Global Advanced Research Journal of Agricultural Science (GARJAS) ISSN: 2315-5094
December 2014 Special Anniversary Review 2014 Vol. 3(12): pp. 400-408
Copyright © 2014 Global Advanced Research Journals

 

Review

The Effects of Subsidy Removal on Food Items in Nigeria: The Battle Ahead

R.O. Oji  and Eme, Okechukwu Innocent

 

1National Boundary Commission Abuja.

2Department of Public Administration and Local Government Studies, University of Nigeria, Nsukka

*Corresponding Author’s Email:okechukwunncnt@gmail.com

Tel:+234(0)8056753011; 08022829785.

Accepted 24 November, 2014

 

Abstract

Governments faced with growing budget deficits are cutting much social expenditure, including costly food subsidy programs that have provided benefits to the rich and poor alike. Because the poor spend a larger share of their income on food than do the rich, however, such cuts usually have negative distributional, welfare and nutritional effects. One of the most contentious issues in the country since the beginning of this year is that of whether or not the government actually pays subsidy on petroleum products enjoyed by Nigerians. The government claimed that the burden of subsidy that amounted to N1.3billion last year was too much for it to bear. As a result of this, the government on January 1, 2012 increased the pump price from N65 to N140. Nigerians protested in a manner that was never witnessed. At the end of the day President Jonathan was forced to reduce the price to N97 per litre of petrol. Since then, there have been allegations and counter allegations regarding the veracity of government’s claims on subsidy. The truth of the matter is that Nigerians deserve to know why they are being forced to pay for the ineptitude of government in the name of subsidy. As a result of the removal of the subsidy, there has been major increase in the process of food items across the Nigerian cities in the two months. The paper examines the effects of the subsidy removal on the prices of food stuffs in Nigeria since 2012. The paper concludes by positing that Nigerians are daily grapping with increases in prices of food and other essential items without commensuration from government.

Keywords: Subsidy, Food stuff, Exploitation, Political crisis, De-regulation and Petroleum Products.

 

Related Articles


Original Research Article
Umar Musa Mustapha
Review of Global Energy Market Regulations
Glo. Adv. Res. J. Agric. Sci. June 2015 Vol: 4(6): - [Abstract] [Full Text - PDF] (134 KB)
Review
Akinola Adeoye O
Foreign Aids in Africa: From Realities to Contradictions
Glo. Adv. Res. J. Agric. Sci. June 2012 Vol: 1(1): - [Abstract] [Full Text - PDF] (169 KB)
Original Research Article
Rubaya Sultan, Manzoor Ahmad Wani and Irshad A Nawchoo
Unabated loss of medicinal plant diversity in Himalaya: a serious socio-economic concern and urgency to salvage whatever is left
Glo. Adv. Res. J. Agric. Sci. July 2013 Vol: 2(1): - [Abstract] [Full Text - PDF] (820 KB)
Systematic Review
Fernando Romero Torres, Augusto Renato Pérez Mayo and Humberto García Jiménez
Subsidies to the agricultural sector for the search for food sovereignty. A funding option for a strategic sector of the national economy. Case: Mexico
Glo. Adv. Res. J. Agric. Sci. May 2018 Vol: 7(5): - [Abstract] [Full Text - PDF] (243 KB)
Original Research Articles
Rumyantsev SN
Invasion and parasite subsistence of human cancer
Glo. Adv. Res. J. Agric. Sci. November 2018 Vol: 7(9): - [Abstract] [Full Text - PDF] (389 KB)
Asad Sarwar Qureshi
Improving food security and livelihood resilience through groundwater management in Pakistan
Glo. Adv. Res. J. Agric. Sci. October 2015 Vol: 4(10): - [Abstract] [Full Text - PDF] (455 KB)

Current Issue

Viewing Options

View Full Article - PDF
Download Full Article - PDF

Search for Articles

RO Oji on Google Scholar
RO Oji on Pubmed
Eme on Google Scholar
Eme on Pubmed
Okechukwu Innocent on Google Scholar
Okechukwu Innocent on Pubmed

Statistics

Viewed 2005
Printed 384
Downloaded 2738
Powered By iPortal Works