- 1 Marks
BMF – May 2022 – L1 – SA – Q3 – The Business Environment
Identify the policy intent that was not part of Nigeria's petroleum subsidy program.
Question
Recently, the Nigerian government adopted a policy of subsidising imported petroleum products. The following were the intent of the policy, EXCEPT:
A. Maintain low fuel prices
B. Reduce production costs in industry
C. Provide incentive to make Nigerian refineries more efficient
D. Promote the accessibility of transport to the wider population
E. Promote the accessibility of infrastructure to the wider population
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