Analysis Of The Effect Of Oil Subsidy Withdrawal On The Economic Growth Of Nigeria

Abstract The issue of price deregulation in the downstream oil sector of Nigeria through gradual subsidy withdrawal has generated a heated debate in the country with the government claiming that it will guarantee long term stability in produ� supply and price. This will translate into economic growth and development Others/ especially the organised labour; claim that deregulation will lead to higher product prices/ higher cost of production/ and cut of jobs and will bring about recession in the economy. Therefore/ this thesis employs Vector Auto regression Model using Variance Decomposition I…