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Roles of Oil Subsidy Removal on Transportation Cost and Private Primary School in Cross River South, Nigeria

Owoh Akwa Owoh, Umaru Musa, Ahmad Abdullahi Abdallah, Malami Abubakar, Unoh Grace Inyang, Hamidu Bala

Abstract

This study examined the roles of oil subsidy removal on transportation cost investment and private primary school in Cross River South, Nigeria. The survey data were collected from the field and questionnaire. The survey research design was used for this work. The study employed the descriptive statistic was used for the analysis, adopting survey data method of analysis. Logit regression was employed as a method of analysis. From the estimated result, subsidy removal has a positive relationship with profitability of private school . This means that a one unit increase in subsidy removal increase in profitability private school leads to 0.146243 percent increases. Subsidy removal is statistically significant at 5 percent level of significant because its p-value of 0.0176 is less than 0.05. Also, from the result, as inflation decreases by one unit, profitability of private school tends to reduce by 0.0146243 units. Government should implement policies that reduce the indirect burden of fuel subsidy removal on the education sector in order to maintain affordability of private education. Private school proprietors and administrators should adopt effective financial management strategies to manage rising operational costs without excessively increasing the financial burden on parents and guardians. School management should develop alternative and more efficient transportation systems to minimize the effect of rising transport costs on school operations. jpaswr Key Word: Oil Subsidy, Oil Subsidy Removal, Transportation, Transportation Cost, Private School, Primary School, SMEs.

References

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