Reforming inefficient and inequitable energy subsidies continues to be an important priority for policymakers as does instituting “green taxes” to reduce carbon emissions. Simply increasing energy prices will have adverse impact on poorer consumers, who may spend substantial budget shares on energy and energy-intensive products even though the rich typically appropriate more of the price subsidy. Equitable pricing reforms therefore need to be accompanied by programs to transfer compensation: depending on the situation, this can be targeted or universal.
There are growing concerns over the National Social Investment Programmes (NSIP), which is a social safety net established by the Federal Government, in 2016, to tackle poverty and hunger across the country.
To say the Buhari administration’s National Social Investment Programmes (NSIP) has benefited millions of Nigerians is stating the obvious. Across the 36 states of the federation and the FCT, millions can testify to the impact of the Social Investment Programmes of this administration. It has not only provided needed welfare support to Nigerians but it has also created jobs and provided more opportunities for Nigerians in the formal and informal economy.