Effect Of Fuel Subsidy Removal On Peasant Farmers In Adamawa State, Nigeria: A Case Study Of Adamawa State Agricultural Development Authority Mubi In Adamawa North Senatorial Districts

Abstract

This study examines the Effect of Fuel Subsidy Removal on Peasant Farmers in Adamawa. An explanatory research design was used and the sample population was drawn using the convenient sampling technique from Adamawa State Agricultural Development Authority Mubi in Adamawa North Senatorial Districts, Adamawa State. The result from both the primary and secondary sources showed that: fuel importation stresses the local currency as its affect peasantry farmers, subsidy mainly favoured the cabals and drift for investment in our contemporary society, subsidy removal will contributes to the development of a nation’s economy if properly utilize, subsidy removal affects the peasantry farmers adversely as a result of high cost of farm implements, and as such, affect the standard of living of peasantry farmers. The study recommends that government should identify areas of wastages in governance such as the allocation of largesse and booties in the name of allowance, the government should also try and adjust and reprioritize the proposed spending in the budget to fund fuel subsidy, and in a way that addresses social needs and improve the wellbeing of all citizens, palliatives should have been put in place before removing subsidy on fuel in other to help cushion the adverse effect of the subsidy removal, the government should try and implement proper minimum wage to curtail difficult situations, the various law enforcement agencies such as the ICPC and EFCC should be fully empowered and well-funded to perform effectively, the federal government of Nigeria should address and adequately develop the various sectors of the economy which will go a long way in providing employment opportunity and raise the standard of living of the people and Our refinery should be put in order and functional.