Impact of Subsidy Removal On Supervision of Schools in Nigeria
Impact of Subsidy Removal On Supervision of Schools in Nigeria
Impact of Subsidy Removal On Supervision of Schools in Nigeria
https://cejsr.academicjournal.io
Gregory, D. M
Department of Science Education, Federal University Wukari, Taraba State, Nigeria,
[email protected]
ABSTRACT
This paper examined the impact of subsidy removal on supervision of schools in Nigeria. Secondary
data collected from both print and online publications were used for the paper. The paper
established that subsidy removal in Nigeria affected supervisor’s job performance and led to
increment in supervision resources. The paper recommended that the federal and state government
should increase funding of education and more priority should be given to schools supervision.
Government should provide more buses and cars for supervisors and subsidize supervision resources
to enable effective school supervision in Nigeria.
Introduction
Subsidy is conceptualized by CPPA, (2012) as deliberate attempt by the government to support a
chosen economic agent – a consumer and a producer and it can be applied in any market that
involves the buying and selling of products and or services. Haley and Haley (2013) pointed out that
subsidies are provided in diverse formats, encompassing direct assistance such as cash grants and
interest-free loans, as well as indirect support such as tax exemptions, insurance coverage, low-
interest loans, accelerated depreciation, and rent rebates. It is any measure that keeps the prices
consumers pay for a good or product below market levels for consumers or for producers.
Onyeizugbe & Onwuka, (2012) observed that in the 1970s, subsidy was introduced into the Nigerian
economy. Fuel subsidy means that a fraction of the price that consumers are supposed to pay to enjoy
the use of petroleum products is paid by government so as to ease the price burden. The Nigerian
government have been subsidizing petroleum products for Nigerian for about five decades now. The
subsidy payment regime in Nigeria have been plagued with corruption, mismanagement and
diversion of funds (Ogunode & Chukwuemeka 2023). Also, Subsidy payment has negatively
affected the entire Nigerian economy. Research has it that the Federal Government of Nigeria has
spent over N3.5tn on petrol subsidies in 2022. The former Finance Minister, Zainab Ahmed
Akabueze noted that fuel subsidies often had a huge impact on the economy and the lives of the
people ((Punch, 2022a; Punch, 2022b; Punch, 2022c; Ogunode, & Ukozor, 2023)”
The negative impact of subsidy payment on the Nigerian economy and the high rate of corruption in
the regime made many Nigerians called for subsidy removal or stoppage. Subsidy removal is defined
by Ogunode, & Aregbesola (2023) as the official termination of subsidies on goods and services that
are enjoying subsidies before. Subsidy removal is a policy to end subsidy payment on goods and
services within a country. Subsidy removal is an official elimination of subsidy on products formerly
subsidized. Subsidy removal is the decision of government or institutions to stop payment of subsidy
on products or services previously subsidized. Subsidy removal is the stoppage of subsidy regime in