%0 Journal Article
%T Oil Subsidy Removal in Nigeria: Chasing Water Falls
%J International Journal of Finance and Accounting
%@ 2168-4820
%D 2012
%I 
%R 10.5923/j.ijfa.20120105.05
%X This paper addresses the oil subsidy issues in Nigeria and the acclaimed benefits of its removal to the economy. It provides answers to 5 basic questions of the so-called oil subsidy in Nigeria: What is oil subsidy, origin, merits and demerits? Does oil subsidy exist in Nigeria, are all the petroleum products subsidized and who benefits from Nigeria¡¯s oil subsidy? How will oil subsidy removal affect the masses? It argues that although the government is not transparent in the drive to transform the economy, there are essential actions necessary as a way forward to manage and resolve the crises: cut down the cost of governance, make our refineries work at worst 75% capacity and others.
%K Subsidy
%K Oil
%K Economy
%K Government
%K Poverty
%U http://article.sapub.org/10.5923.j.ijfa.20120105.05.html