See the October 2020 edition of our public policy brief

In the past three (3) weeks, the narrative across the socio-economic and political landscape of Nigeria has been on the need for far-reaching reforms in the country. What began as a call for the reform of the police force under the #EndSARS movement soon morphed into the call for broad-based reforms in the country. In this edition of the Public Policy Brief, we focus on reforms in the administration of energy subsidies in the country, a discussion which has been on the front burner of economic and political debates. We discuss the need for well-designed strategies for the success of the reform efforts by the current administration. In simple terms, we need to get it right this time. In the short term, government’s reform strategy should be based on comprehensive research and be designed in consultation with stakeholders. To ensure widespread acceptance by the public, reforms should be implemented taking the following factors into consideration: timing of its implementation, clear public communication strategy, and transparency in the use of funds accruing from the savings. In the medium term, government should ensure the effective implementation of the subsidy reform and its durability. Specific policy measures include the need to establish an effective monitoring mechanism, need to galvanize support for passing the Petroleum Industry Bill (PIB) into law, the importance of the effective Implementation of the Power Sector Recovery Programme (PSRP), and the need to boost local refining capacity to eliminate petrol import. click here to download

 

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