Page 16 - UUBO Deal Academy 2020 - Materials

“Do we really need to keep the fuel subsidies,
as we are faced with revenue challenges?”
Dan Agbor asks. “The short answer is no.
But we need buffers to protect the poorest
in our society, as a removal will affect not
only the cost of transportation but also the
cost of goods like food products. Many
people who don’t need subsidies benefit
from it, but there are many who do need it,”
Hon. Minister Zainab Shamsuna Ahmed says.

“Special emphasis is being placed on
agriculture and food security, stabilising the
macroeconomic environment, expanding
MSMEs, and building our energy,
transportation and other infrastructure.
Also, we are keen on developing mass
housing, which has not been a focus of prior
governments, as well as the development of
consumer credit systems.”

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