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Yesterday, our team was at Splash 105.5FM to discuss “Subsidy Removal: Implications for Economic Development and Citizens Well-Being”. We shed light on how this policy decision made by the Federal Government of Nigeria impacts every stratum of the society, from individuals to small businesses and industries.

It’s no gainsaying that citizens are grappling with rising transportation costs, increased prices of essential commodities, and the burden of adjusting their budgets accordingly. We recommended that the government swiftly implement comprehensive palliative measures to alleviate the impacts of the fuel subsidy removal on citizens.

We also emphasized its implications for socio-economic development. By redirecting saved funds, the government can invest in crucial sectors, leading to infrastructure development, including road construction, power generation & transportation systems, ultimately improving citizen’s quality of life.
Additionally, the removal can incentivize local production and innovation, stimulating economic growth and creating job opportunities. Together as citizens, we can advocate for targeted interventions in healthcare, education and social welfare to ensure a smoother transition for all.