Joko Anwar

Playing the fuel: reforming Nigeria’s subsidies

Rosie Bloor, Jason Palmer, Ore Ogunbiyi, Robert Guest, Rebecca Jackson, Joko Anwar

Nigeria is transitioning to market-based fuel prices following the activation of the Dangote refinery, a move that ends decades of costly subsidies but triggers immediate inflation and necessitates difficult shifts in public spending. Simultaneously, Texas regulators are tightening restrictions on cryptocurrency mining after data centers and miners drove energy demand to critical levels, creating a political stalemate between grid stability and pro-crypto lobbying ahead of the 2024 elections. In the entertainment sector, Indonesia has established itself as a global horror film powerhouse by leveraging local folklore and cultural identity, securing significant streaming success and attracting Hollywood collaboration offers while domestic production volumes soar.