The Civil Society Legislative Advocacy Centre CISLAC, on Friday, described the subsidy policy on petrol in Nigeria as a failure and was unable to meet the reason for which it was set up in the first place.
The group, in statement issued on Friday, titled, ‘CISLAC Response To Proposed Subsidy Palliatives’, said while other developing countries of the world introduced consumer subsidies to improve the welfare of their citizens and alleviate poverty, among other reasons, petrol subsidy in Nigeria failed to address or solve any of the reasons it was introduced in the first place.
In the statement signed by its Executive Director, Auwal Ibrahim Musa (Rafsanjani), CISLAC said: “While welfare, poverty alleviation and election cycle politics largely underpin the reasons for which consumer subsidies are introduced in developing countries, it has been a fool’s errand in Nigeria’s case as it has failed to address any of the issues that birth its introduction.
