Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria

Abdulkadir Baba Mohammed; Funmilola Fausat Ahmed; Abdulkabir Niran Adedeji

doi:doi:10.11648/j.jbed.20200501.12

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Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria

Abdulkadir Baba Mohammed, Funmilola Fausat Ahmed, Abdulkabir Niran Adedeji

Published in Journal of Business and Economic Development (Volume 5, Issue 1)

Received: 27 December 2019 Accepted: 27 January 2020 Published: 11 February 2020

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Abstract

Subsidy has been one of the means of trickling economic effect down to reach majority adopted by many countries, including Nigeria. Recently, in Nigeria, subsidy on petroleum was removed which has led to a great macro-based debates. However, a study on such effect on individual might better provide important information on the impact of the policy, especially the impact on wellbeing of the poor. Thus, this study assessed the impact of fuel subsidy removal on the socioeconomic characteristics of households in Maiduguri metropolis, Borno state, Nigeria. Survey data were collected and analysed using descriptive statistics and simple regression method. Result on socioeconomic characteristics revealed that about 70.4% of respondents in the study area were male, about 61.3% were married, 41.5% fall within the ages of 30-39 years. Besides, 50.7% had tertiary education, 52.1% were civil servants and about 34.5% have income level ranges between ₦40,000 - ₦59,999 monthly. It was also revealed that 56.3% of the respondents had 8 – 10 family members, while 57.7% of them have 1 – 5 dependents. On the other, the inferential statistic result revealed that the households’ characteristics variable were positively related to fuel subsidy removal, significant at 1%, except households’ age. For sustainability, attention should be focused on workers’ wages and salaries increase, family planning and transportation costs reduction as these may alleviate hardship of fuel subsidy removal on low-income earners in Nigeria.

Published in	Journal of Business and Economic Development (Volume 5, Issue 1)
DOI	10.11648/j.jbed.20200501.12
Page(s)	10-20
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Fuel Subsidy Removal, Socioeconomic Development, Wellbeing, Sustainability

References

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APA Style

Abdulkadir Baba Mohammed, Funmilola Fausat Ahmed, Abdulkabir Niran Adedeji. (2020). Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria. Journal of Business and Economic Development, 5(1), 10-20. https://doi.org/10.11648/j.jbed.20200501.12

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ACS Style

Abdulkadir Baba Mohammed; Funmilola Fausat Ahmed; Abdulkabir Niran Adedeji. Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria. J. Bus. Econ. Dev. 2020, 5(1), 10-20. doi: 10.11648/j.jbed.20200501.12

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AMA Style

Abdulkadir Baba Mohammed, Funmilola Fausat Ahmed, Abdulkabir Niran Adedeji. Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria. J Bus Econ Dev. 2020;5(1):10-20. doi: 10.11648/j.jbed.20200501.12

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@article{10.11648/j.jbed.20200501.12,
  author = {Abdulkadir Baba Mohammed and Funmilola Fausat Ahmed and Abdulkabir Niran Adedeji},
  title = {Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria},
  journal = {Journal of Business and Economic Development},
  volume = {5},
  number = {1},
  pages = {10-20},
  doi = {10.11648/j.jbed.20200501.12},
  url = {https://doi.org/10.11648/j.jbed.20200501.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20200501.12},
  abstract = {Subsidy has been one of the means of trickling economic effect down to reach majority adopted by many countries, including Nigeria. Recently, in Nigeria, subsidy on petroleum was removed which has led to a great macro-based debates. However, a study on such effect on individual might better provide important information on the impact of the policy, especially the impact on wellbeing of the poor. Thus, this study assessed the impact of fuel subsidy removal on the socioeconomic characteristics of households in Maiduguri metropolis, Borno state, Nigeria. Survey data were collected and analysed using descriptive statistics and simple regression method. Result on socioeconomic characteristics revealed that about 70.4% of respondents in the study area were male, about 61.3% were married, 41.5% fall within the ages of 30-39 years. Besides, 50.7% had tertiary education, 52.1% were civil servants and about 34.5% have income level ranges between ₦40,000 - ₦59,999 monthly. It was also revealed that 56.3% of the respondents had 8 – 10 family members, while 57.7% of them have 1 – 5 dependents. On the other, the inferential statistic result revealed that the households’ characteristics variable were positively related to fuel subsidy removal, significant at 1%, except households’ age. For sustainability, attention should be focused on workers’ wages and salaries increase, family planning and transportation costs reduction as these may alleviate hardship of fuel subsidy removal on low-income earners in Nigeria.},
 year = {2020}
}

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TY  - JOUR
T1  - Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria
AU  - Abdulkadir Baba Mohammed
AU  - Funmilola Fausat Ahmed
AU  - Abdulkabir Niran Adedeji
Y1  - 2020/02/11
PY  - 2020
N1  - https://doi.org/10.11648/j.jbed.20200501.12
DO  - 10.11648/j.jbed.20200501.12
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 10
EP  - 20
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20200501.12
AB  - Subsidy has been one of the means of trickling economic effect down to reach majority adopted by many countries, including Nigeria. Recently, in Nigeria, subsidy on petroleum was removed which has led to a great macro-based debates. However, a study on such effect on individual might better provide important information on the impact of the policy, especially the impact on wellbeing of the poor. Thus, this study assessed the impact of fuel subsidy removal on the socioeconomic characteristics of households in Maiduguri metropolis, Borno state, Nigeria. Survey data were collected and analysed using descriptive statistics and simple regression method. Result on socioeconomic characteristics revealed that about 70.4% of respondents in the study area were male, about 61.3% were married, 41.5% fall within the ages of 30-39 years. Besides, 50.7% had tertiary education, 52.1% were civil servants and about 34.5% have income level ranges between ₦40,000 - ₦59,999 monthly. It was also revealed that 56.3% of the respondents had 8 – 10 family members, while 57.7% of them have 1 – 5 dependents. On the other, the inferential statistic result revealed that the households’ characteristics variable were positively related to fuel subsidy removal, significant at 1%, except households’ age. For sustainability, attention should be focused on workers’ wages and salaries increase, family planning and transportation costs reduction as these may alleviate hardship of fuel subsidy removal on low-income earners in Nigeria.
VL  - 5
IS  - 1
ER  -

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Author Information

Abdulkadir Baba Mohammed

Department of Economics, Faculty of Social Sciences, University of Maiduguri, Maiduguri, Nigeria
Funmilola Fausat Ahmed

Department of Economics, Faculty of Social Sciences, University of Maiduguri, Maiduguri, Nigeria
Abdulkabir Niran Adedeji

Department of Economics, Faculty of Social Sciences, University of Maiduguri, Maiduguri, Nigeria

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Abdulkadir Baba Mohammed, Funmilola Fausat Ahmed, Abdulkabir Niran Adedeji. (2020). Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria. Journal of Business and Economic Development, 5(1), 10-20. https://doi.org/10.11648/j.jbed.20200501.12

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ACS Style

Abdulkadir Baba Mohammed; Funmilola Fausat Ahmed; Abdulkabir Niran Adedeji. Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria. J. Bus. Econ. Dev. 2020, 5(1), 10-20. doi: 10.11648/j.jbed.20200501.12

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AMA Style

Abdulkadir Baba Mohammed, Funmilola Fausat Ahmed, Abdulkabir Niran Adedeji. Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria. J Bus Econ Dev. 2020;5(1):10-20. doi: 10.11648/j.jbed.20200501.12

Copy | Download

@article{10.11648/j.jbed.20200501.12,
  author = {Abdulkadir Baba Mohammed and Funmilola Fausat Ahmed and Abdulkabir Niran Adedeji},
  title = {Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria},
  journal = {Journal of Business and Economic Development},
  volume = {5},
  number = {1},
  pages = {10-20},
  doi = {10.11648/j.jbed.20200501.12},
  url = {https://doi.org/10.11648/j.jbed.20200501.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20200501.12},
  abstract = {Subsidy has been one of the means of trickling economic effect down to reach majority adopted by many countries, including Nigeria. Recently, in Nigeria, subsidy on petroleum was removed which has led to a great macro-based debates. However, a study on such effect on individual might better provide important information on the impact of the policy, especially the impact on wellbeing of the poor. Thus, this study assessed the impact of fuel subsidy removal on the socioeconomic characteristics of households in Maiduguri metropolis, Borno state, Nigeria. Survey data were collected and analysed using descriptive statistics and simple regression method. Result on socioeconomic characteristics revealed that about 70.4% of respondents in the study area were male, about 61.3% were married, 41.5% fall within the ages of 30-39 years. Besides, 50.7% had tertiary education, 52.1% were civil servants and about 34.5% have income level ranges between ₦40,000 - ₦59,999 monthly. It was also revealed that 56.3% of the respondents had 8 – 10 family members, while 57.7% of them have 1 – 5 dependents. On the other, the inferential statistic result revealed that the households’ characteristics variable were positively related to fuel subsidy removal, significant at 1%, except households’ age. For sustainability, attention should be focused on workers’ wages and salaries increase, family planning and transportation costs reduction as these may alleviate hardship of fuel subsidy removal on low-income earners in Nigeria.},
 year = {2020}
}

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TY  - JOUR
T1  - Assessment of Impact of Fuel Subsidy Removal on Socio-economic Characteristics: A Survey of Households in Maiduguri, Borno State, Nigeria
AU  - Abdulkadir Baba Mohammed
AU  - Funmilola Fausat Ahmed
AU  - Abdulkabir Niran Adedeji
Y1  - 2020/02/11
PY  - 2020
N1  - https://doi.org/10.11648/j.jbed.20200501.12
DO  - 10.11648/j.jbed.20200501.12
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 10
EP  - 20
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20200501.12
AB  - Subsidy has been one of the means of trickling economic effect down to reach majority adopted by many countries, including Nigeria. Recently, in Nigeria, subsidy on petroleum was removed which has led to a great macro-based debates. However, a study on such effect on individual might better provide important information on the impact of the policy, especially the impact on wellbeing of the poor. Thus, this study assessed the impact of fuel subsidy removal on the socioeconomic characteristics of households in Maiduguri metropolis, Borno state, Nigeria. Survey data were collected and analysed using descriptive statistics and simple regression method. Result on socioeconomic characteristics revealed that about 70.4% of respondents in the study area were male, about 61.3% were married, 41.5% fall within the ages of 30-39 years. Besides, 50.7% had tertiary education, 52.1% were civil servants and about 34.5% have income level ranges between ₦40,000 - ₦59,999 monthly. It was also revealed that 56.3% of the respondents had 8 – 10 family members, while 57.7% of them have 1 – 5 dependents. On the other, the inferential statistic result revealed that the households’ characteristics variable were positively related to fuel subsidy removal, significant at 1%, except households’ age. For sustainability, attention should be focused on workers’ wages and salaries increase, family planning and transportation costs reduction as these may alleviate hardship of fuel subsidy removal on low-income earners in Nigeria.
VL  - 5
IS  - 1
ER  -

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