A CRITICAL ANALYSIS OF THE IMPLICATION OF FUEL HIKE ON FOOD PRODUCTION AND SUPPLY IN NIGERIA
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- NGN 3000
Abstract
Everybody appreciates the fact that when motorists pay more for fuel, the transport fare increases. This has been the case even when the increase is only marginal.
The study specifically was aimed at ascertaining if fuel price hike affects food production and supply in Nigeria.
The study adopted the survey research design and randomly enrolled participants in the study. A total of 100 responses were validated from the enrolled participants where all respondent are residents in Lagos State.
The study concludes that the economical effects, without auguring for or against subsidy removal are negative. The Government of Nigeria would have to consider these effects now or deal with it In the near future.
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