Wednesday, December 14, 2011

On the Budget and the Removal of Fuel Subsidy - EiE Nigeria

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Some days ago, I got this press statement from EiE Nigeria (Enough is Enough) on the current national debate about the planned removal of fuel subsidy by the Federal Government. While I ultimately believe in the restructuring if not removal of the fuel subsidy, I believe EiE makes some valid points in this release. The budget has been released now, and it is even more obvious that the economic team of President Goodluck Jonathan haven't done much work in replugging the funds from the proposed subsidy removal into relevant sectors of the economy. Read the statement and tell me what you think.

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