International records / OpenAlex research

GOOD GOVERNANCE AND SUBSIDY REMOVAL IN THE NIGERIAN ECONOMY

Nigeria, a country rich in natural resources, particularly crude oil, has for decades implemented fuel subsidies as a means of cushioning economic hardship. However, persistent economic downturns, fiscal deficits, and global oil-price volatility have intensified calls for subsidy removal. This study explored the intersection between good governance and the removal of oil subsidies within the context of Nigeria’s struggling economy. Despite the economic rationale behind subsidy removal, Nigeria’s attempts have often led to public outcry, inflationary spikes, and increased poverty levels. These …