Fuel Subsidy Reform and Environmental Quality in Nigeria

Opeyemi Akinyemi; Philip O. Alege; Oluseyi. O. Ajayi; Lloyd Amaghionyeodiwe; Adeyemi Ogundipe

Fuel Subsidy Reform and Environmental Quality in Nigeria

Year 2015, Volume: 5 Issue: 2, 540 - 549, 01.06.2015

Opeyemi Akinyemi Philip O. Alege Oluseyi. O. Ajayi Lloyd Amaghionyeodiwe Adeyemi Ogundipe

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

Subsidy Reform, Environmental Quality, Climate Change, Johansen Cointegration

Year 2015, Volume: 5 Issue: 2, 540 - 549, 01.06.2015

Opeyemi Akinyemi Philip O. Alege Oluseyi. O. Ajayi Lloyd Amaghionyeodiwe Adeyemi Ogundipe

Abstract

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Details

Other ID	JA65DR45MD
Journal Section	Research Article
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
Published in Issue	Year 2015 Volume: 5 Issue: 2

Cite

APA	Akinyemi, O., Alege, P. O., Ajayi, O. O., Amaghionyeodiwe, L., et al. (2015). Fuel Subsidy Reform and Environmental Quality in Nigeria. International Journal of Energy Economics and Policy, 5(2), 540-549.
AMA	Akinyemi O, Alege PO, Ajayi OO, Amaghionyeodiwe L, Ogundipe A. Fuel Subsidy Reform and Environmental Quality in Nigeria. IJEEP. June 2015;5(2):540-549.
Chicago	Akinyemi, Opeyemi, Philip O. Alege, Oluseyi. O. Ajayi, Lloyd Amaghionyeodiwe, and Adeyemi Ogundipe. “Fuel Subsidy Reform and Environmental Quality in Nigeria”. International Journal of Energy Economics and Policy 5, no. 2 (June 2015): 540-49.
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	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, 2015.
ISNAD	Akinyemi, Opeyemi et al. “Fuel Subsidy Reform and Environmental Quality in Nigeria”. International Journal of Energy Economics and Policy 5/2 (June 2015), 540-549.
JAMA	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, 2015, pp. 540-9.
Vancouver	Akinyemi O, Alege PO, Ajayi OO, Amaghionyeodiwe L, Ogundipe A. Fuel Subsidy Reform and Environmental Quality in Nigeria. IJEEP. 2015;5(2):540-9.