[ad_1] <br><div wp_automatic_readability="5"> <!--<![endif]--> <meta charset="UTF-8"/> <meta http-equiv="X-UA-Compatible" content="IE=edge"/> <meta name="viewport" content="width=device-width, initial-scale=1.0"/> <link rel="pingback" href="https://businessday.ng/xmlrpc.php"/> <meta name="robots" content="index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"/> <!-- This site is optimized with the Yoast SEO Premium plugin v16.9 (Yoast SEO v16.9) - https://yoast.com/wordpress/plugins/seo/ --> <title>With gasoline subsidy, Nigeria's financial system challenged on a number of fronts – Akabueze - Businessday NG</title> <meta name="description" content="For Nigeria, retaining fuel subsidies amid tight fiscal conditions is ‘a case of collective foolishness’, as it not only hurts the economy..."/> <link rel="canonical" href="https://businessday.ng/interview/article/with-fuel-subsidy-nigerias-economy-challenged-on-multiple-fronts-akabueze/"/> <meta property="og:locale" content="en_US"/> <meta property="og:type" content="article"/> <meta property="og:title" content="With fuel subsidy, Nigeria's economy challenged on multiple fronts – Akabueze"/> <meta property="og:description" content="For Nigeria, retaining fuel subsidies amid tight fiscal conditions is ‘a case of collective foolishness’, as it not only hurts the economy, but benefits"/> <meta property="og:url" content="https://businessday.ng/interview/article/with-fuel-subsidy-nigerias-economy-challenged-on-multiple-fronts-akabueze/"/> <meta property="og:site_name" content="Businessday NG"/> <meta property="article:publisher" content="https://www.facebook.com/businessdayng"/> <meta property="article:published_time" content="2021-08-26T09:40:52+00:00"/> <meta property="og:image" content="https://149520306.v2.pressablecdn.com/wp-content/uploads/2021/08/Untitled-design-2021-08-26T103315.814.png"/> <meta property="og:image:width" content="700"/> <meta property="og:image:height" content="400"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:creator" content="@businessdayng"/> <meta name="twitter:site" content="@businessdayng"/> <meta name="twitter:label1" content="Written by"/> <meta name="twitter:data1" content="Obinna Nwachukwu"/> <meta name="twitter:label2" content="Est. reading time"/> <meta name="twitter:data2" content="39 minutes"/> <!-- / Yoast SEO Premium plugin. --> <link rel="dns-prefetch" href="https://cdn.jsdelivr.net"/> <link rel="dns-prefetch" href="https://use.fontawesome.com"/> <link rel="dns-prefetch" href="https://fonts.googleapis.com"/> <link rel="dns-prefetch" href="https://s.w.org"/> <link rel="dns-prefetch" href="https://i0.wp.com"/> <link rel="dns-prefetch" href="https://i1.wp.com"/> <link rel="dns-prefetch" href="https://i2.wp.com"/> <link rel="dns-prefetch" href="https://c0.wp.com"/> <link rel="alternate" type="application/rss+xml" title="Businessday NG » Feed" href="https://businessday.ng/feed/"/> <link rel="alternate" type="application/rss+xml" title="Businessday NG » Comments Feed" href="https://businessday.ng/comments/feed/"/> <link rel="alternate" type="application/rss+xml" title="Businessday NG » With fuel subsidy, Nigeria’s economy challenged on multiple fronts – Akabueze Comments Feed" href="https://businessday.ng/interview/article/with-fuel-subsidy-nigerias-economy-challenged-on-multiple-fronts-akabueze/feed/"/> <link rel="stylesheet" id="wp-block-library-css" href="https://c0.wp.com/c/5.8/wp-includes/css/dist/block-library/style.min.css" type="text/css" media="all"/> <link rel="stylesheet" id="gutenberg-pdfjs-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/pdfjs-viewer-shortcode/inc/../blocks/dist/style.css?ver=2.0.0" type="text/css" media="all"/> <link rel="stylesheet" id="mediaelement-css" href="https://c0.wp.com/c/5.8/wp-includes/js/mediaelement/mediaelementplayer-legacy.min.css" type="text/css" media="all"/> <link rel="stylesheet" id="wp-mediaelement-css" href="https://c0.wp.com/c/5.8/wp-includes/js/mediaelement/wp-mediaelement.min.css" type="text/css" media="all"/> <link rel="stylesheet" id="pmpro_frontend-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/paid-memberships-pro/css/frontend.css?ver=2.6" type="text/css" media="screen"/> <link rel="stylesheet" id="pmpro_print-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/paid-memberships-pro/css/print.css?ver=2.6" type="text/css" media="print"/> <link rel="stylesheet" id="pmpro-advanced-levels-styles-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/pmpro-advanced-levels-shortcode/css/pmpro-advanced-levels.css?ver=5.8" type="text/css" media="all"/> <link rel="stylesheet" id="pmprorh_frontend-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/pmpro-mailchimp/css/pmpromc.css?ver=5.8" type="text/css" media="all"/> <link rel="stylesheet" id="xoo-el-style-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/easy-login-woocommerce/assets/css/xoo-el-style.css?ver=2.1" type="text/css" media="all"/> <link rel="stylesheet" id="xoo-el-fonts-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/easy-login-woocommerce/assets/css/xoo-el-fonts.css?ver=2.1" type="text/css" media="all"/> <link rel="stylesheet" id="xoo-aff-style-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/easy-login-woocommerce/xoo-form-fields-fw/assets/css/xoo-aff-style.css?ver=1.1" type="text/css" media="all"/> <link rel="stylesheet" id="xoo-aff-font-awesome5-css" href="https://use.fontawesome.com/releases/v5.5.0/css/all.css?ver=5.8" type="text/css" media="all"/> <link rel="stylesheet" id="select2-css" href="https://cdn.jsdelivr.net/npm/select2@4.1.0-beta.1/dist/css/select2.min.css?ver=5.8" type="text/css" media="all"/> <link rel="stylesheet" id="dlm-frontend-css" href="https://149520306.v2.pressablecdn.com/wp-content/plugins/download-monitor/assets/css/frontend.css?ver=5.8" type="text/css" media="all"/> <link rel="stylesheet" id="publisher-child-css" href="https://149520306.v2.pressablecdn.com/wp-content/themes/publisher-child/style.css?ver=1.0.0" type="text/css" media="all"/> <link rel="stylesheet" id="better-framework-main-fonts-css" href="https://fonts.googleapis.com/css?family=Lato:400,700%7CLibre+Franklin:400,600%7CLibre+Baskerville:400,700%7CRoboto:700%7CArimo:700&display=swap" type="text/css" media="all"/> <link rel="stylesheet" id="jetpack_css-css" href="https://c0.wp.com/p/jetpack/10.0/css/jetpack.css" type="text/css" media="all"/> <link rel="https://api.w.org/" href="https://businessday.ng/wp-json/"/><link rel="alternate" type="application/json" href="https://businessday.ng/wp-json/wp/v2/posts/567940"/><link rel="EditURI" type="application/rsd+xml" title="RSD" href="https://businessday.ng/xmlrpc.php?rsd"/> <link rel="wlwmanifest" type="application/wlwmanifest+xml" href="https://businessday.ng/wp-includes/wlwmanifest.xml"/> <link rel="shortlink" href="https://businessday.ng/?p=567940"/> <link rel="alternate" type="application/json+oembed" href="https://businessday.ng/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fbusinessday.ng%2Finterview%2Farticle%2Fwith-fuel-subsidy-nigerias-economy-challenged-on-multiple-fronts-akabueze%2F"/> <link rel="alternate" type="text/xml+oembed" href="https://businessday.ng/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fbusinessday.ng%2Finterview%2Farticle%2Fwith-fuel-subsidy-nigerias-economy-challenged-on-multiple-fronts-akabueze%2F&format=xml"/> <!-- This site is using AdRotate v5.8.20 to display their advertisements - https://ajdg.solutions/ --> <!-- AdRotate CSS --> <!-- /AdRotate CSS --> <link rel="amphtml" href="https://businessday.ng/interview/article/with-fuel-subsidy-nigerias-economy-challenged-on-multiple-fronts-akabueze/amp/"/> <!-- BEGIN Parse.ly 2.5.1 --> <!-- END Parse.ly --> <!-- head leaderboard --><!-- Amp adsense Code --> <!-- --> <!--end of Amp adsense Code --> <!-- Pinterest --> <meta name="p:domain_verify" content="e6bc044284abb15a09264289382fcdff"/> <!-- Google Adword Tags--> <!-- Global site tag (gtag.js) - Google Ads: 871620854 --> <!--meta tags for favicon--> <link rel="apple-touch-icon" sizes="57x57" href="https://businessday.ng/apple-icon-57x57.png"/> <link rel="apple-touch-icon" sizes="60x60" href="https://businessday.ng/apple-icon-60x60.png"/> <link rel="apple-touch-icon" sizes="72x72" href="https://businessday.ng/apple-icon-72x72.png"/> <link rel="apple-touch-icon" sizes="76x76" href="https://businessday.ng/apple-icon-76x76.png"/> <link rel="apple-touch-icon" sizes="114x114" href="https://businessday.ng/apple-icon-114x114.png"/> <link rel="apple-touch-icon" sizes="120x120" href="https://businessday.ng/apple-icon-120x120.png"/> <link rel="apple-touch-icon" sizes="144x144" href="https://businessday.ng/apple-icon-144x144.png"/> <link rel="apple-touch-icon" sizes="152x152" href="https://businessday.ng/apple-icon-152x152.png"/> <link rel="apple-touch-icon" sizes="180x180" href="https://businessday.ng/apple-icon-180x180.png"/> <link rel="icon" type="image/png" sizes="192x192" href="https://businessday.ng/android-icon-192x192.png"/> <link rel="icon" type="image/png" sizes="32x32" href="https://businessday.ng/favicon-32x32.png"/> <link rel="icon" type="image/png" sizes="96x96" href="https://businessday.ng/favicon-96x96.png"/> <link rel="icon" type="image/png" sizes="16x16" href="https://businessday.ng/favicon-16x16.png"/> <link rel="manifest" href="https://businessday.ng/manifest.json"/> <meta name="msapplication-TileColor" content="#ffffff"/> <meta name="msapplication-TileImage" content="/ms-icon-144x144.png"/> <meta name="theme-color" content="#ffffff"/> <!-- end of meta for favicon--> <!-- Adroll --> <!--end of Adroll --> <link rel="shortcut icon" href="https://149520306.v2.pressablecdn.com/wp-content/uploads/2021/06/unnamed-1.png"/> <link rel="apple-touch-icon" href="https://149520306.v2.pressablecdn.com/wp-content/uploads/2021/06/Webp.net-resizeimage.png"/> <link rel="apple-touch-icon" sizes="114x114" href="https://149520306.v2.pressablecdn.com/wp-content/uploads/2021/06/Webp.net-resizeimage-1.png"/> <link rel="apple-touch-icon" sizes="72x72" href="https://149520306.v2.pressablecdn.com/wp-content/uploads/2021/06/Webp.net-resizeimage-2.png"/> <link rel="apple-touch-icon" sizes="144x144" href="https://149520306.v2.pressablecdn.com/wp-content/uploads/2021/06/Webp.net-resizeimage-4.png"/> <meta name="onesignal" content="wordpress-plugin"/> <meta name="generator" content="Powered by WPBakery Page Builder - drag and drop page builder for WordPress."/> <link rel="stylesheet" id="bf-minifed-css-1" href="https://149520306.v2.pressablecdn.com/wp-content/bs-booster-cache/f1bb099f154f855da4c6383f7108547e.css" type="text/css" media="all"/> <link rel="stylesheet" id="7.11.0-1629956980" href="https://149520306.v2.pressablecdn.com/wp-content/bs-booster-cache/3bb1392f5a3b7cb6ea41e4ce78db41cb.css" type="text/css" media="all"/> <link href="https://unpkg.com/tailwindcss@^2/dist/tailwind.min.css" rel="stylesheet"/> <!-- BetterFramework Head Inline CSS --> <!-- /BetterFramework Head Inline CSS--> <noscript/> <div class="nlvwxprec nlvwxprec-before-header nlvwxprec-loc-header_before nlvwxprec-align-center nlvwxprec-column-1 no-bg-box-model"><div id="nlvwxprec-548683-2014325685" class="nlvwxprec-container nlvwxprec-type-image " itemscope="" itemtype="https://schema.org/WPAdBlock" data-adid="548683" data-type="image"><a itemprop="url" class="nlvwxprec-link" href="https://www.infobip.com/c/whatsapp-business-special-offer?utm_source=businessdayonline.com&utm_medium=affiliate&utm_campaign=reach%20--%20businessdayonline.com%20--%20awareness%20--%20whatsapp%20acs%20--%20africa%20--%20nigeria&utm_term=whatsapp%20acs%20--%20english%20--%20mix%20--%20businessdayonline.com%20--%20africa%20--%20nigeria&utm_content=image-ad%20--%201900x300%20--%20english" target="_blank" rel="noopener"><img class="nlvwxprec-image" src="https://149520306.v2.pressablecdn.com/wp-content/uploads/2021/06/WA_ACS-1900x300-1.png" alt="Info Bip"/></a></div></div> <!-- .header --> <!-- .rh-header --> <div class="main-wrap content-main-wrap"> <nav role="navigation" aria-label="Breadcrumbs" class="bf-breadcrumb clearfix bc-top-style"><div class="container bf-breadcrumb-container"><ul class="bf-breadcrumb-items" itemscope="" itemtype="http://schema.org/BreadcrumbList"><meta name="numberOfItems" content="3"/><meta name="itemListOrder" content="Ascending"/><li itemprop="itemListElement" itemscope="" itemtype="http://schema.org/ListItem" class="bf-breadcrumb-item bf-breadcrumb-begin"><a itemprop="item" href="https://businessday.ng" rel="home"><span itemprop="name">Dwelling</span></a><meta itemprop="position" content="1"/></li><li itemprop="itemListElement" itemscope="" itemtype="http://schema.org/ListItem" class="bf-breadcrumb-item"><a itemprop="item" href="https://businessday.ng/category/interview/"><span itemprop="name">Interview</span></a><meta itemprop="position" content="2"/></li><li itemprop="itemListElement" itemscope="" itemtype="http://schema.org/ListItem" class="bf-breadcrumb-item bf-breadcrumb-end"><span itemprop="name">With gasoline subsidy, Nigeria’s financial system challenged on a number of fronts – Akabueze</span><meta itemprop="item" content="https://businessday.ng/interview/article/with-fuel-subsidy-nigerias-economy-challenged-on-multiple-fronts-akabueze/"/><meta itemprop="position" content="3"/></li></ul></div></nav><!-- .content-wrap --> <!-- .footer --> </div><!-- .main-wrap --> <span class="back-top"><i class="fa fa-arrow-up"/></span> <!--[if lt IE 9]> <![endif]--> <!--[if lt IE 9]> <![endif]--> <!-- HFCM by 99 Robots - Snippet # 50: Zendesk --> <!-- Start of businessdaynigeria Zendesk Widget script --> <!-- End of businessdaynigeria Zendesk Widget script --> <!-- /end HFCM by 99 Robots --> <!-- HFCM by 99 Robots - Snippet # 54: Getsite --> <!-- /end HFCM by 99 Robots --> <!-- Memberships powered by Paid Memberships Pro v2.6. --> <!-- Global site tag (gtag.js) - Google Analytics , added optimize and adword conversion code at config--> <!-- to remove,optmize from config, remove AW---- from config and HFM--> <!-- Global site tag (gtag.js) - Google Analytics --> <!-- Global site tag (gtag.js) - Google Ads: 871620854 --> <!-- AdRotate JS --> <!-- /AdRotate JS --> </div> <br>[ad_2]
