Impact Assessment of Fuel Subsidy Removal on Smallholder Farmers and Agricultural Market Actors in NE Nigeria Aug. 2023
Since President Bola Ahmed Tinubu announced the removal of fuel subsidies during his inauguration speech on May 29, 2023, and the Central Bank of Nigeria (CBN) unified the foreign exchange market on June 14, 2023, Nigerian citizens and residents have expressed concern over these new policies, specifically how they will affect their livelihoods, standards of living, and transportation costs.
This report, conducted by the Nigeria Analysis Team (NAT), assesses the effect that removing fuel subsidies has had on smallholder farmers and agricultural market actors operating in the states of Borno, Adamawa, Yobe, and Gombe (BAY-G).
The assessment was conducted from June 26 to July 7 using focus group discussions (FGDs) with smallholder farmers and key informant interviews (KIIs) with agricultural market actors such as business owners (primarily dealing in food commodities), agro-dealers, grain aggregators, food processors, and livestock feed sellers.
