EFFECT OF SUBSIDY REMOVAL ON FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS FIRMS IN NIGERIA
Abstract
The study focused on the effect of subsidy removal on financial performance of selected consumer goods firms in Nigeria. The study adopted a descriptive research design and involved the collection of data aligned to the research questions. Ssecondary data were sourced from the Statistical Bullentin, and the Nigerian Extractive Industry Transparency Initiative (NEITI) working paper. The study used both quantitative and qualitative method of data analysis. Coded data was analyzed using frequency distribution, percentages, and presented using tables. Regression analysis was used to establish the relationship between the study variables. From the findings, the study concludes that ROA, ROE and PM are the major determinants of financial performance in consumer goods sector in Nigeria. The study recommends the Police Service Commission management should occasionally undertake in-service training for accountants to improve their activities that are delivering reliable information for management usage, in addition to hiring qualified accountants to handle the processing of accounting information.
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