A REVIEW OF THE PHILOSOPHICAL WAY FORWARD WITHIN THE CONTEXT OF SUBSIDY REMOVAL IN NIGERIA
Phillips Olubiyi
ABSTRACT
This paper attempted to review the socio-economical impacts of fuel subsidy removal in Nigeria and its attendant negative consequences on the present standard of living of citizens across the country since its implementation by the federal government of Nigeria. Government had argued that the removal of the subsidy would assist produce funds for infrastructural development, eliminate corruption and also boost savings for the country. The paper adopted a theoretical and systematic collation of various perspectives and relevant literature and materials from journal publications, the internet and government documents to interrogate the various gaps and challenges posed by the subsidy removal and concluded that government needed to build the foundation of its administrative legitimacy on citizens’ welfare based on the socio-economic advantages that the current subsidy regime may offer.
Keywords: Subsidy removal, Problems, Way Forward.
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