The Pertinency of Fuel Subsidy in Nigeria’s Economic RecessionThis paper emphatically identified fuel subsidy as a sound policy that will resuscitate Nigeria from the present recession. Nigeria's economy was officially declared to be in recession, following the figures released by the National Burea...
Fuel subsidy in Nigeria: Fact or fallacy. Energy journal, volume 36, pp 2798-2801Nwachukwu MU, Chike H. Fuel subsidy in Nigeria: fact or fallacy. Energy 2011;36:2796-801.Nwachukwu, M. (2011). Fuel subsidy in Nigeria: Fact or Fallacy. Energy 36: 2011: 2796-2801....
The study focused on Nigeria as a significant oil producing country in Sub Saharan Africa and employs narrative method for its analysis. The study concludes that while fuel subsidy removal policy (in the short term) would have welfare implications, in the long run, the policy would bring about...
Nigeria’s public universities were shut down for a week when trade unions called on all workers to protest against the removal of fuel subsidies. The mass strike action paralysed business nationwide, forcing the government to cave in by partially restoring the subsidy.University teachers and student...
Reuters | Nigeria’s outgoing government has recommended that the new administration of president-elect Bola Tinubu give public sector workers pay rises after removing a fuel subsidy in June, Labour Minister Chris Ngige said on Tuesday. President Muhammadu Buhari, who steps down in May, had planned...
With daily consumption of roughly 40 million litres, that's 1.2 billion naira ($3.15 MM) per day, at a time when low oil prices have left Nigeria's budget 5.60 trillion naira in deficit. "The reality of it is that whether it's subsidy, (whatever) you want to call it... it's...
With daily consumption of roughly 40 million litres, that's 1.2 billion naira ($3.15 million) per day, at a time when low oil prices have left Nigeria's budget 5.60 trillion naira in deficit. "The reality of it is that whether it's subsidy, (whatever) you want to call it...
The United States, yesterday, disclosed that Nigeria’s inability to eliminate subsidy on petroleum products and failure to hands off the fixing of electricity tariffs is hampering the provision of critical social infrastructure in the country. ...
idy & #occupy9ja]]>Ahmed Olayinka Sule, CFA
Nigeria We Don't Want to Be Another Greece: Despite the Outcry and Protests over the Removal of Fuel Subsidy, the Nigerian Government Insists That the Removal Is Good for the Future of the Country. "We Don't Want What Has Happened to Greece to Happen to Us," Finance Minister Okonjo-Lwe...