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ABSTRACT
This study was carried out to evaluate the effect of 2023 fuel subsidy removal on transportation in Nigeria. Specifically, the study aimed to examine whether fuel subsidy vii removal affects the average cost of transportation, find out whether removal of fuel subsidy will reduce the usage of public transportation by citizens, ascertain whether rise in transport costs as a result of subsidy removal create direct constraints for households and ascertain whether rise in transport costs as a result of subsidy removal has caused citizen to become more efficient and strategic with their movements, curtail unnecessary travel or combine similar ones. The study employed the survey descriptive research design. A total of 400 responses were validated from the survey. From the responses obtained and analyzed, the findings revealed that there is a significant effect of 2023 fuel subsidy removal on transportation in Nigeria. The study thereby recommend that government should create an enabling environment to stimulate private investment for the purpose of improving the local refining capacity with a view to meeting the ever increasing local demand of petroleum products as well as for exports. Related to the above is the need to use the oil windfall proceeds and the savings realized by the federal government from the withdrawal of subsidy to be channeled towards rehabilitation of the existing refineries, building additional ones and upgrading and developing of infrastructure within the polity, in areas such as waterways, rail and mass transit system, thus providing cheaper alternative transportation methods.
