Publication:
Impacts on Poverty of Removing Fuel Import Subsidies in Nigeria

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dc.contributor.authorSiddig, Khalid
dc.contributor.authorMinor, Peter
dc.contributor.authorGrethe, Harald
dc.contributor.authorAguiar, Angel
dc.contributor.authorWalmsley, Terrie
dc.date.accessioned2015-08-17T19:46:46Z
dc.date.available2015-08-17T19:46:46Z
dc.date.issued2015-07
dc.description.abstractThe petroleum sector contributes substantially to the Nigerian economy; however, the potential benefits are diminished because of the existence of significant subsidies on imports of petroleum products. Subsidies on imported petroleum products are considered to be an important instrument for keeping fuel prices, and hence the cost of living, low. The costs of these subsidies, however, have risen dramatically in recent years along with increased volatility in world petroleum and petroleum product prices and increased illegal exportation of subsidized petroleum products into neighboring countries. Removing the subsidy on fuel is one of the most contentious socioeconomic policy issues in Nigeria today. In this paper, an economy-wide framework is used to identify the impact of removing the fuel subsidy on the Nigerian economy and investigate how alternative policies might be used to meet socioeconomic objectives related to fuel subsidies. The results show that although a reduction in the subsidy generally results in an increase in Nigeria’s gross domestic product, it can have a detrimental impact on household income, and in particular on poor households. Accompanying the subsidy reduction with income transfers aimed at poor households or domestic production of petroleum products can alleviate the negative impacts on household income.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/24823659/impacts-poverty-removing-fuel-import-subsidies-nigeria
dc.identifier.doi10.1596/1813-9450-7376
dc.identifier.urihttps://hdl.handle.net/10986/22460
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7376
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectPROFIT MAXIMIZATION
dc.subjectEMPLOYMENT
dc.subjectFUEL SUBSIDIES
dc.subjectCANE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectANIMAL PRODUCTS
dc.subjectPRICE OF FUEL
dc.subjectPRODUCTION
dc.subjectPRICE INCREASES
dc.subjectBARRIER
dc.subjectINCOME
dc.subjectENERGY PRICING
dc.subjectPERFECT COMPETITION
dc.subjectVEHICLES
dc.subjectACTIVITIES
dc.subjectREAL GDP
dc.subjectEXCHANGE
dc.subjectGOOD GOVERNANCE
dc.subjectEXPORTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectWOOD PRODUCTS
dc.subjectELASTICITY
dc.subjectPOLITICAL ECONOMY
dc.subjectREGULATORY AGENCY
dc.subjectWELFARE
dc.subjectVARIABLES
dc.subjectDOMESTIC PRICE
dc.subjectGAS
dc.subjectBARRELS PER DAY
dc.subjectSUBSIDY
dc.subjectPRICE
dc.subjectTAX
dc.subjectREAL INCOME
dc.subjectINPUTS
dc.subjectSOCIAL COST
dc.subjectRETURNS TO SCALE
dc.subjectPAYMENTS
dc.subjectAIR
dc.subjectTRANSACTION COST
dc.subjectDEVELOPMENT
dc.subjectOILS
dc.subjectTRADE BALANCE
dc.subjectPETROLEUM
dc.subjectSAVINGS
dc.subjectROAD
dc.subjectPETROLEUM PRODUCTION
dc.subjectCOSTS
dc.subjectOIL
dc.subjectTELECOMMUNICATIONS
dc.subjectROAD SECTOR
dc.subjectTRANSPORT
dc.subjectKEROSENE SUBSIDIES
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectDEMAND FOR PETROLEUM PRODUCTS
dc.subjectWATER
dc.subjectEXTERNALITIES
dc.subjectFAILURES
dc.subjectINCREASING RETURNS
dc.subjectDEBT
dc.subjectSUGAR CANE
dc.subjectTRANSPORT EQUIPMENT
dc.subjectPRICE SUBSIDIES
dc.subjectUTILITY
dc.subjectNATURAL RESOURCES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectNOMINAL INCOME
dc.subjectFUEL CONSUMPTION
dc.subjectFUELS
dc.subjectSUBSIDIES
dc.subjectECONOMIC RESEARCH
dc.subjectINFRASTRUCTURE
dc.subjectTAXES
dc.subjectPRICE CHANGE
dc.subjectAUTOMOBILES
dc.subjectINVESTORS
dc.subjectCONSUMPTION
dc.subjectTRANSPORTATION
dc.subjectWAGES
dc.subjectPOLICIES
dc.subjectTRUCKS
dc.subjectBALANCE
dc.subjectMARKET PRICES
dc.subjectVALUE
dc.subjectTRADING PATTERNS
dc.subjectPOWER
dc.subjectELECTRICITY
dc.subjectOIL REFINING CAPACITY
dc.subjectDEMAND
dc.subjectFOSSIL FUEL
dc.subjectPRICE CHANGES
dc.subjectECONOMY
dc.subjectAGRICULTURE
dc.subjectCONSUMERS
dc.subjectINCOMES
dc.subjectMOTOR VEHICLES
dc.subjectECONOMIC EFFICIENCY
dc.subjectIMPORTS OF PETROLEUM
dc.subjectFUEL PRICES
dc.subjectOIL REFINING
dc.subjectSHARES
dc.subjectENERGY USE
dc.subjectECONOMIC THEORY
dc.subjectENERGY PRICES
dc.subjectPETROLEUM SECTOR
dc.subjectCOST OF TRANSPORTATION
dc.subjectENERGY EFFICIENCY
dc.subjectGOVERNANCE
dc.subjectTRADE
dc.subjectNATURAL GAS
dc.subjectVOLATILE ENERGY
dc.subjectAIR TRANSPORT
dc.subjectGDP
dc.subjectGOODS
dc.subjectTHEORY
dc.subjectINVESTMENT
dc.subjectFUEL PRICE
dc.subjectSHARE
dc.subjectCOAL
dc.subjectFUEL
dc.subjectCRUDE OIL
dc.subjectSEA TRANSPORT
dc.subjectINVESTMENTS
dc.subjectCOSTS OF TRANSPORT
dc.subjectDOMESTIC PETROLEUM
dc.subjectCONSUMPTION OF PETROLEUM
dc.subjectPETROLEUM PRODUCTS
dc.subjectKEROSENE
dc.subjectCOMMODITY
dc.subjectFOSSIL
dc.subjectPOSITIVE EFFECTS
dc.subjectFUEL COST
dc.subjectPRODUCERS OF PETROLEUM
dc.subjectPRICES
dc.subjectAPPROACH
dc.subjectPRODUCTION COSTS
dc.subjectENERGY
dc.subjectDEVELOPMENT POLICY
dc.subjectCOMPETITION
dc.titleImpacts on Poverty of Removing Fuel Import Subsidies in Nigeriaen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleImpacts on Poverty of Removing Fuel Import Subsidies in Nigeria
okr.date.disclosure2015-07-24
okr.date.doiregistration2025-04-10T10:55:41.858365Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2015/07/24823659/impacts-poverty-removing-fuel-import-subsidies-nigeria
okr.globalpracticeEnergy and Extractives
okr.globalpracticePoverty
okr.guid977601468180545927
okr.identifier.doi10.1596/1813-9450-7376
okr.identifier.externaldocumentum090224b08302404f_1_0
okr.identifier.internaldocumentum24823659
okr.identifier.reportWPS7376
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/07/24/090224b08302404f/1_0/Rendered/PDF/Impacts0on0pov0subsidies0in0Nigeria.pdfen
okr.region.administrativeAfrica
okr.region.countryNigeria
okr.topicTransport::Transport Economics & Policy Planning
okr.topicEnergy::Energy Consumption
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicPoverty Reduction::Equity and Development
okr.topicPoverty Reduction::Poverty and Policy
okr.unitAgriculture and Rural Development Team, Development Research Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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