Authors :
Obidiaso Chukwuebuka P.
Volume/Issue :
Volume 9 - 2024, Issue 2 - February
Google Scholar :
http://tinyurl.com/mpjnudca
Scribd :
http://tinyurl.com/4mb6m5jx
DOI :
https://doi.org/10.5281/zenodo.10725465
Abstract :
Nigeria, as a prominent oil producer, grapples
with challenges in managing subsidies for petroleum
products, notably Premium Motor Spirit (PMS). This
paper delves into the logistical ramifications of not
subsidizing PMS in Nigeria's oil sector and economy.
Through a thorough examination of transportation,
distribution, and socio-economic factors, this study
illuminates the adverse consequences of subsidy removal
on the country's logistical infrastructure, inflation rates,
and socio-economic well-being. The findings underscore
the necessity of a comprehensive approach to subsidy
reform that addresses logistical hurdles while ensuring
fiscal sustainability and social protection measures.
Nigeria, as a prominent oil producer, grapples
with challenges in managing subsidies for petroleum
products, notably Premium Motor Spirit (PMS). This
paper delves into the logistical ramifications of not
subsidizing PMS in Nigeria's oil sector and economy.
Through a thorough examination of transportation,
distribution, and socio-economic factors, this study
illuminates the adverse consequences of subsidy removal
on the country's logistical infrastructure, inflation rates,
and socio-economic well-being. The findings underscore
the necessity of a comprehensive approach to subsidy
reform that addresses logistical hurdles while ensuring
fiscal sustainability and social protection measures.
