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Tag Archives: Subsidy

Nigerian House of Confusion

HOUSE OF REPS FUEL SUBSIDY PROBE: Farouk Lawan: What is Nigeria’s daily fuel consumption? Diezani: 52million Liters NNPC: 35m liters DPR: 43m liters PPPRA: 24M liters Okonjo: 40M liters Farouk Lawan: What was the subsidy for 2011? Dieziani: 1.4Trillion Okonjo: 1.3Trillion CBN: 1.7Trillion Farouk Lawan: Can we have the KPMG REPORT? Okonjo: I have to [...]

Posted 27 January 2012 † Adédèjì Olówè § Nigeria ‡ Comments (0) ° Also tagged:

Introduction to Government Budgeting

The recently (and sadly) aborted subsidy strike has brought to fore how expensive (or is it wasteful) our government is – check this out: Government is budgeting for the following: PURCHASE OF COMPUTER & ACCESSORIES: (I). 90 HP DESKTOPS @ N300,000 = N27,000,000; (II). 20 HP PRINTERS @ N150,000 =N3,000,000; (III). 60 NOS. UPS @ [...]

Posted 20 January 2012 † Adédèjì Olówè § Nigeria ‡ Comments (2) ° Also tagged: , ,

Subsidy Removal: Comparison of Gasoline Pump Price

Subsidy removal is the latest front burner of public discourse in Nigeria today and there is no shortage of facts to back either argument. Too bad many of these arguments ain’t backed by reality. I have mashed data from World Bank and CIA Fact book about the average price of a liter of gasoline across [...]

Posted 09 January 2012 † Adédèjì Olówè § Nigeria ‡ Comments (3) ° Also tagged: ,