TIGblogs TIG | TIGblogs GROUP TIGBLOGS LOGIN SIGNUP
rawmaterial's Blog
rawmaterial's Blog


THE REMOVAL OF OIL SUBSIDY-MATTERS ARISING
Related to country: Nigeria


 

The ferocity with which the president Goodluck Jonathan led government has continued to pursue its removal of fuel subsidy agenda takes one aback, you begin to wonder what really is the motive behind the proposed removal of subsidy other than to raise revenue and stop some cabal from continuing to corner the subsidy money that the government considers it a do or die affair.

Like yesterday, I remembered that one of the previous governments reasoned that it was increasing the pump prices of petroleum products to match smuggled prices so as to dissuade smugglers from smuggling the products to neighboring countries and promised that the revenue from the increment was going to be used for developmental purposes and alas, up till present we are yet to see any of the promised developmental project come to light and now under president Jonathan we are it again. Firstly, one point the government should note is that it is estimated that over 70% of its population are living below the poverty line and the prices of petroleum products happens to be the major price determinant variable for all other products and services in the economy. So it would be normal for the government to reason that what does the citizenry stands to gain from an at least 200% increase in prices of goods and services, what will this translate into? The answer is easy unfounded and untold hardship visited on the populist of the country. Really the situation is dumbfounding, when you hear those who are suppose to protect our interest give less than reasonable reasons for planning to foment and visit more and more hardship on the populace of this country. Through the years the citizens have never has any leverage in the way they are governed ,it has always being a gravitation, an unwavering  propensity to further aggravate already appalling  and meager living conditions of the people that has perhaps become the hallmark of successive government in Nigeria.

The issue of removal of oil subsidy that both the federal and state apparatchik has made their present pass-time is disheartening. It once more brings to the fore the fact that the present government has not come to grasp with the peculiar nature of the Nigerian state and situation. The Nigerian elites have continue to deem it fit to pursue anti-people policies under the guise of saving or raising funds for much needed social and economy development which never materializes. The country can’t develop at the expense of its people, any development that is not people oriented would fail and I don’t even belief the government is thinking of the people presently. The increase in the pump price of petroleum product under the guise of removal of subsidy from petroleum products would have the usual spiral effect and translate into higher transport fares and subsequently the prices of all products would skyrocket and the helpless masses would bear the brunt, become more pauperized, the already high level of crime would further surge, the already poor standard of living of ordinary Nigerians would further nose dive. It is obvious that there is nothing good at all about the proposed removal of subsidy from petroleum products. There are many questions begging for answers.

It is argued in certain quarters that there is nothing like subsidy on petroleum products and one of those who argue in this direction is somebody who should know is onion that is a former Petroleum minister, Professor Tam David West who has described the much talked about fuel subsidy as “sanctified falsehood”, challenging the Federal Government to prove him wrong. Funny again is the fact that the amount the government has being claiming it spends to subsidize petroleum products has being changing by the day, from about 300billion some months back, they later claimed was over 600 billion and now government officials are claiming its over one trillion naira that they spend annually to subsidize petroleum products, what a gargantuan comedy of error unfortunately, this one is intended to create sympathy for their cause.

Another question begging for answer is the fact that our refineries are not functioning and the government does not see any reason why these refineries should be made to work and why it should also embark on building new ones to complement the already existing ones. Government officials are running around saying that fuel is cheap in the country that we should allow the forces of demand and supply to determine the local prices of these products what competitive edge do we have. Is the unstable and weak naira that we want to compete with internationally or apart from these petroleum product we do we have that we export that can generate foreign exchange for us.

Conclusively, my question again is what do the masses stand to gain from the removal of subsidy from petroleum products? The answer is nothing. So the next question is whose interest will the removal serve the answer is that it would only serve to put more money at the disposal of corrupt government officials who would definitely misappropriate, embezzle and out rightly steal these funds. It seems that there is no reprieve for the Nigerian masses poor standard of education at cutthroat cost, high cost of accommodation and housing with no reprieve in sight, bad roads that have turned into death traps everywhere, a moribund railway system, and a completely deadened agricultural sector.

The petroleum minister Mrs Allison-Madueke was quoted to have explained that government opted for the removal of subsidies as all punitive measures to make racketeering by dubious businessmen unattractive have not succeeded. This is a strange admission that government with all its apparatus cannot stop a handful of persons from continually holding the country to ransom. I think the government is misplacing its priority, one of Nigeria’s most pressing problems is corruption, another is sabotage, another is poor infrastructure, another is poor agriculture and so on it goes. If government is trying to safe/raise funds there are many avenues open to it one of which is fight corruption, another revive agriculture, invest in electricity poor and transportation etc.

 


December 6, 2011 | 9:14 AM Comments  0 comments



THE RAISE TO ACHIEVE THE MDGs
Related to country: Nigeria

Translations available in: English (original) | French | Spanish | Italian | German | Portuguese | Swedish | Russian | Dutch | Arabic

we've being trying our best to create awareness about the MDGs in Nigeria, the amount of ignorance of what the programme is all about is monumental and as it stands,allot of work needs to be done .We are the 2007 set of trained MDG and NEEDS facilitators by the WORLD BANK /BRITISH COUNCIL .The job hasn't being easy since the project is termed cashless and up till date no financial assistance toward the implementation of this project had being forthcoming.It is our country,our people and our communities .What we can do, we will continue to do and hope somebody out there will find it expedient to assist us in our quest to continue to be the change we want to see in Nigeria and the world.

ADEBAYO WAIDI GBENRO
PRESIDENT-ACTION AGAINST IGNORANCE & ILLITERACY (AAII)
PUBLIC RELATIONS OFFICER- HUMAN RIGHTS INFORMATION NETWORK (NIGERIA)
INTERNATIONAL VICE SPEAKER - STUDENT WORLD ASSEMBLY 20007/2008

February 20, 2008 | 1:38 PM Comments  0 comments

Tags:




rawmaterial's Profile

rawmaterial's Friends


Latest Posts
THE REMOVAL OF OIL...
THE RAISE TO ACHIEVE...

Monthly Archive
February 2008
December 2011

Change Language


Tags Archive
fuelsubsidy goodluckjonathan nigeria petroluemproduct price

Filter By Type
Travel
Topics

Friends
Aare Kornar !
Abigail
Adesina-Okunade A Sam
adji seynabou
Ahmed
AHOUANSOU Omer Clément
Akin Babatope
akintimehin
akullq edna
Alejandro Chipana
alin love rai
Anwarus Salam
Apotieri
Ayodeji Thomas Adewunmi
Chika
Chinwe
Dada Oladele
david daniel
Dennis Etim Inyang-Mbekwe
Edionseri Endurance Omorogiuwa
EKUNDAYO OBANLA
Emily Briggs
Emmanuel Acha
Esther Eshiet
Evan Carmichael
firman kamil
friday solomon
humanityfamilyfoundation
Ian Carter
Ian Carter
idreeskhan
Ikechukwu
Ikoli victor
Invisible Youth Network
Isong
jacqueline stein
Jason Liester
Jennifer Corriero
Jennifer Gormek
kelechi Okeahialam
Kelechi Okeahialam
Kimberly Bennett
Kimia
Kristle Calisto-Tavares
Lawan Umar
Lindile Sonjani
Lucie Drabinova
lucy
Madelaine Hamilton
Mahcaiyah
Malcolm Lawrence
Marona
MUIDEEN
Museka
Neha
Nicole Leung
norhan
olawale
Patchi
Patricia Sudi
Paul Aworetan
Rommy Wuhe
Samantha
Segun Oni
Sessi
SOF-ElijahB
Suneboy
Tamoy
Temitayo Olofinlua
VICTOR SHALOM
vivian njoku
Xolani Nyali


3729 views
Important Disclaimer