THE IMPACT OF SUBSIDY REINVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) ON NIGERIA ECONOMY ( A CASE STUDY OF ENUGU-NORTH LOCAL GOVERNMENT AREA OF ENUGU STATE)

ABSTRACT

The research work titled “Impact of Fuel subsidy and reinvestment programme (SURE-P) on Nigeria Economy, a case of Enugu North Local Government Area of Enugu state is carried out with the aim of assessing the impact/effect of fuel subsidy discontinuation and the impact of sure-p of the government on the masses. The study area has a population of 259,431 from which a simple size of 400 was selected using Taro Tamane’s formula. The study employed primary and secondary source of data, while questionnaire and interview were the researcher instrument used in eliciting responses from the target population. The study employed three research questions and the data presented in the tables were analyzed with frequency and simple percentage % from the analysis of data, the findings were drawn and upon which these recommendations were put forward. Government should honour her words by fulfilling that laudable palliative measures, SURE-P. Promised to alleviate the pains or effect of subsidy discontinuation felt by the masses. Government at all levels should ensure that their share of SURE-P reinvestiable funds as allocated is truly channeled to the provision, rehabilitation and maintenance of infrastructure and facilities. Finally, government, corporate individuals and groups concerned should work towards reducing the problem of unemployment and boost youth and women empowerment. Such job creation and investment in vocation skill centre initiative will improve economic empowerment of the people.

TABLE OF CONTENTS

Title page i

Approval page ii

Dedication iii

Acknowledgment iv

Abstract v

Table of contents vi

CHAPTER ONE

INTRODUCTION

1.1 Background and Need for the Study 1

1.1 Statement of the Problem 8

1.2 Objectives / Purpose of The Study 10

1.4 Theoretical Framework 11

1.3 Research Questions 11

1.4 Significance Of The Study 12

1.5 Scope Of The Study 15

1.6 Limitation Of The Study 17

1.9 Definition of terms And Acronyms 19

References 19

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1 A Brief Historical Perspective on Oil In Nigeria 20

2.2 Trend In Crude Oil Production Exports

And Domestic Consumption 24

2.3 Nigeria’s Oil Export Value. 26

2.4 Oil And Nigeria Revenue 27

2.5 Petroleum Contribution to Nigeria’s GDP. 36

2.6 Oil Sector Imports 38

2.7 History Of Fuel Subsidy In Nigeria 41

2.8 Impacts Of Fuel Subsidy removal On

Nigeria Economy. 43

2.9.1 Rationale for Discontinuing Subsides 54

2.10 Summary of Related Literature 69

References 73

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

3.1 Research Method and Design 75

3.2 Sources of Data 75

3.2.1 Primary Source 75

3.3.2 Secondary Source 76

3.3 Location of Study 76

3.4 Population of The Study 77

3.5 Sample Size and Sampling Technique 78

3.6 Instrumentation 80

3.7 Validity Of The Research Instrument 81

3.9 Data Collection Instruments 82

3.10 Reliability Of The Research Instrument 83

3.11 Instrument Return Rate 84

References 85

CHAPTER FOUR

PRESENTATION ANALYSIS AND INTERPRETATION OF

DATA

4.1 Introduction 86

4.2 Analysis Of Research Questions 87

CHAPTER FIVE

SUMMARY OF FINDINGS, RECOMMENDATIONS

AND CONCLUSION

5.1 Findings 97

5.2 Recommendations 98

5.3 Conclusion 100

Biography 102

Appendixes 104

Questionnaire 105

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APA

ShC49Ph5c0009dd836123.71809855, B. (2018). THE IMPACT OF SUBSIDY REINVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) ON NIGERIA ECONOMY ( A CASE STUDY OF ENUGU-NORTH LOCAL GOVERNMENT AREA OF ENUGU STATE). Afribary. Retrieved from https://beta.afribary.com/works/the-impact-of-subsidy-reinvestment-and-empowerment-programme-sure-p-on-nigeria-economy-a-case-study-of-enugu-north-local-government-area-of-enugu-state-1647

MLA 8th

ShC49Ph5c0009dd836123.71809855, BPZusgD5c0009dd813ad5.89971962 "THE IMPACT OF SUBSIDY REINVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) ON NIGERIA ECONOMY ( A CASE STUDY OF ENUGU-NORTH LOCAL GOVERNMENT AREA OF ENUGU STATE)" Afribary. Afribary, 29 Jan. 2018, https://beta.afribary.com/works/the-impact-of-subsidy-reinvestment-and-empowerment-programme-sure-p-on-nigeria-economy-a-case-study-of-enugu-north-local-government-area-of-enugu-state-1647. Accessed 26 Apr. 2025.

MLA7

ShC49Ph5c0009dd836123.71809855, BPZusgD5c0009dd813ad5.89971962 . "THE IMPACT OF SUBSIDY REINVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) ON NIGERIA ECONOMY ( A CASE STUDY OF ENUGU-NORTH LOCAL GOVERNMENT AREA OF ENUGU STATE)". Afribary, Afribary, 29 Jan. 2018. Web. 26 Apr. 2025. < https://beta.afribary.com/works/the-impact-of-subsidy-reinvestment-and-empowerment-programme-sure-p-on-nigeria-economy-a-case-study-of-enugu-north-local-government-area-of-enugu-state-1647 >.

Chicago

ShC49Ph5c0009dd836123.71809855, BPZusgD5c0009dd813ad5.89971962 . "THE IMPACT OF SUBSIDY REINVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) ON NIGERIA ECONOMY ( A CASE STUDY OF ENUGU-NORTH LOCAL GOVERNMENT AREA OF ENUGU STATE)" Afribary (2018). Accessed April 26, 2025. https://beta.afribary.com/works/the-impact-of-subsidy-reinvestment-and-empowerment-programme-sure-p-on-nigeria-economy-a-case-study-of-enugu-north-local-government-area-of-enugu-state-1647

THE IMPACT OF SUBSIDY REINVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) ON NIGERIA ECONOMY ( A CASE STUDY OF ENUGU-NORTH LOCAL GOVERNMENT AREA OF ENUGU STATE)

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