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)

On a Month-on-Month basis, average growth rate of selected food prices decreased in October 2017.  Precisely, contracting by 1.24 percent in October, average growth rate fell from 0.08 percent recorded in September 2017. Notably, the contraction reflected in the food sub-index of the headline inflation for October 2017. The marginal decrease in the prices of selected food items may be in line with seasonal levels, as the harvest season reaches its peak, thus making food items relatively available at various demand levels. Going forward, investment towards the provision of better farming inputs, technology, financing, and value addition across the agricultural value chain could help improve yield output and food security all through the year. 

Gross Domestic Product Growth Rate And Contribution To GDP

Gross Domestic Product Growth Rate: The growth performance of the Oil and Gas sector has been unsteady throughout years and declined most significantly in 2015Q4, following a positive growth recorded