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EVALUATION OF THE HIGH COST OF PREMIUM MOTOR SPIRIT (PMS) AND AFFORDABILITY OF PREMIUM MOTOR SPIRIT (PMS) AS CORRELATES OF PERSONAL INCOME SAVINGS AND ACCESS TO HEALTHCARE SERVICES IN AKWA IBOM STATE

ABSTRACT

The study assessed the extent of high cost of Premium Motor Spirit (PMS) and affordability of PremiumMotorSpirit (PMS)ascorrelatesof personalincome savingsandaccessto healthcare services in Akwa Ibom State. A descriptive survey research design was adopted for this study. The primary focus of this research was Akwa Ibom State. The population of the study comprised all residents of Akwa Ibom State, Nigeria. The total sample size of 400 was selected for the study. The stratified sampling technique was applied to select respondents for the study. In order to obtain an adequate representative sample of respondents required for the study, a probability sampling technique was adopted. Data were collected using a structured questionnaire titled Fuel Subsidy Removal and Standard of Living Questionnaire (FSRSLQ). The reliability of the research instrument was determined using the split-half method. The data collected were subjected to statistical analysis using the Cronbach Alpha reliability coefficient. The Cronbach Alpha values obtained exceeded the minimum benchmark of 0.70, confirming the instrument’s reliability and suitability for use in the main study. T he face and content validity of the instrument were established by the researcher’s supervisors and other experts in the field of Management Sciences. Simple Linear Regression Analysis was employed to answer the research questions and to test the five null hypotheses at the 0.05 level of significance. The study showed that fuel pump price has a statistically significant effect on the personal income of the people of Akwa Ibom State and also that the availability of PMS significantly affects access to healthcare services in Akwa Ibom State. It was concluded that the rising fuel costs increase transportation and living expenses, leaving less income for essential needs. This has directly impacted accesstohealthcare,especiallyamonglow-incomeearners.Manynowdelayorforgomedicaltreatment due to high transportation and service costs. One of the recommendations made was that the Akwa Ibom State Government should expand its social welfare programmes by distributing food items, conditional cash transfers, and agricultural support to vulnerable households, especially in rural areas, to strengthen food security and cushion the effects of high living costs.

KEYWORDS: PMS Price Inflation, Income, Healthcare and Akwa Ibom State

Mandu Sunday Eduese & Unwana-Abasi S. Udoh, Ph.D. And Benson Elijah Udoms, Ph.D.

INTERCONTINENTAL JOURNAL OF EDUCATION, SCIENCE AND TECHNOLOGY VOL 9. NO. 1