FUEL SUBSIDY REMOVAL AND THE LIVES OF RURAL DWELLERS IN NIGERIA

Abdullateef Raji, Abubakar Yinusa Mohammed, Lanre Abdul-Rasheed Sulaiman, Ibrahim Olawale Adeshina, Solihu Zakariyahu Abdulbaqi, A. Oluyemi Joseph

Abstract


The oil industry in Nigeria is very important to the nation as it contributes significantly to the country’s economic fortunes. Fuel as known is used by virtually every human for one purpose or another. Fuel subsidy removal therefore has direct effects on every individual in various ways. However, the interest of this study is to examine the extent to which fuel subsidy removal affects the lives of rural dwellers in Nigeria. Secondary sources of data such as newspapers, journals, online materials among others were adopted to gather information for the research and Karl Marx’s social conflict theory was employed as basis to justify this concern. The study then concluded that fuel subsidy removal has negative effects on the lives of rural dwellers. It was recommended that the government should not remove subsidy on petroleum products. However, if fuel subsidy removal would be totally sustained, efforts should be made to provide adequate infrastructural facilities to improve the standard of living of these ruralites.


Keywords


Fuel, Subsidy, Rural areas, Rural Development and Subsidy Removal

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