Friday 13 May 2016

Subsidy removal: A Panacea for change!

The scenario of fuel subsidy removal has bounce back again which has a long history of debate and has a multiply effect on both politics and economic. Right from return of Democracy in 1999, every regime came with fuel subsidy politics which can be flash back in Obansanjo, Yar’adua, and Jonathan administration.
It became a matter of concern in this current administration, when government are on thin line to remove subsidy or not! Finally the State Minister of Petroleum in person of Dr. Ibe Kachikwu address the nation  that  henceforth fuel will be sold not beyond 145 per litre. There is no harm to Nigerians in subsidy removal, as the government promises to increase and stabilise the supply of fuel, added that individual is free to import the product subject to existing quality specification and guidelines issues by regulatory agencies.

Nigerians need to calm down and remember who is ruling the country, as we have trust on the president to fulfil his campaign promises especially as depicted in 2016 budget. The exorbitant amount of money been paid as subsidy to oil cabal is exploitative, as we are inform such amount is equivalent to some African countries budget. Why Nigeria? When abject poverty is bedevilled millions of Nigerians, dilapidation of social amenities, when average Nigerian bought water, health and power, yet our government is paying a huge chuck to few individuals who are by far above poverty level and can even feed thousand Nigerians.

When is Nigeria going to be developed? Are we waiting for manna from heaven? When you travel to some developed countries like London, USA and china no single kobo is paid as subsidy and petroleum resources is available all over couple with adequate and standard social infrastructure and above all citizens are happy. In Nigerian case is an irony, subsidy removal should be a panacea for change to average Nigerians lives through job creation, social amenities, improve in health standard, adequate money in circulation, loan for small scale farmers, traders and support for young graduates as depicted in 2016 budget of change.

The hike in food items and transports fierce will be in just a moment as negotiation is still on going to come with a stable price of fuel, if you can look back before the hike some Nigerians sold fuel at 1000-1500 per gallon and now when sold at 145 per litre,  gallon  of fuel will be 580. As far as the fuel will be available and money is in circulation, Nigerians will waves hands and   shout ‘sai baba buhari’.
I will like to called all Nigerians to be patients, let the going get going, it shall be well by god grace, let us gave chance for subsidy removal, also urge the government to revisits the Subsidy Re-investment Programs(SURE-P) as thousands of Nigerians benefited from such programs. Please ‘baba buhari’ we have so much trust in your administration, do not disappoint us.

Sadiq Ibrahim Ayuba

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