However, on day one of his administration the first policy pronouncement was the removal of fuel subsidy. Of course, the goals of subsidy removal are to enhance fiscal savings, encourage investment in the energy sector and promote economic diversification. There are noticeable missteps in the implementation of subsidy removal. For several reasons, exploring the impact of fuel subsidy removal in Nigeria is essential. At the outset of fuel subsidy removal, the government should have developed a clear strategy for attaining its objectives.

Source: Punch May 29, 2024 12:12 UTC