Tuesday, 18 October 2011
Impact Of The Removal of Fuel Subsidy in Nigeria
Have you ever imagined what will happen if the fuel subsidy is removed. It will only increase the suffering of Nigerians because people are already in hardship.
The government needs money to put in the private sector, but can't government generate revenue from other means rather than removal of the subsidy, more so the minister of petroleum resources Mrs Diezani Allison-Madueke said kerosene will not be affected because it is the fuel of choice by many Nigerians. Ironically it is fuel many of the poor masses buy.
This will only lead to inflation, rise in the cost of living and corruption in the economy, which is not good for a developing country like Nigeria.