NIGERIA: The Fuel Subsidy Debate

Despite opposition by Nigerians against the removal of fuel subsidy, which cost the country an annual total of N1,200 billion (US$7.6 billion), the government of Nigeria, in January 2012, took the decision to scrap the subsidy and redirect the money saved to infrastructural development and job creation.

However, a disgrunted citizenry, who believe the subsidy was the only benefits they were receiving as an oil producing country, has called on the government to fight corruption within the oil industry first, rather than make ordinary citizens suffer for bad governance and malpractice.

On this IQ4News Specials page, we discuss the Fuel Subsidy debate.

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