Good policy matters a lot in development of any country. Good policy makes all the difference in transforming a country from developing to developed country without the government spending enormous resources to make it happen. Adam Smith in his Wealth of Nation book written in 1776 argued that the result of everyone pursuing their own …
Tag Archive: companies
Removal of Fuel Subsidy
The federal government of Nigeria recently removed subsidy on imported Premium Motor Spirit (petroleum) and increased price of fuel from 86.50 Naira to $145 Naira per liter. What that means is that official government price of a gallon of petroleum now cost 580 Naira, a little less than $2 per gallon. Prices of petroleum has …