Proceedings of the 3rd (Hybrid) International Conference, Faculty of Social Sciences, Niger Delta University, Held on June 4, 2025
DOI: 10.36108/wjss/ConfP.2025.004
EXPLORING ALTERNATIVE SOCIAL SAFETY NETS POST-SUBSIDY REMOVAL: OPPORTUNITIES FOR POVERTY ALLEVIATION IN NIGERIA
Wanogho Owegbe Akpughe & Apinoko Raphael
Department of Accountancy & Business Administration, Federal Polytechnic, Orogun
Abstract
This paper explores the effects of removing fuel subsidies in Nigeria and identifies feasible alternatives for social safety nets to combat poverty. It emphasizes the effectiveness of targeted conditional cash transfers, which connect assistance to positive behavioral outcomes, in contrast to universal subsidies that tend to benefit wealthier households. Additionally, the research points to microfinance initiatives as crucial for promoting economic independence through small business development. Community-based programs, developed with local input to address the specific challenges faced by groups like women-headed households and individuals with disabilities, are highlighted for their inclusivity and effectiveness. The findings suggest that a sustainable safety net should incorporate these diverse strategies within a comprehensive framework supported by careful planning, funding, and monitoring. The paper concludes with recommendations for the Nigerian government to transition from non-targeted subsidies to a more integrated social safety net approach. It calls for establishing a national registry for vulnerable populations, investing in community capacity development, and creating specialized microfinance opportunities. Implementing these strategies is seen as vital for reducing poverty, ensuring fair resource distribution, and promoting sustainable development in post-subsidy Nigeria.