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The Politics and Economics of Removing Subsidies on Petroleum Products in Nigeria (Paperback, New)
Loot Price: R937
Discovery Miles 9 370
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The Politics and Economics of Removing Subsidies on Petroleum Products in Nigeria (Paperback, New)
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Though the history of hikes in petroleum prices began in 1973. Ever
since, most regimes in the country have toyed with the idea of
removing the subsidies, with organised labour and the civil society
usually vehemently opposed to the idea. In late 2011 the Jonathan
administration announced plans to completely remove the subsidies
but gave no timeline amid threats by organised labour, students and
civil society groups to stoutly resist the move. In 2012, the
regime announced the removal of the subsidies and subsequently
reiterated that its decision on the issue was irreversible. It
however announced some measures, including the provision of buses,
to help cushion the impact of the move. The book takes a critical
look at the politics and economics of the pro- and
anti-subsidisation lobbies. It also examines the likely economic
and social impacts of the move and its implications for the poor,
the overall economy and the country's democratic project.
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