ABSTRACT
This research work intends to find out the fuel subsidy regime and the effect on the Nigeria business unit. The research instrument used was questionnaire with a reliability of 0.76% such high reliability was considered suitable for the study. It is also consistent of two sections to collect demographic data and opinions or responses of respondents. The questions in the research instrument were formulated in accordance to the research questions and were given to 100 respondents of all walks of life in Uvwie Local Government Area of Delta State. Some of the findings are: Fuel subsidy removal might be detrimental to the Nigerian people since it is an essential commodity and one of the determinants of the price system. Fuel subsidy affects the business in Nigeria positively be its removal might be detrimental to the Nigeria business units. Also the following recommendations among others were made: Government should set up adequate palliative, measure so as to cushion the effect of fuel subsidy removal. Also that the subsidy
of fuel which is the mainstay of Nigeria economy should not be removal at once but in parts
REFERENCES
A Newbook lays out the Scale of China’s Industrial Subsidies”. The Economist. April 27, 2013. Retrieved May 12, 2013.
Amegashie, J.A (2006). The Economics of Subsidies. Crossroads, 6 (2), 7-15
Burniaux, J.M., Chanteau, J., Delink, R, Duval, R. and Jamet, S. (2009). “The Economics of Climate Change Mitigation: How to Build the Necessary Global Action in a Cost-Effective Manner.” Economic Department Working Papers No. 701
Coady, D., EL-Said, M., Gillingham, R., Kpodar, K., Medas, P. and Newhouse, D. (2006). “The Magnitude and Distribution of Fuel Subsidies: Evidence from Bolivia, Ghana, Jordan, Mali and Sri Lanka.” IMF Working Paper
Cohen, Rick. “NPQ Newswire: Fill Out Your “March Madness” Brackets for a Charitable Windfall? Oxfam Report Banks Companies on Corporate Social Responsibility Delaney calls for Nonprofit Sector Unity in Face of Budget Cuts san Diego Coalition aims to stem Gang Violence Despites Police cuts Lawsuit Alleges financial Improprieties at Cy Twombly foundation Vangue senate budget proposal punts on critical charitable giving details and that pink Smoke at the Vatican means…why does NYU President face “No Confidence” Vote? Why Nonprofits should care about “Paycheck protection” Bills A big No to “No solicitation” in Colorado Springs Articles playing by the NFL’s tax exempt rules”. Retrieved 15 April 2013
European Environment Agency (EEA). (2004). Energy Subsidies in the European Union: A Brief Overview. Copenhagen: EEA
Haley, U.C.V. and Haley, G.T. (2013) Subsidies of Chinese Industry: State Capitalism, Business Strategy and Trade Policy, Oxford University Press, USA
International Energy Agency (IEA). (1999). World Energy Outlook 1999: Looking at Energy subsidies-Getting the Prices Right. International Energy Agency: Paris.
International Energy Agency (IEA). (2007). World Energy Outlook 2006. International Energy Agency: Paris.
Jensen, J. and Tarr, D. 2002. “Trade, Foreign Exchange, and Energy Policies in the Islamic Republic of Iran: Reform agenda, Economic Implications, and Impact on the Poor”. Research Working Papers, 1-37.
Kolb, R.W. (Ed.). (2007). Subsidies. Encyclopedia of Business Ethics and Society.
Koplow, D. and Dernbach, J. (2001). “Federal Fossil-Fuel Subsidies and Greenhouse Gas Emissions: A Case Study of Increasing Transparency for Fiscal Policy”. Annual Review of Energy and Environment
Kuriloff, Aaron and Darrel Preston. “In Stadium Building Spree, U.S. Taxpayer Lose $4billion”. Retrieved 15 April 2013.
Morgan, T. (2007). Energy Subsidies: Their Magnitude, How They Affect Energy Investment and Greenhouse Gas Emissions, and Prospect for Reform. Menecon Consulting.
Organization for Economic Co-Operation and Development (OECD). (2005). Environmentally Harmful Subsidies: Challenges for Reform. OECD: Paris.
Organization for Economic Co-Operation and Development. (2006). Subsidy Reform and Sustainable Development.
Oxfan International. Oxford UK (2004). “A Sweeter Future? The Potential for EU Sugar Reform to Contribute to Poverty Reduction in Southern Africa.” Oxfam Briefing Paper No. 70. November 2004.
Parkin M., (2005). Economics (Vol. 7). Prentice Hall.
Pearce, D. and Von Fincklestein, F. (2000). “Advancing Subsidy Reform: Towards a Viable Policy Package.” Finance for Sustainable Development: Testing New Policy Approaches.
This research work intends to find out the fuel subsidy regime and the effect on the Nigeria business unit. The research instrument used was questionnaire with a reliability of 0.76% such high reliability was considered suitable for the study. It is also consistent of two sections to collect demographic data and opinions or responses of respondents. The questions in the research instrument were formulated in accordance to the research questions and were given to 100 respondents of all walks of life in Uvwie Local Government Area of Delta State. Some of the findings are: Fuel subsidy removal might be detrimental to the Nigerian people since it is an essential commodity and one of the determinants of the price system. Fuel subsidy affects the business in Nigeria positively be its removal might be detrimental to the Nigeria business units. Also the following recommendations among others were made: Government should set up adequate palliative, measure so as to cushion the effect of fuel subsidy removal. Also that the subsidy
of fuel which is the mainstay of Nigeria economy should not be removal at once but in parts
REFERENCES
A Newbook lays out the Scale of China’s Industrial Subsidies”. The Economist. April 27, 2013. Retrieved May 12, 2013.
Amegashie, J.A (2006). The Economics of Subsidies. Crossroads, 6 (2), 7-15
Burniaux, J.M., Chanteau, J., Delink, R, Duval, R. and Jamet, S. (2009). “The Economics of Climate Change Mitigation: How to Build the Necessary Global Action in a Cost-Effective Manner.” Economic Department Working Papers No. 701
Coady, D., EL-Said, M., Gillingham, R., Kpodar, K., Medas, P. and Newhouse, D. (2006). “The Magnitude and Distribution of Fuel Subsidies: Evidence from Bolivia, Ghana, Jordan, Mali and Sri Lanka.” IMF Working Paper
Cohen, Rick. “NPQ Newswire: Fill Out Your “March Madness” Brackets for a Charitable Windfall? Oxfam Report Banks Companies on Corporate Social Responsibility Delaney calls for Nonprofit Sector Unity in Face of Budget Cuts san Diego Coalition aims to stem Gang Violence Despites Police cuts Lawsuit Alleges financial Improprieties at Cy Twombly foundation Vangue senate budget proposal punts on critical charitable giving details and that pink Smoke at the Vatican means…why does NYU President face “No Confidence” Vote? Why Nonprofits should care about “Paycheck protection” Bills A big No to “No solicitation” in Colorado Springs Articles playing by the NFL’s tax exempt rules”. Retrieved 15 April 2013
European Environment Agency (EEA). (2004). Energy Subsidies in the European Union: A Brief Overview. Copenhagen: EEA
Haley, U.C.V. and Haley, G.T. (2013) Subsidies of Chinese Industry: State Capitalism, Business Strategy and Trade Policy, Oxford University Press, USA
International Energy Agency (IEA). (1999). World Energy Outlook 1999: Looking at Energy subsidies-Getting the Prices Right. International Energy Agency: Paris.
International Energy Agency (IEA). (2007). World Energy Outlook 2006. International Energy Agency: Paris.
Jensen, J. and Tarr, D. 2002. “Trade, Foreign Exchange, and Energy Policies in the Islamic Republic of Iran: Reform agenda, Economic Implications, and Impact on the Poor”. Research Working Papers, 1-37.
Kolb, R.W. (Ed.). (2007). Subsidies. Encyclopedia of Business Ethics and Society.
Koplow, D. and Dernbach, J. (2001). “Federal Fossil-Fuel Subsidies and Greenhouse Gas Emissions: A Case Study of Increasing Transparency for Fiscal Policy”. Annual Review of Energy and Environment
Kuriloff, Aaron and Darrel Preston. “In Stadium Building Spree, U.S. Taxpayer Lose $4billion”. Retrieved 15 April 2013.
Morgan, T. (2007). Energy Subsidies: Their Magnitude, How They Affect Energy Investment and Greenhouse Gas Emissions, and Prospect for Reform. Menecon Consulting.
Organization for Economic Co-Operation and Development (OECD). (2005). Environmentally Harmful Subsidies: Challenges for Reform. OECD: Paris.
Organization for Economic Co-Operation and Development. (2006). Subsidy Reform and Sustainable Development.
Oxfan International. Oxford UK (2004). “A Sweeter Future? The Potential for EU Sugar Reform to Contribute to Poverty Reduction in Southern Africa.” Oxfam Briefing Paper No. 70. November 2004.
Parkin M., (2005). Economics (Vol. 7). Prentice Hall.
Pearce, D. and Von Fincklestein, F. (2000). “Advancing Subsidy Reform: Towards a Viable Policy Package.” Finance for Sustainable Development: Testing New Policy Approaches.
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