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 46)

The Executive council recently approved a three-year external borrowing plan (2016-2018) which specifies external borrowing of approximately $30 billion (to be sourced mostly from MDBs) for infrastructure development. Although, the plan is yet to be approved by the Senate, the planned concessional loans for infrastructural development would imply inflows of foreign exchange which could help moderate the exchange rate volatilities in the near term, and offer potential improvement in business productivity and job creation.