Deloitte lists short, long term benefits of fuel subsidies removal

Global audit, consulting, and financial advisory firm Deloitte revealed that while the immediate impact of removing fuel subsidies in Nigeria may be negative, the long-term benefits for the economy could be substantial. In a report titled “Short-term pain, long-term gain,” Deloitte emphasizes that redirecting the saved funds from subsidies towards capital expenditure rather than recurrent expenditure, such as wages and Read More

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