Mlachila, Montfort; Ruggiero, Edgardo; Corvino, David - 2016
illustrates the constraints by examining the case of Nigeria, a major oil exporter that subsidizes gasoline, and that of Togo, an … oil importer and neighbor of Nigeria. It finds that the price differential between formal prices in Togo and Nigeria is … the main driver of changes in formal sector gasoline consumption. Specifically, the lower the formal price in Nigeria, the …