The Petrol Subsidy Quandry: the Devil or the Deep Blue Sea?, By Dr Ugoji Egbujo
The country is in a bind. It must borrow three trillion if it chooses not to discontinue subsidising petrol. That’s what the government has said. But, on the other hand, if it removes the subsidy on petrol, it could set itself aflame. Against the backdrop of a huge budget deficit and weak income streams, borrowing […]
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