The Institute of Economic Affairs (IEA) has called on the government to reduce some of the fuel issues/levies and the use of part of the government’s windfall gains from higher oil prices to cushion pump prices.
This forms part of the proposed measures by the IEA to the government amid the global economic problems.
A statement issued by the IEA on Monday, September 19, 2022, said: “Regarding transport, we call for the expansion of public transport and subsidisation of fares to cushion the masses.
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“Regarding food, we call for reinforcement of measures to ensure that food stocks are easily transported from farm gates to market. We call for subsidies on basic staples like maize, rice, cooking oil, and bread.”
Read the statement below:
