Nigeria’s fuel subsidy removal was too sudden: why a gradual approach would have been better: Nigeria removed fuel subsidies entirely in May 2023. This came as a surprise because of the political risks associated with subsidy removal. Previous administrations were reluctant to jettison the subsidies. The subsidies had been in place since the 1970s, when …
The UK needs a new industrial strategy or it will lose the global green subsidy race: Making industry greener — and stronger petrmalinak/Shutterstock UK businesses have criticised the government for the lack of a clear industrial policy. Industry body Make UK has warned the country “risks being squeezed” by US and EU green subsidy packages. …
Nigeria’s fuel subsidy: it’s time to kill it and spend the money in ways that benefit the poor: Protestors in Lagos rally against plans to remove the fuel subsidy in 2012. Pius Utomi Ekpei/AFP via Getty Images Nigerians are being hit from all sides by a combination of factors that are making their lives increasingly …
Kenya’s fuel crisis: how the country’s subsidy system works: The state-owned National Oil Corporation should hold adequate reserve fuel to address national shortage. James Wakibia/SOPA Images/LightRocket Getty Images Oil is an essential commodity for Kenya’s transport and industrial production, electricity generation and water provision. In 2008, as the world grappled with high oil prices, Kenya …
Nigeria’s transport grant isn’t the best way to allocate fuel subsidy savings: here’s what is: Protestors march in Lagos during a demonstration against fuel subsidy removal in 2012. Pius Utomi Ekpei/AFP via Getty Image Following unrelenting pressure by the International Monetary Fund (IMF) and World Bank, the Nigerian government intends to eliminate its fuel subsidy …
South Africa in the news: Give Rs 1,000 subsidy to buy smartphones, impose tax on withdrawals of Rs 50,000 and above, chief ministers’ panel urges PM Modi: Similarly, the report highlights that the number of (cashless) pay points per million people are 1,080 in India as against 31,096 in Singapore, 30,078 in the UK, 25,241 …