DR. BAKARE, Kehinde Najimu

Distance Learning Centre,Department of Political Science,Ahmadu Bello University, Zaria

DOI : https://doi.org/10.58806/ijsshmr.2025.v4i1n13

Google Scholar Download Pdf
ABSTRACT

fuel subsidies Removal has caused more harm than curbing the corruption associated with the government on fuel subsidies and strengthening the Nigerian economy. This resulted in economic hardship with an increase in inflation, food insecurity, and high cost of transportation. This occurred because the state government has incorporated the council of Obas and chiefs into measures to mitigate the challenges of economic hardships at the grassroots. The paper therefore examines the role of the Obas and Chiefs Council on economic hardships in Oyo state caused by the fuel subsidy removal. The paper uses qualitative methods such as newspaper, journal, and Internet information to address the theoretical and empirical concerns. Structural functionalism theory was used to examine the role of the council of Obas and chiefs on economic hardship in Oyo state. The paper revealed that the involvement of traditional rulers would address food insecurity and influence the cost of transportation because of their relationship with the leadership of the markets around them (Iya loja and Babaloja). This would bring down the inflated prices of the goods and identify those harboring them because these markets are their products. This involvement would create an “informal economic system” that would address, the challenges of fuel subsidy removal and bring more people to the state taxation. It would serve as an avenue to increase the Internally Generated Revenue in the state. Their involvement would encourage a value-driven society with peaceful co-existence that would ensure a secure environment for farming and businesses among their people in their domains. The paper recommends that the state government establish an informal economic system comprising the traditional rulers, traders of all markets, and government agencies. This would encourage peaceful trade relations among the communities around the state to address, food insecurity, inflation, and the high cost of transportation. Traditional rulers should be fully incorporated in the methods and measures of mitigating the challenges of economic hardships for a value-driven society with peaceful co-existence among their people, with a secure environment for farming and business in the state

KEYWORDS:

Subsidy, Fuel Subsidy Removal, Economic Hardship, Council of Obas and Chief and Traditional Ruler

REFERENCES

1) Adesimbo K. (2023). Governor Seyi Makinde’s Lecture the Role of Traditional Institutions in Socioeconomic Development in Nigeria:

2) Agoyi J. (2023). Subsidy Removal and Palliative Measures: The State of the States. www.economicconfidntial.ng

3) Ayodele. O. (2023). Subsidy removal: Makinde rolls out palliatives, and unveils the ‘SAfER’ package for Oyo residents. www.thecable.ng

4) Bakare K.N (2024). Leadership Supremacy Among Traditional Rulers in The Council of Obas and Chiefs On Politics of Oyo and Osun States of Nigeria (1991 – 2019). Ph.D. Thesis submitted to Department of Political Science and International Studies, Faculty of Social Sciences Ahmadu Bello University, Zaria Nigeria.

5) Bakare K.N, Omojuwa K. Abdulrahman B.Y (2024). Effects of The Amendment of 1957 Chieftaincy Declaration of Ibadan Council of Chiefs On The 2019 Gubernatorial Election in Oyo State. Journal of Political Discourse. Vol. 2, Issue 3, No. 2

6) Boriowo S. (2024) Subsidy Removal: FG Assures Nigerians to ease temporary hardship.

7) Joseph B. (2023). Oyo State Governor Unveils Robust Palliative Measures to Mitigate Fuel Subsidy Removal and Rising Costs. www.msmeafrica.ng

8) Layade- K, (2023). Subsidy removal: Challenges and solutions. www.dailypunch.org.com

9) Morindoti O. (2023). How President Tinubu can reduce the effects of subsidy removal.

10) Neil M. Tom M. Joonseok. (2021). Fuel subsidy reform and the social contract in Nigeria: A microeconomic analysis☆

11) Nigerian Institute of Social and Economic Research (NISER) (2016). Compensation Mechanisms for Fuel Subsidy Removal in Nigeria. International Environment House 2, 9 Chemin de Balexert 1219 Châtelaine Geneva, Switzerland, Canada R3B 0T4

12) Omitola, B., Akinrinde, O., & Omitola, A. (2021). Traditional Institutions and Socio-economic Development in Nigeria: A Critical Analysis. Journal of Law and Legal Reform, 2(4), 539-552. https://doi.org/10.15294/jllr.v2i4.48587

13) Oyewo A. (2016). Overview of Chieftaincy Institutions in Nigeria. Crescent University Law Journal Vol. 1 2016

14) Tonwe. D.A & Osemwota .O. (2013). The Problem of Integrating Traditional Rulers into the Contemporary Local Government System in Nigeria: A Pathway to Resolving the Challenge. LWATI: A Journal of Contemporary Research, 10(1), 145-158, 2013 ISSN: 1813-2227

15) Uwaegbuk .C. & Akinduyite.A. (2024). Fuel subsidy in Nigeria - issues, challenges and the way forward.

VOlUME 04 ISSUE 01 JANUARY 2025