Fuel Price Hike and the Human Conditions in Nigeria: An Eclectic Appraisal
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Date
2005
Authors
Dauda, R.O.S
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Sociology, University of Lagos, Akoka.
Abstract
This chapter explores some issues pertinent to the relationship between incessant increase in the domestic prices of petroleum products, especially fuel, and the human conditions ill Nigeria. It argues that the nation's favourable resource endowments have not led to rapid improvement in human development indicators. Besides, irrational and ineffective use of additional oil revenue accruing from domestic fuel price hike and the export of petroleum products have induced distortions in the economy which have worsened the inflationary situation, created macroeconomic instability and aggravated sufferings of the people. The paper concludes with some policy prescriptions 011 how to tackle the problem of fuel scarcity and create all enabling environment for rapid improvement ill human development indicators.
Description
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Keywords
Human Conditions , Fuel Price Hike
Citation
Dauda, R.O.S (2005) Fuel Price Hike and the Human Conditions in Nigeria: An Eclectic Appraisal