The Logistical Cost of Not Subsidizing Petroleum (PMS) in Nigeria's Oil Sector and Economy

Nigeria, as a prominent oil producer, grapples with challenges in managing subsidies for petroleum products, notably Premium Motor Spirit (PMS). This paper delves into the logistical ramifications of not subsidizing PMS in Nigeria's oil sector and economy. Through a thorough examination of transportation, distribution, and socio-economic factors, this study illuminates the adverse consequences of subsidy removal on the country's logistical infrastructure, inflation rates, and socio-economic well-being. The findings underscore the necessity of a comprehensive approach to subsidy reform that addresses logistical hurdles while ensuring fiscal sustainability and social protection measures.