ABS E21: Understanding the Effect of Fuel Subsidy Removal in Nigeria

Africa's Big Switch (ABS)

Oct 25, 2023 Episode 21

Bolaji Akinola-Alli

We had a conversation with Noelle Okwedy, the Energy Insights Lead at Stears, a startup focused on providing data and insights to professionals interested in the African continent.

Having worked in the Nigerian power sector after studying financial economics with econometrics at the University of Kent. Noelle is passionate about improving energy access in Africa.

We cover the following themes on this episode:

The history and initial intention of the Nigerian government for providing fuel subsidy.
The impact of fuel subsidy removal to the government's budget and the unwanted domino effects to the cost of living of Nigerians.
Noelle's opinion on the approach to fuel subsidy removal and the need for improved budget planning and transparency.
Potential solutions such as Compressed Natural Gas (CNG) in transportation and the need for significant government infrastructure investment and policy, to attract investors.

Have a listen!

The history and initial intention of the Nigerian government for providing fuel subsidy.
The impact of fuel subsidy removal to the government's budget and the unwanted domino effects to the cost of living of Nigerians.
Noelle's opinion on the approach to fuel subsidy removal and the need for improved budget planning and transparency.
Potential solutions such as Compressed Natural Gas (CNG) in transportation and the need for significant government infrastructure investment and policy, to attract investors.

Have a listen!

Africa's Big Switch (ABS)

ABS E21: Understanding the Effect of Fuel Subsidy Removal in Nigeria

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