Universal Basic Income (UBI) is “a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement”. This is quite different from the existing conditional cash transfer in Nigeria. Our analyst notes that genuine implementation of the framework, like what operates in the United States of America and other countries in the global north, can help alleviate the hardships caused by fuel subsidy removal. Here are the critical stages for implementing it.
Policy Development and Design
a. Establish a task force or committee consisting of economists, social scientists, policymakers, and representatives from various […]
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