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"The fuel subsidy is experienced as one of the few things they get".
That is on top of the UN mission's $600m annual budget, and Venezuela's fuel subsidy.
The most controversial of the reforms was the removal of a fuel subsidy.
"Nigeria's government has made its boldest move yet by abolishing the fuel subsidy," Renaissance Capital said.
The fuel subsidy is an important driving force in groundwater depletion and over-abstraction.
In a 2009 report, the International Monetary Fund called the removal of the fuel subsidy "an important first step".
Fossil fuel subsidy reforms are beginning in dozens of countries, including India where subsidies for diesel ended in October 2014.
Almost 90% of the fossil fuel subsidy comes from the reduced rate of VAT paid by households.
There's been strong resistance to government attempts to remove the fuel subsidy that many Nigerians regard as their birthright.
For the poor — and three-fourths of this country's population lives on about a dollar a day — the fuel subsidy means a cheap ride to the market.
But only a tiny fraction of the fuel subsidy actually goes to people whom the government classifies as poor (see chart 6).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com