The Aftermath of the Conflict on Fuel Subsidy Removal in Nigeria


  •  B. E. A. Oghojafor    
  •  F. C. Anyim    
  •  J. O. Ekwoaba    

Abstract

The removal of the subsidy on fuel by the Federal Government of Nigeria at the dawn of 1st January, 2012 led to series of protests by the Labour Movement, Civil Society Groups Human Rights Activists and other Groups. The crisis eventually gravitated to a full blown strike which lasted for six consecutive days.

In this paper, attempt is made to examine the arguments raised by the protagonists and opponents of the fuel subsidy removal, the role played by the various stakeholders before and during the strike and the economic loss incurred by the country within the duration of the conflict. Furthermore, the paper takes a look at the bribery scandal and other events that followed the submission of the House of Representatives Ad hoc probe panel report on the oil subsidy regime.

A score board was drawn which shows a resultant win-win outcome by the parties. The paper concludes with recommendations that could avert reoccurrence of similar crisis in the future.

 



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