Fuel Subsidy Reform and Environmental Quality in Nigeria

Volume: 5 Number: 2 June 1, 2015
  • Opeyemi Akinyemi
  • Philip O. Alege
  • Oluseyi. O. Ajayi
  • Lloyd Amaghionyeodiwe
  • Adeyemi Ogundipe
International Journal of Energy Economics and Policy Cover
International Journal of Energy Economics and Policy
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Fuel Subsidy Reform and Environmental Quality in Nigeria

Abstract

The study examines the existence of a long run effect of fuel subsidy reform on environmental quality in Nigeria for the period of 1970-2012 using the Johansen and the Engle-Granger two step co-integration procedure techniques. The study developed a three case scenarios including i) a case of subsidy payment, ii) a case of effective subsidy and, iii) a case of no subsidy payment. Findings from the study supported evidence of a long run sustainable equilibrium model. Also, our estimation results showed that the first and the last case scenario do not significantly influence environmental quality. This implies that subsidy payment in Nigeria does not enhance access and consumption of liquid fuel. On the other hand, the interaction of sound regulatory framework with subsidy payment (the case of effective subsidy) significantly exerts a responsive influence on environmental quality.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Opeyemi Akinyemi This is me

Philip O. Alege This is me

Oluseyi. O. Ajayi This is me

Lloyd Amaghionyeodiwe This is me

Adeyemi Ogundipe This is me

Publication Date

June 1, 2015

Submission Date

June 1, 2015

Acceptance Date

-

Published in Issue

Year 2015 Volume: 5 Number: 2

IZ

https://izlik.org/JA25PC27WJ

Cite

RIS / Bibtex
APA
Akinyemi, O., Alege, P. O., Ajayi, O. O., Amaghionyeodiwe, L., & Ogundipe, A. (2015). Fuel Subsidy Reform and Environmental Quality in Nigeria. International Journal of Energy Economics and Policy, 5(2), 540-549. https://izlik.org/JA25PC27WJ
AMA
1.Akinyemi O, Alege PO, Ajayi OO, Amaghionyeodiwe L, Ogundipe A. Fuel Subsidy Reform and Environmental Quality in Nigeria. IJEEP. 2015;5(2):540-549. https://izlik.org/JA25PC27WJ
Chicago
Akinyemi, Opeyemi, Philip O. Alege, Oluseyi. O. Ajayi, Lloyd Amaghionyeodiwe, and Adeyemi Ogundipe. 2015. “Fuel Subsidy Reform and Environmental Quality in Nigeria”. International Journal of Energy Economics and Policy 5 (2): 540-49. https://izlik.org/JA25PC27WJ.
EndNote
Akinyemi O, Alege PO, Ajayi OO, Amaghionyeodiwe L, Ogundipe A (June 1, 2015) Fuel Subsidy Reform and Environmental Quality in Nigeria. International Journal of Energy Economics and Policy 5 2 540–549.
IEEE
[1]O. Akinyemi, P. O. Alege, O. O. Ajayi, L. Amaghionyeodiwe, and A. Ogundipe, “Fuel Subsidy Reform and Environmental Quality in Nigeria”, IJEEP, vol. 5, no. 2, pp. 540–549, June 2015, [Online]. Available: https://izlik.org/JA25PC27WJ
ISNAD
Akinyemi, Opeyemi - Alege, Philip O. - Ajayi, Oluseyi. O. - Amaghionyeodiwe, Lloyd - Ogundipe, Adeyemi. “Fuel Subsidy Reform and Environmental Quality in Nigeria”. International Journal of Energy Economics and Policy 5/2 (June 1, 2015): 540-549. https://izlik.org/JA25PC27WJ.
JAMA
1.Akinyemi O, Alege PO, Ajayi OO, Amaghionyeodiwe L, Ogundipe A. Fuel Subsidy Reform and Environmental Quality in Nigeria. IJEEP. 2015;5:540–549.
MLA
Akinyemi, Opeyemi, et al. “Fuel Subsidy Reform and Environmental Quality in Nigeria”. International Journal of Energy Economics and Policy, vol. 5, no. 2, June 2015, pp. 540-9, https://izlik.org/JA25PC27WJ.
Vancouver
1.Opeyemi Akinyemi, Philip O. Alege, Oluseyi. O. Ajayi, Lloyd Amaghionyeodiwe, Adeyemi Ogundipe. Fuel Subsidy Reform and Environmental Quality in Nigeria. IJEEP [Internet]. 2015 Jun. 1;5(2):540-9. Available from: https://izlik.org/JA25PC27WJ