ISSN 2394-5125
 

Research Article 


REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY

Raziqa Muhammad Shafiu,Mohd Afandi Salleh.

Abstract
This study explores the removal of subsidies, their effect on inflation and the economy in Nigeria, and also traces the history of the removal of subsidies that began in the 1980s. This further assesses the relevant as well as its impact on inflation and the economy of Nigeria in the light of recent developments that have affected means of livelihood, while removing subsidies has direct effects on each person in different ways. Secondary data sources not like online documents, newspapers, journals, inter alia were used to collect data for the analysis and social conflict theory of Karl Marx was used as a core to justify this matter. The study assumed that the removal of fuel subsidies had adverse impacts on inflation and the economy in Nigeria. It was proposed that government should not remove subsidies on any commodities. Nonetheless, if only the removal of subsidies is to be completely implemented, attempts would be made to provide sufficient necessary facilities for the citizens to boost their living standard.

Key words: Subsidy Removal, inflation, Fuel, Subsidy, and Nigeria Economy


 
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How to Cite this Article
Pubmed Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh. REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY. JCR. 2020; 7(19): 8341-8348. doi:10.31838/jcr.07.19.941


Web Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh. REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY. http://www.jcreview.com/?mno=138099 [Access: August 18, 2021]. doi:10.31838/jcr.07.19.941


AMA (American Medical Association) Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh. REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY. JCR. 2020; 7(19): 8341-8348. doi:10.31838/jcr.07.19.941



Vancouver/ICMJE Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh. REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY. JCR. (2020), [cited August 18, 2021]; 7(19): 8341-8348. doi:10.31838/jcr.07.19.941



Harvard Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh (2020) REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY. JCR, 7 (19), 8341-8348. doi:10.31838/jcr.07.19.941



Turabian Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh. 2020. REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY. Journal of Critical Reviews, 7 (19), 8341-8348. doi:10.31838/jcr.07.19.941



Chicago Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh. "REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY." Journal of Critical Reviews 7 (2020), 8341-8348. doi:10.31838/jcr.07.19.941



MLA (The Modern Language Association) Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh. "REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY." Journal of Critical Reviews 7.19 (2020), 8341-8348. Print. doi:10.31838/jcr.07.19.941



APA (American Psychological Association) Style

Raziqa Muhammad Shafiu,Mohd Afandi Salleh (2020) REMOVAL OF SUBSIDY, ITS IMPACT ON INFLATION AND THE NIGERIAN ECONOMY. Journal of Critical Reviews, 7 (19), 8341-8348. doi:10.31838/jcr.07.19.941