Petrol, Electricity Subsidies Hurting Poor Nigerians

Nov 23, 2022 · 51s
Petrol, Electricity Subsidies Hurting Poor Nigerians
Description

The World Bank says that subsidies benefit only rich households and reduce government spending on poor Nigerians. The bank says Nigeria’s resources had been consumed by inefficient and regressive subsidiaries...

show more
The World Bank says that subsidies benefit only rich households and reduce government spending on poor Nigerians.
The bank says Nigeria’s resources had been consumed by inefficient and regressive subsidiaries on petrol, electricity, and foreign exchange.
It added that the subsidies were far more than what was spent on education, health, and social protection in 2021.
It further noted that Nigeria had one of the lowest public expenditure and revenue levels in the world, undermining the government’s ability to improve service delivery.
show less
Information
Author Africa Business Radio
Organization Africa Business Radio
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search