Events seem to be unravelling faster than anticipated for President Muhammad Buhari and his APC government as he winds down his tenure rather unimpressively. Mr President may have done an introspection by now and realized that promises are easier made in Nigeria; especially during political campaigns, than kept due to numerous extraneous factors and forces beyond control of the maker.
This time around it is about the much vaunted removal of petrol subsidy that the Government had executed surreptitiously and uncanningly in the budget of the previous years without thinking properly of its implications. The Government thought all along that petrol subsidy was the real culprit of Nigeria’s economic woes.
What that simply portends is that, the amount of N1.77 trillion being taunted currently as petrol subsidy cost to the nation as at 2021 by the government may not be factual after all. Otherwise, petrol subsidy savings arising from its removal ought to have reduced Nigeria’s recent borrowings significantly and not otherwise. Don’t forget that petrol subsidy cost under former President Goodluck Jonathan’s PDP government by 2015 when APC took over was approximately N307 billion.
As we can now see, the decision of APC led Federal Government of Nigeria to remove petrol subsidy was not well thought-out, was done surreptitiously without consultations and the Government have no effective cushioning policies other than some selective social-net schemes that have thus far benefitted a few APC stalwarts and their cronies only.
Well said. The APC as a party never had any good plans for Nigeria. In my opinion, the party fits into the description of the 'Accidental Public Servant'.
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Source: DailyPostNGR - 🏆 11. / 59 Read more »
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Source: DailyPostNGR - 🏆 11. / 59 Read more »
FG didn't suspend fuel subsidy removal for 2023 elections, says Femi AdesinaFemi Adesina, has said the Federal Government didn't suspend the removal of fuel subsidy because of the 2023 elections. That's exactly what they did. Those clueless people APC mouthpiece don talk, he defends the defenseless Buhari. All hail Femi Adesina, APC whipping boy. Ẹma tọn arayin mbẹyẹn
Source: MobilePunch - 🏆 8. / 63 Read more »
Petrol subsidy retained for political reasons – ExpertsFollowing a threat of industrial action by the organised labour, the government on Monday announced the suspension of the removal of fuel subsidy and yesterday said the intervention would continue for 18 months. 9ja, they do it for the 2023 election. He remove it when the term come the end
Source: Daily Trust - 🏆 13. / 51 Read more »
Fuel Subsidy: Heat Turns On NNPC As Governors, NLC Query Consumption FiguresFollowing the ruckus over fuel subsidy removal and retention, Nigerian governors and the country’s labour union have decided to launch an enquiry into the NNPCgroup SUBSIDY/ FRESH 3 TRILLION NAIRA BORROWING OIL90$ we're officially in trouble in the hands of these aliens from futa jallo Another 3 trillion naira in borrowing, for fuel SUBSIDY APC and these aliens from futa jallo has finally hang the south😳😳😳😳😳 NNPCgroup MBuhari,ProfOsinbajo,DrAhmadLawan, femigbaja,HETimipreSylva,ZShamsuna:What is the actual level of fuel consumption in the country? There is need for forensic audit of the NNPC. The sector is opaque.Fuel importers are the major beneficiaries of continuous fuel importation. NNPCgroup At this crucial time to avoid economic bankruptcy,the Nigerian Governors Forum needs to demand higher level of transparency & accountability in the petroleum sector.Nigeria is a federation.Both the FG & NGF must work together to overhaul the petroleum sector and the NNPC.
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Subsidy: Checkmate fuel smuggling out of Nigeria - Lawan tasks paramilitary agenciesSenate President, Ahmad Ibrahim Lawan, has tasked the paramilitary agencies to stem the tide of fuel smuggling out of Nigeria, saying that the trend was
Source: DailyPostNGR - 🏆 11. / 59 Read more »