• Friday, October 18, 2024
businessday logo

BusinessDay

Balancing the burden: Why Nigeria’s energy subsidies need a shift

unnamed (38)
Balancing the Burden: Why Nigeria’s Energy Subsidies Need a Shift By Oluwole Crowther Nigeria, like many nations, has implemented various policies over the years, but policy failures have become a recurring theme in the country’s governance. One such policy misstep is the outright removal of subsidies on Premium Motor Spirit (PMS), which has disproportionately affected the poor, despite findings showing that the rich consume more PMS. The PMS Subsidy Removal: Who Really Suffers? It’s clear that wealthier househol