Much Ado about Subsidy: What it Means and Why Nigerians Should Care
The Buhari led administration has again announced plans to remove petroleum subsidies from 2022. This development has elicited different reactions across the country.
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What Do Nigerians Think About Fuel Subsidy? (2)
What Do Nigerians Think About Fuel Subsidy? (2)
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What Nigeria Spend on Subsidising Petrol in 12 Years
What Nigeria Spend on Subsidising Petrol in 12 Years
PMS prices remain “uncertain” amid subsidy controversy
The price of Premium Motor Spirit has been inconsistent since the start of 2020. To be fair though, it was fairly stable for the first quarter, averaging around ₦145.37 per litre across the country. Reports also show favourable drops in its price along April and June, accounting for ₦130.84 and ₦128.88 per barrel. By July, however, the price had jumped again by over 11 per cent, reporting a national average price of ₦143.63 per barrel.
Jobs: How Could Nigeria Reinvest Fuel Subsidy?
Jobs: How Could Nigeria Reinvest Fuel Subsidy?
Education: How Could Nigeria Reinvest Fuel Subsidy?
Education: How Could Nigeria Reinvest Fuel Subsidy?
FG Spent N10 Trillion on Fuel Subsidy in 12 years at the Expense of Infrastructure
The Federal Government has spent over N10 trillion on subsidy in at least 12 years. This is at the expense of the overall wellbeing of the people. Analysis of the opportunity cost of the subsidy spending far outweighs the direct benefits.
Fuel Subsidy and the 2020 Budget Crisis
The federal government is currently rethinking the 2020 budget to respond to the shocks stemming from ongoing global oil price crisis. The 2020 budget bench-marked crude oil price at $57/b but, as of now, the price is $38, could slide further. The crisis is triggered by the COVID-19 outbreak, which has affected demand from the world’s second-largest economy, China, and, of course, the associated price war by Saudi Arabia and Russia.