Nigeria is in between a double edged sword and with the way the exchange rate is spiraling out of control, it calls for immediate action to curb it. It has gotten to a stage that we are already suffering inflation much more than one should suffer with the removal of fuel subsidy. Yes the exchange rate might only affect foreign and imported goods, but the domino effect cuts across the local sales whom inflate prices because they would want to stay afloat on purchase of imported goods aswell.. I think it's time to remove subsidy to free up the US dollar being pumped to subsidize that while pushing it into the market to stop the cartels and cabals championing the BDC whom inflate rates as they wish. E.G - if a toyota truck used to cost 1million, but now cost 3m due to exchange rate, with fuel at N165/litre, I won't mind purchasing at 1m while I buy fuel at N300/litre which would curb smuggling alongside and dollar racketeering. For the low income earners whom may feel they dont need the car but need the fuel at low price, the low rate of truck would bring in more competition, the availability of the dollar would crash the cost of repair parts which in turn reduces cost of pricing on other expenses that can be substituted for fuel purchase.