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.

Download Label
March 13, 2018 - 4:00 am
application/pdf
647.06 kB
v.1.7 (stable)
Read →

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 45)

Crude oil prices recorded increase during the review week. Global benchmark, Brent price increased from $61.42 to $63.522. Nigerias Bonny light gained 9.6 percent to trade at $64.78 per barrel. The weeks rise was at the backdrop of further prospective cuts agreement at OPECs meeting in November 2017 and political tensions and uncertainties in Saudi Arabia given that these events may likely reduce supply and support demand in the near term. Meanwhile, global crude oil market events have been favorable to Nigeria, as the price of bonny light at approximately $65 per barrel, reflects the highest in more than two years.