Politics of Fuel Subsidy Regime in Nigeria and Its Implications: An Assessment of President Bola Ahmed Tinubu’s Administration
The fuel subsidy removal in Nigeria by President Bola Ahmed Tinubu’s administration had continued to raise serious questions and concern among her citizens of its economic, social and political implications. This study examined the politics of fuel subsidy regime and its implications in Nigeria. The study relied on qualitative approach to gather and analyzed its data. This study adopted the Neo-Liberalism theory as the theoretical framework of analysis. The major finding of the study revealed that fuel subsidy removal had freed up financial resources for other sectors of the economy. Other findings are that fuel subsidy removal had decreased economic growth in the short term; increased inflation; increase the prices of petroleum products and loss of jobs in the informal sector. The study concluded by recommending among others, that the government should provide critical public infrastructures and other economic relief programmes to cushion the adverse effect on individuals and firms
Authors
- Edem Ebong
- Effiong Ekpenyong
- Uko Uwak
Institutions
- University of Uyo (NG)
Publication Details
- Journal
- Journal of Policy and Development Studies
- Published
- 2024-12-12
- DOI
- https://doi.org/10.4314/jpds.v17i1.5
- Primary Topic
- Energy, Environment, and Transportation Policies
- Type
- article
- Field-Weighted Citation Impact
- 0.00