Fuel Subsidies in Niger

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In 2010, the cost of fuel subsidies in Niger reached about 1 percent of gross domestic product (GDP). The International Monetary Fund (IMF) argues that such expenditure was not only a burden on the government budget, but in addition they do not benefit the poorest segments of the population. In July 2011 the government adopted a strategy designed to gradually eliminate the subsidies. The government have also adopted mitigating measures to protect the urban poor from increases in transportation costs.[1]

At the opening ceremony of the Soraz Oil Refinery protests were held against the limited extent to which the government will subsidize the domestic sales of Nigerien oil.[2] According to the IMF the agreed prices were around 14 to 17 percent below import prices.[1]

References

  1. 1.0 1.1 "Oil, Uranium Projects Brighten Medium-term Prospects in Niger" International Monetary Fund, retrieved 19 April 2012.
  2. "Protests rage in Niger's oil refinery city" Reuters, retrieved 19 April 2012.