Nigeria’s fuel subsidy not helping the poor — World Bank

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This topic contains 3 replies, has 4 voices, and was last updated by  Aminu Isa 6 years ago.

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  • #3109

    It is been advised by the world bank for countries such as Nigeria that spend heavily on fossil fuel subsidy to reform their policies in other to achieve a circular economy (which is an economic system that minimizes waste and maximizes resources). It’s been said that enough evidence supporting the fact that resources have been wasted and heavily depleted have given cause to an increase in the greenhouse gases emitted. During the conference, the vice-president of sustainable development advised that the African leaders should see this as a threat to global climate and standard of living.

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  • #3110

    Aanu Michael
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    It would be a step forward in the right direction if only the leaders of the country would adopt such economic system.

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  • #3111

    Esien Enobong
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    Is it when the country is trying to figure out its own economic course that they would now try to adopt some other economic principle which I am sure they would not agree to.

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  • #3112

    Aminu Isa
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    It’s high time we as Nigerians start to think outside the box for solutions to our constant degrading system if we are to stand as the so-called ‘giant of Africa’.

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    • This reply was modified 6 years ago by  Aminu Isa.
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