Research Area: Management
Date Published: 14-12-2023
The decisive policy change of fuel subsidy removal carries many implications that warrant rigorous investigation to understand its far-reaching consequences. This study examined the impact of fuel subsidy removal on staff efficiency at the Nigerian Institute of Leather and Science Technology. The study employed quantitative analysis using a well-structured questionnaire. Data obtained were analysed using Graph Pad Prism analysis of variance (ANOVA). On the perception of fuel subsidy removal, 62.96% of respondents reported that fuel subsidy removal would affect the cost of living and work-related expenses (p < 0.05). 77.78% of the respondents revealed that the subsidy removal had negatively impacted staff efficiency. 30.86% of the respondents reported that the policy had caused a percentage increase in their daily commuting to work from 101-150%. On the impact of the policy, 77.78% reported that the fuel removal of subsidy hurts their job satisfaction (p < 0.05). 67.90% reported that they do not believe in the Government of Nigeria, and 43.21% recommended the mass transport system for staff. It was concluded that removing fuel subsidies has negatively impacted civil servants' job satisfaction and work efficiency. Respondents recommended that the government review the salaries of civil servants to reflect current market conditions and provide adequate buses to transport staff.