BUSINESS NIGERIA | Assessing Impact of Planned Subsidy Removal on Petrol, Electricity

The Nigerian Government plans to remove fuel subsidy next year and replace it with an N5, 000 monthly transport grant to 40 million Nigerians. Although some analysts believe there is a need to creatively manage the transition from the current pricing regime to a fully deregulated arrangement.

The issue of subsidy removal has been termed a tricky one that could pose a serious challenge to the government if not tactically managed. The sentiments among the citizenry are not favorable to the deregulation where some elites are curiously not persuaded on the justification for the subsidy removal.

While there is a sound economic and business case in favor of fuel subsidy removal, the social and political contexts are equally critical. How sustainable is subsidy and what is the impact of the removal? Joining me to discuss this is the Senior Program Officer at Budget, Adejoke Akinbode

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[okohanthony]

Pay your contractors especially the indigenous ones and the economy will improve. Subsidy from fuel to subsidy to ordinary people which is fraught with fraud is fallacy.