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On Energy Subsidy Reform and Sustainable Development in Nigeria

Author

Listed:
  • Christopher N Ekong
  • Usenobong F Akpan

Abstract

Reforming fossil fuel subsidy in Nigeria offers greater opportunities in putting the country on a sustainable path of development. However, removing or reducing fuel subsidy is one knotty issue that has generated severe challenges to government over the decades. Several attempts at this direction have often met stiff opposition from entrenched interest groups. Among other things, a successful reform would require a strong political will to trade off the concentrated benefits of vested interests groups against greater benefits to the society. Achieving this end may not be an easy exercise and a number of issues/options that should be considered have been highlighted in the paper.

Suggested Citation

  • Christopher N Ekong & Usenobong F Akpan, 2014. "On Energy Subsidy Reform and Sustainable Development in Nigeria," International Journal of Management and Sustainability, Conscientia Beam, vol. 3(4), pages 186-202.
    • Handle: RePEc:pkp:ijomas:v:3:y:2014:i:4:p:186-202:id:955
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    Citations

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    Cited by:

    1. Muhammad Salman Shabbir & Mohd Noor Mohd Shariff & Muzaffar Asad & Rabia Salman & Israr Ahmad, 2018. "Time-frequency Relationship between Innovation and Energy Demand in Pakistan: Evidence from Wavelet Coherence Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 251-258.
    2. Mohd Haizam Mohd Saudi & Obsatar Sinaga & Djoko Roespinoedji & Erlane K. Ghani, 2019. "The Impact of Technological Innovation on Energy Intensity: Evidence from Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 11-17.
    3. Muhammad Haseeb & Irwan Shah Zainal Abidin & Qazi Muhammad Adnan Hye & Nira Hariyatie Hartani, 2019. "The Impact of Renewable Energy on Economic Well-Being of Malaysia: Fresh Evidence from Auto Regressive Distributed Lag Bound Testing Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 269-275.
    4. Matthew O. Gidigbi & Kehinde M. Bello & Gbenga F. Babarinde, 2019. "Petroleum subsidy and its impact on tax revenue volatility," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 11(1), pages 24-36, June.
    5. Evans, Olaniyi & Nwaogwugwu, Isaac & Vincent, Olusegun & Wale-Awe, Olawale & Mesagan, Ekundayo & Ojapinwa, Taiwo, 2023. "The socio-economics of the 2023 fuel subsidy removal in Nigeria," MPRA Paper 118360, University Library of Munich, Germany.

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