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In Case You Don’t Know!
Here are five benefits of fuel subsidy removal:
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1. Fuel subsidy removal, according to experts, would free up resources for other sectors of the economy.
2. The government spends a significant portion of its budget on fuel subsidies, which could be better spent on education, healthcare, infrastructure development, amongst other key sectors.
3. Establishments of domestic refineries to produce more petroleum products, reducing Nigeria’s dependence on imported fuel.
4. Availability of domestic refineries will boost the country’s economy
5. Massive creation of jobs for Nigerians.
#BuharistReporters
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