Growth and Welfare Implications of Full Market Pricing of Premium Motor Spirit in Nigeria: Policy Analysis in a Structuralist CGE Model

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dc.contributor.authorOdior, E.S.O.
dc.date.accessioned2020-03-28T16:17:20Z
dc.date.available2020-03-28T16:17:20Z
dc.date.issued2017
dc.description.abstractThis study provides an insight into sustainability issues arising from a full market pricing of premium motor spirit (PMS) (a 100% fuel subsidy removal) in Nigeria and its implications on macroeconomic growth and public welfare. Methodologically, the study used a Structuralist Computable General-Equilibrium model to run simulations that indicate the nature of the effects of PMS full market pricing over the period 2015 – 2020. The findings show that 100% increases in PMS will amplify both the income and consumption losses of households, worsen inflation and better-off government account balance. The findings also show that, government income witnessed positive growth, while output, investment and current account had both positive and negative effects. This study provides a basis for recommendations on the adjustment path that the country need to take in order to mitigate the adverse impact of 100% fuel subsidy removal and draws some useful policy options for a sustainable developmental reform in Nigeria.en_US
dc.identifier.citationOdior, E. S. O (2017), Growth and Welfare Implications of Full Market Pricing of Premium Motor Spirit in Nigeria: Policy Analysis in a Structuralist CGE Model: Journal of Sustainable Development in Africa, Volume 19, No.3, Clarion University of Pennsylvania, Clarion, Pennsylvania. Pp, 1-29en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/8158
dc.language.isoenen_US
dc.publisherJournal of Sustainable Development in Africaen_US
dc.relation.ispartofseries19;3
dc.subjectGrowthen_US
dc.subjectWelfareen_US
dc.subjectFuel Subsidyen_US
dc.subjectComputable General-Equilibriumen_US
dc.titleGrowth and Welfare Implications of Full Market Pricing of Premium Motor Spirit in Nigeria: Policy Analysis in a Structuralist CGE Modelen_US
dc.typeArticleen_US
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