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Survey: Corruption stifling benefits from fuel subsidy

19 May 2015, 12:13Okoro Chinedu

Lagos - More than half the country’s population believes Nigerians have not enjoyed the full benefits of the petrol subsidy because of corruption.

This is according to a survey conducted by a regional polling organisation, which suggests 52 percent of respondents believe locals are not benefitting.

According to NOIPolls, more findings revealed that ‘corruption’ was perceived to be the key factor hindering Nigerians from enjoying the full benefits of petrol subsidy as reported by the majority of respondents (66
percent) and this cuts across gender and geo-political zone.

Given this setback, a significant proportion (42 percent) of Nigerians (especially from the South-East zone) would support the full removal of the fuel subsidy to a great extent. On the other hand, a slightly larger proportion (44 percent) would not support the full removal of petrol subsidy by the government; this stance was mainly maintained by residents from the North-East and North-West regions.

Also Read: Police head warns officers against graft

An evaluation of the awareness and perception of Nigerians on the drop in global crude oil prices revealed that majority (71 percent) of Nigerians who buy petrol are aware of the drop in the price of crude oil by 50 percent worldwide.  As a result of this drop, almost all the respondents (94 percent) who purchase petrol believe there should be a corresponding drop in the price of petrol in Nigeria to reflect the drop in the price of crude oil worldwide.

In line with this, the price of petrol dropped by N8358,10 bringing the official price of petrol  to N8358,87 per litre as announced by the Government in January.

In spite of this, the majority of Nigerians suggest petrol price should drop to a price ranging from N8358,50 - N8358,70 (an average of N8358,59), to correspond with the drop in the price of crude oil worldwide.

The opinion poll involved telephone interviews with 1 500 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country.

“With a sample of this size, we can say with 95 percent confidence that the results obtained are statistically precise - within a range of plus or minus 3percent,” NOIPolls stated.

After the announcement of the partial removal of fuel subsidy by the Federal Government of Nigeria on 1st of January 2012, Nigerian filling stations were mandated to sell petrol to consumers at the official price of N8358,97.

- CAJ News


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