fuel subsidy REMOVAL A CRITICAL ANALYSIS
Introduction
Free eng dictionary subsidy, financial assistance granted by a government or philanthropic foundation to a person or association for the purpose of promoting an enterprise considered beneficial to the public welfare
Nigeria since birth on October 1960. Has transform through diverse government and this has recorded advancement in her political economy. However economically, diverse policies have been employed to ensure the well been of the Nigerian state. Like other government in the world she has also employed subsidization policy which cut across health care, education, housing, and agriculture, transportation and premium motor spirit (fuel) e.t.c to ensure her citizens enjoy basic necessities to a reasonable extent.
Similarly in Japanese government subsidies have been a consistent feature of Japanese practice since the country emerged from the feudal system in the eighteen-sixties. In South Africa government has based their subsidy programme majorly on housing while in the United States of America their government programme base majorly on agriculture and energy.
The Essay on Government subsidies
... this matter Part 1: Government subsidies There are scores of subsidies that re currently offered by the government. But they can all ... funds from export subsidies. Conservation payments are also another type of subsidy offered by the US government. The subsidies are normally ... below; (Robert, 2004) Export subsidies can be described as a settlement between the government and farmers regarding crops or ...
Revisiting the Nigerian case the nation recorded on of the most controversial unrest by her citizens in the eighth republic due to an accumulated carryover of several economic instability that has characterized the nation since past administration which threaten to cripple the nation’s economy and bring to a waterloo. The president Good luck Ebele Jonathan government through the Subsidy Re-investment and Empowerment Programme (S.U.R.E) attempted to affect the procrastinated lift of fuel subsidy to revamp the economy. This lead to criticism and mass protest by activist, civil society, pressure groups, labor unions.
They argued
