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As Nigeria scraps fuel subsidy, a vibrant black market collapses

As Nigeria scraps fuel subsidy, a vibrant black market collapses

DESIRE DANGA ESSIGUE THINGS have been topsy turvy lately on the roadsides of West African nations where cheap contraband petrol from Nigeria has abruptly doubled in price, upending an informal sector that is central to the region's economic activity. Since Nigeria scrapped a state fuel subsidy on May 31, black market fuel vendors and commercial drivers in Cameroon, Benin and Togo who were heavily reliant on petrol smuggled from Nigeria have seen their businesses collapse. With supplies dwindling, queues have been forming at official petrol stations, where fuel is now competitively priced. In Garoua, a town in northwest Cameroon about…
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