@article{MAKHILLJET2018122-628564, title = {A Theoretical Framework for the Analysis of Nigeria's Petrol Subsidy (Part 1)}, journal = {Journal of Economics Theory}, volume = {12}, number = {2-6}, pages = {25-27}, year = {2018}, issn = {1994-8212}, doi = {jeth.2018.25.27}, url = {https://makhillpublications.co/view-article.php?issn=1994-8212&doi=jeth.2018.25.27}, author = {Apiribo}, keywords = {International trade in petroleum products,optimal subsidies,import subsidization,minor changes,crude oil,optimal subsidy}, abstract = {This study provides a simple theoretical framework with which to analyze the effects of Nigeria's petrol subsidy on welfare. We are able to show how a subsidy can improve societal welfare but minor changes to assumptions can negate the results. In particular, rises in crude oil prices can make the optimal subsidy negative.} }