Sentences with phrase «subsidizing domestic fuel»
Nigeria continues the absurdity of expending more than 30 % of scarce foreign currency importing refined petroleum products, a self - imposed malaise as we insist on subsidizing domestic fuel consumption; and crude oil and gas as a percentage of our export revenue stays at 96 % meaning beyond all the talk of diversification, current rhetoric does not match the outcomes!
http://nigeriapoliticsonline.com/ Not exact matches
This means that approximately 6.5 % of global gross domestic product (GDP) will be dedicated in 2015 to just subsidizing our use of fossil fuels.
Biofuels also are contributing to the hikes but mainly because the EU and the United States are subsidizing domestic production of crops like corn that offer low efficiency when turned into fuel and compete with other foodstuffs for large swathes of land in these already densely populated areas, Clini said.