Nigeria: How to Reset Nigeria's Economy

"In the short term, the most effective measure to offset the removal of fuel subsidies is cash transfers."The long-term solution is to reduce dependence on PMS," Mr Sanusi said on Thursday in Lagos.

"If the state is a rentier state where the people in control see it as an avenue to make money for themselves and their families, they are never going to run an economy in a manner that encourages production and growth. The former CBN governor noted that Nigerians had been talking about fuel subsidies as far back as 2011.There was a problem processing your submission. Please try again later.

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