Nigeria: How to Reset Nigeria's Economy

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Nigeria: How to Reset Nigeria's Economy
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'In the short term, the most effective measure to offset the removal of fuel subsidies is cash transfers.'

"In the short term, the most effective measure to offset the removal of fuel subsidies is cash transfers."The long-term solution is to reduce dependence on PMS," Mr Sanusi said on Thursday in Lagos.

"If the state is a rentier state where the people in control see it as an avenue to make money for themselves and their families, they are never going to run an economy in a manner that encourages production and growth. The former CBN governor noted that Nigerians had been talking about fuel subsidies as far back as 2011.There was a problem processing your submission. Please try again later.

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