Statistical analysis of perception of populace on the effect of removal of fuel subsidy

This paper examines perception of populace on the effect of removal of fuel subsidy on Nigeria economy. Questionnaire was administered to 396 respondents for data collection. Potential effects that are considered for effects of fuel subsidy removal on Nigeria economy are business closure, increased government revenue, increased poverty, inflation, reduced budget deficit, unemployment and others. Three categories which are not aware, fairly aware and verily aware were considered on the level of awareness of fuel subsidy removal with their perspective on the question that says in your opinion, what are the potential effects of fuel subsidy removal on the Nigeria economy. Chi-square test was used for the analysis and also multiple chart was used to show awareness of fuel subsidy removal with potential effects on Nigeria economy. Conclusively the result shows that removal of fuel subsidy affects Nigeria economy and poverty is the potential effect of removal of fuel subsidy and it poses more disadvantages than advantages.