June 18, 2013

Fuel Subsidy Reform, Social Safety Nets (SSNs) And Pro-poor Growth

The
paper examines the importance of fuel subsidy reforms and how the Nigerian
government can achieve a successful reform. It also examines the link between
safety nets and growth to help facilitate reform and inclusive growth.

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Author:Ebere Uneze

Publication Date: December, 2011

Document Size:26pages


Key Message

A well designed safety net and social program can facilitate subsidy reform, and lead to inclusive growth, if successfully implemented.

Objectives

  • Understand the goals of fuel subsidy reform and the important steps the Nigeria government can take to achieve successful reform
  • Understand the link between Safety nets and growth, and how a well designed safety net program can help facilitate reform and inclusive growth
  • Draw lessons from recent fuel subsidy reforms and suggest way forward




Related

 

Nigeria Economic Update (Issue 16)

Nigerias Bonny light price declined by 7.1 percent from $40.19 per barrel on March 24, 2016 to $37.32 per barrel on April 1, 20162. OPEC weekly basket price also decreased by 3 percent from $35.81 per barrel to $34.74 per barrel within the same period3. The remerged downward trend in crude oil price is traceable to concerns over the likely failure of the oil production freeze deal between Saudi Arabia and Iran4. The outcome of the oil production freeze meeting which is scheduled to hold on April 17, 2016, will give further direction for oil supply regulation.