The Impact Of Government Expenditure (subsidy) On The Consumption Of Petroleum Products In Nigeria

 The aim of this study is to empirically analyze the impact petroleum subsidy has had on petroleum products consumption in Nigeria over the period (1980-2010).Subsidy has been defined as a sum of money granted from public fund to help an industry or business keep the price of a commodity or service low. There have been a lot of arguments in favour of and against petroleum subsidy removal. The “Proponents” of subsidy removal argued that, it sequeezes government expenditure on other public goods because of the large amount that is spent on it. They also argued that subsidy has had an unintended …