FUEL SUBSIDY REMOVAL AND MANUFACTURING PERFORMANCE IN NIGERIA: EVIDENCE FROM ENERGY EXPENDITURE AND CAPACITY UTILIZATION DATA
In May 2023, Nigeria removed its decades-long fuel subsidy program, marking one of Africa's most significant energy policy reforms. Using quarterly data from the Manufacturers Association of Nigeria (MAN) and the Central Bank of Nigeria (CBN) for 2021-2025, this study examines the impact of subsidy removal on manufactu...