Effect of Petroleum Subsidy Removal on Poverty Level in Kogi State, Nigeria

In every economy, government policy interventions are aimed at among other objectives, improving the welfare of citizenry bearing in mind the prevailing conditions. With the increase in misery index it became imperative for government to put in place policy meant to provide safety nets for the poor. One of such policy is Petroleum subsidy which has now been redrawn. It is against this backdrop that this research seeks to assess the effect of petroleum Subsidy removal on Poverty level in Kogi State. Primary Data was used and collected through well-structured questionnaires distributed among 300 respondents sampled using multi stage sampling techniques analyzed using chi- Square and students t-test. The study revealed that petroleum subsidy removal increased the cost of living, transportation cost and hence recommends that government should shift Subsidy to Transportation Sector by putting in place a subsidized transportation scheme.