Showing posts with label Politics Of Fuel Subsidy. Show all posts
Showing posts with label Politics Of Fuel Subsidy. Show all posts

Saturday, July 29, 2023

Smouldering Embers Of Subsidy Removal

 By Adekunle Adekoya

No politician can sit on an issue if you make it hot enough.” — Saul Alinsky(1909-1972

Well, the subsidy removal issue is clearly a very hot one for all Nigerians, and if I may add, irrespective of status. This is because costs have not just risen, they have doubled, tripled, and quadrupled in a space of less than 30 days. May 30, the day after President Tinubu announced removal of subsidy on petrol, prices of everything, from food items to services hit the roof, burst through, and headed for the sky.

That was when petrol sold in the Lagos area for N488 per litre and N537 in farther areas like Damaturu and Maiduguri. Then, barely 20 days after, new prices of petrol took effect — now N568 in the Lagos area and N617 in Abuja. Again, prices of items took their cue, left the sky, and headed for outer space. We are all affected since we all buy in the same market; the difference is that our shock absorbers are not of similar strength.

Tuesday, May 17, 2016

Politics Of Fuel Subsidy

By Sunday John
ONCE  again, the issue of fuel subsidy has come to the crucible of socio-economic life of Nigerians. Politics of fuel subsidy withdrawal has been a recurring issue over the years, from the time of General Yakubu Gowon as head of state. No government has come without harassing and intimidating Nigerians with fuel pump price increase and/or complete removal of fuel subsidy, otherwise called deregulation. It appears to have become a pastime for our rulers especially when they want to make scapegoats for their corruption, failures and economic naivety.
All governance ineptitude by the political rulers are heaped on fuel subsidy. It is the reason for the country’s backwardness, abysmal infrastructure, debt burden, poverty, corruption, etc. That is the reason the populace is intermittently administered with some obsolete concoctions of the benefits of subsidy removal by every successive government. Buhari may not have engaged in this sophistry of the benefits of subsidy removal because of some want of oratory. Indeed, as long as fuel subsidy is concerned, Nigerians have gone through a lot of torture in the hands of various governments. We have been harassed, tormented and bamboozled.

 Protests against fuel pump price increase/subsidy removal have cost lives, wastage and destructions. The ruling class are, of course, not the victims. The victims are the commoners, on whom they unleash their mediocrity and sadism. Like the ancient Roman emperors, the governments of Nigeria revel in seeing their subjects fight with the beast of subsidy now and again in the amphitheater.

 It is entertainment for them to hear us cry, see us abandon our legitimate duties and spill to the streets in protest, and our children roam the streets because schools are shut. Otherwise, how can a president or the ruling class that say they understand our pains add to the same pains instead of ameliorating it? The government knows that petroleum products, especially the Premium Motor Spirit, PMS, is one thing that affects the lives of all Nigerians irrespective of their social status or age. All aspects of life is based on it, and that is why the people do not react happily to any tampering with its price. With a high currency exchange rate that has triggered inflation and put private businesses at risk, the removal of fuel subsidy at this time is nothing but rubbing salt in a putrefying sore.