FUEL SUBSIDY REMOVAL AND NATIONAL DEVELOPMENT IN NIGERIA: A STUDY OF LAFIA LOCAL GOVERNMENT AREA, NASARAWA STATE
Abstract
ABSTRACT
This study is designed to assess the Impact of Fuel Subsidy Removal and National Development in Nigeria with reference to Lafia Local Government Area. The research commenced with the introduction of the concepts “Fuel Subsidy Removal and National Development”. The main objectives of the study is to assess the effects of fuel subsidy removal and service delivery in Lafia Local Government Area and to examine the impact of fuel subsidy removal on the cost of transportation fair in Lafia Local Government Area. Data were generated through the use of primary and secondary sources where questionnaires. Also the use of text books, journal papers, news papers, magazines and internet materials was utilized. The population of the study is 356,468 while the sample size is 400 duly drawn from the total population using Taro Yamane formular. The research reveals that, fuel subsidy removal has affected the service delivery in Lafia Local Government Area as a result of the increase in the transportation fairs. Also, it has affected service delivery in terms of socio-economic development in Lafia Local Government Area. Finally, the study recommends that, government should provide a means of palliative among the citizens so as to cushion the effects of the fuel subsidy removal. Also, government and private organization should provide the means of transportation at a subsidized rate to reduce the high cost on the public transportation system in Lafia Local Government Area.
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