The fuel subsidy program has long existed in Nigeria, aimed at ensuring affordable fuel prices for Nigerian citizens, as the cost of importing petroleum products often exceeded their domestic selling price. However, over the years, the program has faced increasing challenges for the Nigerian government due to various factors.
Recently, Nigeria’s new president, Bola Ahmed Tinubu GCFR, announced the end of the fuel subsidy program during his inaugural speech on May 29, 2023. This announcement marked the end of the longstanding and controversial fuel subsidy that has plagued the country for decades. However, the removal of the fuel subsidy program has had significant impacts across all sectors in the country, stirring different perceptions from Nigerians including stakeholders, particularly in the renewable energy sector.
To delve into the impacts of fuel subsidy removal on the renewable energy industry, REAN is delighted to organize this webinar themed “Subsidy Removal: Socioeconomic Impacts and Opportunities for the Renewable Energy Sector.” The webinar will bring together experts to discuss the impacts, including potential, challenges, and opportunities. Join the webinar on Tuesday, June 27th, 2023, at 12:00 PM (WAT) via Zoom.
Register here: bit.ly/REANLNLWS