Scholars and international organizations have long advocated for the elimination of gasoline subsidies due to the market distortions that result. In 2012, the Goodluck Ebele Jonathan administration began a partial deregulation of the Nigerian downstream oil sector, or the partial removal of fuel subsidies in Nigeria, but it was unsuccessful due to a few strong political tycoons in the country who insisted that the removal of subsidies would cause a lot of difficulties for Nigerian citizens even for students studying Education Undergraduate Research .
Recently, the newly inaugurated presidents, led by Chief Bola Ahmed Tinubu, pledged full liberalization of the downstream oil sector or the abolition of all gasoline subsidies in the country. Within 30 minutes of the president's address, not only do fuel prices rise automatically, but so do the costs of transportation, food, and manufacturing. This has generated consternation among Nigerians because everyone has been affected, either directly or indirectly. This article is specific to examining how the removal of fuel subsidies will affect academic research in Nigeria.
What is Subsidy?
A subsidy is any government program that lowers the price of a good or service that is consumed by citizens compared to what the price would have been without the existence of the policy. According to Project Clue a subsidy is a decrease in the market price of products and services by the government so that people with limited purchasing power can obtain such goods and services. It occurs when the government assists customers in paying a price that is lower than the market price for consumer products.
Effect of Subsidy Removal on Academic Research
Since the removal of subsidies has led to a hike in the price of fuel, which automatically leads to inflation in the country, it is evident that this hike in the price of fuel will affect the productivity of academic researchers around the country, and the following is how it will:
Delay in Publications
In Nigeria, an academic researcher, be it a lecturer or a student, always has power issues and solely depends on the use of a generator for a smooth and constant power supply since electricity is not to be depended on. With the removal of subsidies, the cost of engaging in and writing research will be on the high side as the cost of patrol increases, which may lead to a delay in the publication of academic research.
Lost interest in Research
Due to the removal of subsidies, which leads to a high price of fuel in Nigeria, some academics may lose interest in research due to the fact that they do not have enough funds to take care of their daily needs, let alone enough funds to buy fuel to write research in this time of urgent inflation.
Other effects of subsidy removal on academic research include disruptions of seminars, presentations, and conferences due to the high cost of transportation and other extra costs of making such effects visible. Further, some academic researchers who do not get support from cooperating organizations may even stop researching since they do not have enough funds to fuel their continuous research.
In summary, despite the positive effect that the removal of subsidies can have on the economic growth of Nigeria, it is evident that while the process is in place, researchers and academia may face a series of challenges in their line of work; hence, support should be provided for researchers, especially in this period, to aid their professions.
EDITOR'S SOURCE : Fuel Subsidy Removal In Nigeria
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