Planned Fuel Subsidy Removal: Result of public Opinion Poll.

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Presentation transcript:

Planned Fuel Subsidy Removal: Result of public Opinion Poll

Research Design The opinion poll was conducted between October 31 and November 4, 2011 by telephone 1032 respondents, comprising 51% male and 49% female were interviewed The respondents were 18 and above The telephone numbers were randomly selected from a pool of numbers from the six zones The survey was conducted in five languages English, Pidgin, Hausa, Igbo and Yoruba by an Independent research company, Fusion Consulting.

Awareness of Planned Subsidy Removal

Support for planned removal

Reasons for supporting or Opposing S/NReasons for SupportingPercentage 1.Waste of resources33% 2.Subsidy money should be put to better use33% 3.Masses do not benefit from subsidy17% 4.To encourage competition in petroleum sector13% S/NReasons for OpposingPercentage 1.Goods and services will be more expensive69% 2.Only benefit as an oil producing country11% 3.Refineries should be fixed/built first9% 4.Jobs should be created first7% 5.Proceeds will be mismanaged through corruption4%

Expected Reactions if Subsidy is Removed

Would removal lead to breakdown of public order?

Are security agencies equipped to deal with breakdown of public order?

Conclusion The Survey reveals a high level of awareness among respondents of the planned removal of subsidy on the price of petrol especially in the southwest region (76%). 87% do not support the removal majorly because of the belief that it will bring about more hardship on Nigerians especially in the cost of goods and services. Majority of the respondents think that Nigerians would protest the removal of subsidy on petrol through public demonstration and industrial actions. Should that happen, nearly 9-in-10 of respondents think security agencies are not effectively equipped to handle the situation.

Recommendations Government should: Drop the plan to remove fuel subsidy; Fight Corruption in NNPC and the oil industry; Stop illegal bunkering and theft of oil in the Niger Delta Use the savings to fix old refineries and build new ones.

Thanks!