Tag: Subsidies

The Yar’Adua Study on Subsidies (II), By Olusegun Adeniyi

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Shortly before the 2011 general election which he lost to President Goodluck Jonathan, then candidate Muhammadu Buhari (now president) was dismissive of subsidy in the downstream sector of the petroleum industry. “If anybody says he is subsidising anything, he is a fraud. So all these people talking about subsidy, who is subsidising who?” he famously […]

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The Yar’Adua Study on Subsidies (1), By Olusegun Adeniyi

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“Sometime in 2008, my late boss, President Umaru Musa Yar’Adua commissioned a study on ‘subsidies and tariffs in Nigeria’ in five critical sectors: Electricity, Petroleum, Education, Health and Agriculture. The main objectives were to determine the effectiveness of subsidies in these sectors, examine the need or otherwise for continuity and finally, suggest the framework for […]

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Subsidies: Working the Monkey and Feeding the Baboon, By Alex Otti

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“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” Ronald Reagan (1911-2004). People naturally love freebies. However, the reality is that there is hardly anything that is free in life in the […]

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