An analysis of the abolition of premium motor spirit (PMS) subsidies in Nigeria: a breach of social contract or climate change action?
Abstract The study examines the payment of fossil fuel subsidies made in Nigeria on petrol, with an analysis of the laws governing its payments. It explores the reasons for the removal of the petrol subsidy and examines the merits advocated by proponents of its elimination. Additionally, it investig...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Springer
2024-04-01
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| Series: | Discover Sustainability |
| Subjects: | |
| Online Access: | https://doi.org/10.1007/s43621-024-00252-z |
| _version_ | 1797199750229917696 |
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| author | Olusola Joshua Olujobi Oshobugie Suleiman Irumekhai |
| author_facet | Olusola Joshua Olujobi Oshobugie Suleiman Irumekhai |
| author_sort | Olusola Joshua Olujobi |
| collection | DOAJ |
| description | Abstract The study examines the payment of fossil fuel subsidies made in Nigeria on petrol, with an analysis of the laws governing its payments. It explores the reasons for the removal of the petrol subsidy and examines the merits advocated by proponents of its elimination. Additionally, it investigates the diverse pricing methods employed for petroleum products. Employing a doctrinal legal research methodology, the article relies on the existing primary and secondary sources of laws to provide insights for the reforms. The study concludes with recommendations such as the implementation of a mixed economic system, reinforcement of trade laws, consumer protection and competition laws, improvement of transparency and accountability, promotion of investments in local refineries, adoption of cleaner alternative energy sources such as renewable energy sources by adopting the global energy transition agenda, and provision of palliatives. The findings unravel the complexities surrounding petrol subsidy payments which have occasioned corruption, rent-seeking activities and insufficient utilization of clean sources of energy. A significant gap exists in Nigeria’s energy sector compared to the selected case study countries. The study provides valuable insights for policymakers and stakeholders. The recommendations promote transparency, and accountability and will facilitate the necessary reforms for sustainable downstream petroleum industry and global energy security. |
| first_indexed | 2024-04-24T07:20:43Z |
| format | Article |
| id | doaj.art-46016cac0b3649bc8ccb4bd8d8bea662 |
| institution | Directory Open Access Journal |
| issn | 2662-9984 |
| language | English |
| last_indexed | 2024-04-24T07:20:43Z |
| publishDate | 2024-04-01 |
| publisher | Springer |
| record_format | Article |
| series | Discover Sustainability |
| spelling | doaj.art-46016cac0b3649bc8ccb4bd8d8bea6622024-04-21T11:04:01ZengSpringerDiscover Sustainability2662-99842024-04-015112110.1007/s43621-024-00252-zAn analysis of the abolition of premium motor spirit (PMS) subsidies in Nigeria: a breach of social contract or climate change action?Olusola Joshua Olujobi0Oshobugie Suleiman Irumekhai1Department of Public and International Law, College of Law, Afe Babalola UniversityDepartment of Public and International Law, College of Law, Afe Babalola UniversityAbstract The study examines the payment of fossil fuel subsidies made in Nigeria on petrol, with an analysis of the laws governing its payments. It explores the reasons for the removal of the petrol subsidy and examines the merits advocated by proponents of its elimination. Additionally, it investigates the diverse pricing methods employed for petroleum products. Employing a doctrinal legal research methodology, the article relies on the existing primary and secondary sources of laws to provide insights for the reforms. The study concludes with recommendations such as the implementation of a mixed economic system, reinforcement of trade laws, consumer protection and competition laws, improvement of transparency and accountability, promotion of investments in local refineries, adoption of cleaner alternative energy sources such as renewable energy sources by adopting the global energy transition agenda, and provision of palliatives. The findings unravel the complexities surrounding petrol subsidy payments which have occasioned corruption, rent-seeking activities and insufficient utilization of clean sources of energy. A significant gap exists in Nigeria’s energy sector compared to the selected case study countries. The study provides valuable insights for policymakers and stakeholders. The recommendations promote transparency, and accountability and will facilitate the necessary reforms for sustainable downstream petroleum industry and global energy security.https://doi.org/10.1007/s43621-024-00252-zDeregulationDownstream petroleum sub-sectorSubsidyOil and gasNigeria |
| spellingShingle | Olusola Joshua Olujobi Oshobugie Suleiman Irumekhai An analysis of the abolition of premium motor spirit (PMS) subsidies in Nigeria: a breach of social contract or climate change action? Discover Sustainability Deregulation Downstream petroleum sub-sector Subsidy Oil and gas Nigeria |
| title | An analysis of the abolition of premium motor spirit (PMS) subsidies in Nigeria: a breach of social contract or climate change action? |
| title_full | An analysis of the abolition of premium motor spirit (PMS) subsidies in Nigeria: a breach of social contract or climate change action? |
| title_fullStr | An analysis of the abolition of premium motor spirit (PMS) subsidies in Nigeria: a breach of social contract or climate change action? |
| title_full_unstemmed | An analysis of the abolition of premium motor spirit (PMS) subsidies in Nigeria: a breach of social contract or climate change action? |
| title_short | An analysis of the abolition of premium motor spirit (PMS) subsidies in Nigeria: a breach of social contract or climate change action? |
| title_sort | analysis of the abolition of premium motor spirit pms subsidies in nigeria a breach of social contract or climate change action |
| topic | Deregulation Downstream petroleum sub-sector Subsidy Oil and gas Nigeria |
| url | https://doi.org/10.1007/s43621-024-00252-z |
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