Clearly, not every Nigerian understands the #FuelSubsidy for its true meaning. While many political leaders and socioeconomic commentators hold the opinion that the removal of the Subsidy will impact positively the lifestyle of Nigerian citizens, many also argue otherwise. May I know how Nigeria has operated the subsidy system and what opposite effect it will have on Nigerians going forward?
What is the meaning of fuel subsidy in economic parlance and how will its removal affect the lives of Nigerian citizens?
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Fuel subsidy has been in place in Nigeria since the 1970s. It began with the government routinely selling petrol to Nigerians at below cost. Fuel subsidy helps to minimize the impact of rising global oil prices on Nigerians.
Fuel subsidy has been in place in Nigeria since the 1970s. It began with the government routinely selling petrol to Nigerians at below cost.
Fuel subsidy helps to minimize the impact of rising global oil prices on Nigerians.
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