
On the 1st of January 2012 the Federal Government of Nigeria effected an increase in the consumer price of petrol, in what was described as the withdrawal of subsidy. The price of the product was hiked from 65 Naira to 141 Naira, with serious implications for livelihoods of Nigerians who depend on the fuel for transportation and electricity generation. The mass protests that attended the price hike have been described as the largest and most intense in the history of Nigeria, which forced government to partially reinstate subsidies.
But was there really a subsidy on petroleum products? What is the value of this subsidy? Why does the government need to import a product that the country produces? This briefing paper examines how the fuel subsidy regime reflects corruption in the petroleum industry, and the role of the Nigerian political leadership in sustaining the systems of fraud.
Fuels of Dissent is a must read for all interested in understanding the political economy of oil and the Nigerian state. Read Full Report
Author Profile
Latest entries
Climate Justice2022.12.10THE NIGERIA SOCIAL ACTION CONFERENCE 2022 – CLIMATE ACTION: ADDRESSING LOSS AND DAMAGE FROM FLOOD AND DRAUGHT IN NIGERIA
- Nigeria Social Action Camp 2022, held at the Man' War Leadership Training Centre, Aluu, Port HarcourtNews2022.12.06RECLAIMING THE CIVIC SPACE FOR TRANSFORMATIVE GOVERNANCE AND POLITICAL CHANGE IN NIGERIA
Uncategorized2022.12.03PLANET GRAB: CONVERGING, COMPOUNDED COLONIALISMS OF CONSERVATION, CARBON MARKETS AND EXTRACTIVISM.
- The Director and Staff of the National Oil Spill Detection and Restoration Agency (NOSDRA) pay host to Social Action team lead by Dr Uche IgwuNews2022.12.02NOSDRA COMMITS TO COLLABORATING WITH SOCIAL ACTION IN ADDRESSING ENVIRONMENTAL DEGRADATION IN THE NIGER DELTA