The Critical Analysis Of The Implication Of Fuel Hike On Food Production And Supply In Nigeria (PDF/DOC)
Everybody appreciates the fact that when motorists pay more for fuel, the transport fare increases. This has been the case even when the increase is only marginal.
The study specifically was aimed at ascertaining if fuel price hike affects food production and supply in Nigeria.
The study adopted the survey research design and randomly enrolled participants in the study. A total of 100 responses were validated from the enrolled participants where all respondent are residents in Lagos State.
The study concludes that the economical effects, without auguring for or against subsidy removal are negative. The Government of Nigeria would have to consider these effects now or deal with it In the near future.
The following are the primary objectives
- To investigate the causes in the hike of fuel prices in Nigeria
- To investigate if the causes in the hike of fuel prices affect agriculture and food production in Nigeria
- To investigate how much it has affected the economy of the nation
- What are the causes in the hike of fuel price in Nigeria ?
- Does these causes in the hike of fuel price affect agriculture and food production in Nigeria ?
- How much of an effect has it been to the economy of the nation ?
LITERATURE REVIEW
Concept of Price hike
According to a report published in New Age on Sunday, quoting statistics available with the Trading Corporation of Nigeria, the prices of coarse rice, electricity and fuel oil have all gone up by 60 per cent and more between 2009. Meanwhile, the Consumer Association of Nigeria reports that house rent in the capital spiked by a staggering 80 per cent in the past six years. The association also reports that the cost of living increased 6.82 per cent, from 2013 to 2014, on the back of rising house rent, utility bills and prices of some essential commodities. Among all those commodities the sharp volatility in food prices over the last couple of years has raised serious concerns about the Food and nutrition status of the poor in developing countries like Nigeria……[chapter 2 continues]
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Critical Analysis Of The Implication Of Fuel Hike On Food Production And Supply In Nigeria. (n.d.). UniProjects. https://uniprojects.net/project-materials/critical-analysis-of-the-implication-of-fuel-hike-on-food-production-and-supply-in-nigeria/
“Critical Analysis Of The Implication Of Fuel Hike On Food Production And Supply In Nigeria.” UniProjects, https://uniprojects.net/project-materials/critical-analysis-of-the-implication-of-fuel-hike-on-food-production-and-supply-in-nigeria/. Accessed 5 November 2024.
“Critical Analysis Of The Implication Of Fuel Hike On Food Production And Supply In Nigeria.” UniProjects, Accessed November 5, 2024. https://uniprojects.net/project-materials/critical-analysis-of-the-implication-of-fuel-hike-on-food-production-and-supply-in-nigeria/
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