Year: 2024
Type: article
Study design: Observational Study
Abstract: The study examined effect of fuel subsidy removal on socio-economic activities in Zamfara State. The study aimed to assess the relationship between fuel subsidy removal on savings and investment,unemployment and living standardin Zamfara state. Quantitative survey design was adopted for the study.Structured questionnaires were administered on the samples drawn from the entire population of the study. Data was analyzed using bootstrapping and algorism for determining both validity and reliability between the constructs, and Multiple Regression model was used to test the hypotheses. The findings revealed that there is a significant positive relationship between fuel subsidy removal and savings and investment, unemployment and living standard in Zamfara state. The research concluded that the fuel subsidy removal has substantial negative implications on socioeconomics activities and development in Zamfara state. The study therefore recommended that government should introduce policies to mitigate the impact fuel subsidy removal on savings and investment, unemployment and living standard of the citizens.
Language: English
Field: Energy
Domain: Physical Sciences
Open Access status: bronze
OpenAlex ID: W4404870764