Work

Assessing the Compensating and Equivalent Variations of Human Welfare Impact Resulting From Fuel Subsidy Removal in Southwest, Nigeria

Year: 2024

Type: article

Abstract: The study assessed the compensating and equivalent variations in human welfare resulting from the removal of fuel subsidies in southwest Nigeria. The analysis reveals significant welfare implications, with indirect effects having a greater impact on household welfare than direct price changes. Policymakers must carefully examine both direct and indirect impacts to develop effective mitigation strategies to cushion the effects of fuel subsidy removal.

Source: Energy RESEARCH LETTERS

DOI: 10.46557/001c.124851

Authors: Aduralere O. Oyelade, Olukayode E. Maku, Oluwaseyi A. Adelowokan

Institution: Olabisi Onabanjo University

Language: English

Topic: Energy, Environment, and Transportation Policies

Subfield: Renewable Energy, Sustainability and the Environment

Field: Energy

Domain: Physical Sciences

SDGs: Affordable and clean energy, Climate action, No poverty

Open Access status: diamond

OpenAlex ID: W4404810719