The Impact of Oil Subsidy Removal on Infrastructural Development in Nigeria (2000-2012)

Rosemary Anazodo, Uche Ezenwile, D. C. Jr Chukwurah


Nigeria is a country blessed with large quantities of crude oil deposits, but the revenue generated from the oil has added little or nothing to the lives of Nigerians. More worrisome is the fact that the issue of oil subsidy removals by successive administrations has been a matter of controversy, as the proceeds from the removals have not impacted on the development of the country Rather, the bulk of the proceeds fritter away into private pockets, thus leaving the nation in state of decay and total neglect. This paper therefore, tries to examine the impact of oil subsidy removal on infrastructural development in Nigeria. It is therefore recommended that proceeds from subsidy removal should be monitored effectively so as to ensure that they are invested in critical infrastructural development of the country.

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