Showing posts with label Anthony Agbo. Show all posts
Showing posts with label Anthony Agbo. Show all posts

Friday, May 5, 2023

Will The Real Beneficiaries Of Petroleum Subsidy Allow Its Abolishment?

 By Anthony Agbo

Nigeria has been confronted with the economic quagmire of petrol subsidies for the past 20 years. Though the programme dates back to the 1970s, the fact that it has since become a conduit for the corrupt few around the corridors of power has been concealed by our stupendous national wealth, which eventually yielded to the mismanagement of successive governments. With our national wealth depleting faster than a rocket set for orbit, it became clear that this programme was unsustainable. 

Regardless of this obvious fact, many continue to hammer on the dangers of abolishing the programme and the possible negative impact on the ordinary person on the street. These doomsayers have big mics, too, and they talk straight to the nerves of ordinary Nigerians who swallow their bait hook, line, and sinker. The result has been the engineered uproars we see each time the matter is discussed.