Tag Archives: Fuel Scarcity and Subsidy

Nigeria and the Diseconomy of Fuel Scarcity and Subsidy

Nigeria and the Diseconomy of Fuel Scarcity and Subsidy

  Fuel scarcity in Nigeria has become an ugly recurring decimal for an economy that exports crude petroleum. The Nigerian economy has four refineries and in the late 1970s and early 1980s, the country was even exporting refined products. Thereafter, the fuel scarcity has become a nightmare. Millions of dollars have been spent on the

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