AUDIENCE PERCEPTION OF FEDERAL GOVERNMENT REMOVAL OF FUEL SUBSIDY

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CHAPTER ONE: INTRODUCTION
1.1	Background of the Study	1
1.2	Statement of the Problem	3
1.3	Objectives of the Study	4
1.4	Research Questions	4
1.5Scope of the Study		4
1.6	Significance of the Study	4
1.7	Operational Definition of Trems
CHAPTER TWO:   LITERATURE REVIEW
2.1	Introduction	6
2.2	Review of concepts	6
2.2.1   Concept of Perception		6
2.2.2   Concept of Fuel Subsidy Removal		8
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2.2.3	Concept of Deregulation	11
2.3	The evolution of fuel subsidy in Nigeria.	12

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2.4	The History of fuel subsidy removal in Nigeria	13
2.5	Reasons/Causes of fuel subsidy removal	15
2.6	The effects/impacts of subsidy removal on Nigerian economy	17
2.7	Theoretical framework	23
2.8	Summary of literature Review	24
CHAPTER THREE: RESEARCH METHODOLOGY
3.1	Introduction	25
3.2	Research Design	25
3.3	Population of the Study	25
3.4	Sample Size and Sampling Technique	26
3.5	Description of the Research Instrument	26
3.6	Validity of Data Gathering Instrument	37
3.7	Method of Data Collection	27
3.8	Method of Data Analysis	27
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1	Introduction	28
4.2	Data Presentation and Analysis	28
4.3	Test of Hypothesis	43
4.4	Discussion of Findings	44
CHAPTER FIVE: SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
5.1	Introduction	52
5.2	Summary	52
	3

5.3	Conclusion	53
5.4	Recommendations	53
	References	56
	Appendix A	57
	Appendix B	58

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	List of Tables
Table 1:	Gender distributions of respondents	29
Table 2:	Age distributions of respondents	29
Table 3:	Occupational distributions of respondents	29
Table 4:	Marital status distributions of respondents	30
Table 5:	Audience perception on fuel subsidy removal	31
Table 6:	Fuel subsidy removal reflects the nature of corruption	31
Table 7:	Fuel subsidy removal will curb fraudulent acts	32
Table 8:	Fuel subsidy removal is the elite means to enrich themselves	33
Table 9:	Fuel subsidy removal leads to increase in fuel pump price	33
Table 10:	Fuel subsidy removal is a way on been insensitive to plight of the masses	34
Table 11:	Causes of fuel subsidy removal	35
Table 12:	Fuel subsidy removal is due to corruption in the oil sector	36
Table 13	Fuel subsidy removal was as result of few corrupt individuals	36
Table 14:	Fuel subsidy removal was to create jobs for the citizenry	37
Table 15:	Fuel subsidy removal was because poverty eradication and alleviation	38
Table 16:	Fuel subsidy removal was to provide steady power supply	39
Table 17:	Effects of fuel subsidy removal	39
Table 18:	Fuel subsidy removal leads to increase in standard of living	40
Table 19:	Fuel subsidy removal will improve the economy	41
Table 20:	Fuel subsidy removal will increase the prices of transportation, food	41
	Commodities thus compound poverty
Table 21:	Fuel subsidy removal will lead to infrastructural development	42
	5

Table 22:	Fuel subsidy removal will lead to increase in operating cost of micro and	43
	Small enterprises
Table 23:	Test of Hypothesis	43

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Abstract

The aim of this study was to investigate Audience perception of federal government removal of fuel subsidy in Warri metropolis. Three main research questions were formulated for the purpose of this study and other sub questions aimed at prying into audience perception, causes and effects of fuel subsidy removal in Nigeria. Survey research method was used because of its convenience, reliability and cheapness. The study population was Warri Metropolis. A total of 200 respondents were selected, using the purposive random sampling. The number of retrieved questionnaire was 195, representing 97.5% response rate. Statistical analyses of data collected were performed using, frequency distribution, percentages, tables while Chi-square formula was used to test the formulated hypothesis. Results revealed that audience perceived the removal of oil subsidy as an act of selfishness, wickedness and the federal government means of promoting their selfish interest, thereby making the masses to suffer. Corruption in the oil sector and gross mismanagement and also due to few corrupt individuals that are united to promote their private interest among other factors have been found to be the reasons and causes for the removal of fuel subsidy. These in turn have led to increase in prices of fuel pump oil products; increase in prices of food commodities, transportation and increase in operating costs of micro and small enterprises. The researcher recommends that there was a significant relationship between fuel subsidy removal and cost standard of living of the general populace. She suggested that the federal government should look into other sectors of the economy such as agriculture, tourism etc. in other to boost the economy.

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CHAPTER ONE

INTRODUCTION

• Background of the Study

For some number of years, Nigeria enjoyed subsidy on petroleum products. This came to an end on January 1st, 2012, after a declaration from President Goodluck Jonathan that afterwards, the subsidy was to be removed (Zaccheus, 2011). In Nigeria, the issue of appropriate pricing of petroleum product has always been a controversial policy issue. Successive governments have dealt with this problem to no avail. Suffix to say that in Nigeria, subsidy removal implemented by governments had always yielded negative effects on the citizens. According to Centre for Public Policy Alternatives (2012), a subsidy by definition is any measure that keeps the prices

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consumers pay for a good or product below market levels for consumers or for producers above market. The essence of having subsidy in place for products and services is that it has direct positive impact on poverty reduction in the lives of the poor masses who could not afford high prices (Nwaoga and Casimir, 2013).

Subsidies were introduced in the Nigerian en creeping phenomenon, the value of the subsidies has gone from 1 billion in the 1980s to an expected 6 billion Dollars in 2011. In this period the specific products targeted for subsidy have changed. Diesel oil has had its associated subsidy redacted while petrol, gasoline; kerosene continues to enjoy a 54.4 % subsidy over the international spot market price at the Nigerian pump. Economists believed that social welfare is maximized when the price of each good and service is freely determined by the interaction of buyers and sellers in open competitive markets. In practice and especially in developing countries however, policy is often driven more by political consideration than rational economic theory. The risk of social unrest, street riots, and threats of civil war very easily make introduction of market distorting policies justified. Nigeria as a case in point is under increased pressures to grow its economy. Yet countervailing forces of corruption, mismanagement of public resources and poor governance conspire to frustrate efforts to sustain growth in the face of rising population numbers and demands for a democratic dividend by the citizenry (Centre for Public Policy Alternatives, 2012).

According to Centre for Public Policy Alternatives, the justifications for introduction or removal of subsidies vary markedly. In developed economies Environmental issues, international trade and maintaining competitiveness are the main drivers of policy. Whereas welfare, poverty alleviation and election cycle politics largely underpin the reasons for which subsidies are introduced in developing countries. A new factor in the current mix of policy drivers is the

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renewed emphasis on governance reform championed by the Bretton woods institutions-The World Bank, IMF and the donor community. Lending urgency to this scenario is the global economic downturn and consequent rationalization by lenders, aid granting countries. As domestic demand for funds increase in these countries amounts available for aid, FDI and subsidies diminish. The consequence is a demand for greater efficacy in the economies of the aid receiving countries of which Nigeria is one.

Furthermore, the issue of fuel subsidy removal has torn this nation into two factions, the government and the economic experts on one hand and the masses on the other hand. The last fuel subsidy removal on 1st January, 2012 sparked an uprising that almost led to a revolution; this attracted a lot of public debate, opinions and reactions leading to NLC strike and demonstrations in various states. Therefore, the major focus of this study is to investigate audience perception of federal government removal of fuel subsidy in Nigeria on January 2012.

• Statement of the Research Problem.

Fuel is central to the economic pursuits of Nigerians, whose sustenance daily bread is tied to this bye product of Nigeria‟s rich crude.ThePetroleumoilProductdepositsPricingRegulatory Agency (PPPRA) regulates the downstream Oil and Gas industry on behalf of the Federal Government and by the removal of subsidy on Premium Motor Spirit (Petrol), the downstream sub-sector of the Petroleum industry is deregulated for Petrol. Deregulation leaves market forces as the sole determinant of product prices. While over the years, many Nigerians have opposed the implementation of the policy in the Oil and Gas Industry, international finance and donor agencies like the World Bank and IMF have been very harsh in their criticisms of the successive governments that have sustained the policy for a single inher