TIPS TO SURVIVING SUBSIDY REMOVAL IN NIGERIA 🇳🇬

The removal of fuel subsidy in Nigeria can be a tough phase to navigate for individuals and businesses. However, there are some tips that can help one survive this period:



1. Adopt fuel-efficient habits: One of the ways to cope with the effects of fuel subsidy removal is to adopt fuel-efficient habits like carpooling, maintaining your vehicle, and reducing unnecessary trips.


2. Buy food in bulk. If you are not used to buying bags of beans, “garri” or rice, start now. Price will increase as cost of logistics also increase. If you have to borrow to do this, then do so. 


3. Create a budget: It's important to create a budget that reflects the current economic realities. Prioritize expenses while cutting back on non-essential costs.


4. Explore renewable energy sources: Exploring renewable energy sources like solar energy for powering your home, office, or business can help reduce energy costs. Bulk costs but worth it. 


6. Identify income-generating opportunities: Consider exploring new income-generating opportunities that align with your skillset. This could include part-time jobs or side hustles.


In summary, surviving subsidy removal in Nigeria requires a positive mindset, proactive planning, and a willingness to adapt to the new economic reality.

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