2028. These hardships show that life in Angola isn’t all rosy.

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