THE HUMAN SECURITY IMPLICATIONS OF SUBSIDY REMOVAL IN NIGERIA
Aje Tolu Elizabeth PhD, Awe Ene Norah and Azabagun Haruna Able
Volume 4 Issue 1
Abstract
This study examines the impact of fuel subsidy removal on the standard of living in Nigeria, utilizing secondary data analysis and insights from various scholarly articles. Against the backdrop of Nigeria's socio-economic context, characterized by persistent poverty, income inequality, and dependence on fossil fuels, the study addresses the gap in the literature regarding the nuanced effects of subsidy reform on household welfare, economic stability, and environmental sustainability. The research objectives are to assess the socio-economic consequences of subsidy removal, investigate the differential impacts on vulnerable populations, and provide policy recommendations for mitigating adverse effects and promoting inclusive development. Employing a quantitative approach and drawing on secondary data sources, the study analyzes trends in household expenditure patterns, macroeconomic indicators, and environmental outcomes following subsidy removal. The findings reveal significant financial burdens on households, inflationary pressures, and environmental degradation associated with subsidy reform. Based on these findings, the study recommends the implementation of targeted social protection measures, the promotion of renewable energy technologies, and the adoption of a balanced approach to subsidy reform that considers equity, sustainability, and stakeholder engagement. Overall, the study contributes to the existing literature on subsidy reform and informs evidence-based policy-making efforts aimed at fostering inclusive and sustainable development in Nigeria. Keywords: Fuel Subsidy Removal, Standard Of Living, Socio-Economic Impact, Vulnerable Populations, Renewable Energ
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