- 10 Marks
BMF – May 2021 – L1 – SB – Q1c – The Business Environment
State ten possible economic impacts of the removal of fuel subsidy in Nigeria.
Question
Governments of nations sometimes use economic policies to achieve political, social, or economic objectives. As an integral part of the Nigerian government’s medium-term fiscal framework, there is a proposal to remove fuel subsidy in 2021. According to economic theory, state TEN possible economic impacts of the removal of fuel subsidy in Nigeria.
Find Related Questions by Tags, levels, etc.
- Tags: Economic Impact, Fuel Subsidy, Government Policy, Inflation
- Level: Level 1
- Topic: The Business Environment
- Series: MAY 2021
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