There is a time for everything, even good stories have an ending and bad ones too. Maybe this is an end for fuel subsidy.
The latest data from the NBS showed that we spent 97% of our revenue during Q1 and Q2 in settling debts, this is not just a Corona effect rather a revelation of the gory state of the economy. After all, a great man is not known in moments of merry but in those of adversities.


As a role model, Afalli puts it "The sad thing about this is that when you have lived on subsidies all your life adjusting to normality will be rather jarring." The bad news about a privileged child is that he/she might mistake privileges as legitimate rights, this is same for Nigerians and subsidy. We would have done away with subsidies as far back as 2012 and sold our refineries in 2009 at least for some change, rather than underwrite billions on naira monthly for subsidies and 10 billion monthly on ailing refineries that can't refine a barrel of oil. The only downside is that this time, we are being forced to toe this path rather than choose it.

To this end, it will only remain as figments of our imagination how self sufficient we would have been in the oil sector, if Yar'adua had left the sale of refineries to go through or how much would have been invested in critical infrastructure if the SNG( Save Nigeria Group) and their shenanigians hadn't cried foul in 2012. This is indeed a good script for the English adage "what goes around comes around" , that the set of people who vehemently repudiated the removal of subsidy then are at the helm of authority today and championing this cause. This will teach lessons that propaganda can last for so long but not forever.

On this note, I would advise NLC, NANS and their sister CSO's to sheathe their sword and call off their impending protests, they should rather toe the line of negotiation. Today, what Nigerians will appreciate from Labour groups is to make sure that monies saved from the deregulation of the downstream oil sector is channeled into funding the gaps in critical infrastructure and fulfilling the social contract of the government to the citizenry. Truely, there will be some major adjustments in the coming months but at least, we will get to enjoy the reflections of low petrol price when crude oil price tanks in the international market. Investments into that sector will increase and middle men roundtripping for subsidies will be cut off.

They should also demand that policemen and their sister agencies who take bribes on the highways should be taken off for good and at least with good roads, there will be less visits to the mechanic and our transport fares will remain marginally the same.

Your fellow in suffering.

36pripa:

There is a time for everything, even good stories have an ending and bad ones too. Maybe this is an end for fuel subsidy.
The latest data from the NBS showed that we spent 97% of our revenue during Q1 and Q2 in settling debts, this is not just a Corona effect rather a revelation of the gory state of the economy. After all, a great man is not known in moments of merry but in those of adversities.


As a role model, Afalli puts it "The sad thing about this is that when you have lived on subsidies all your life adjusting to normality will be rather jarring." The bad news about a privileged child is that he/she might mistake privileges as legitimate rights, this is same for Nigerians and subsidy. We would have done away with subsidies as far back as 2012 and sold our refineries in 2009 at least for some change, rather than underwrite billions on naira monthly for subsidies and 10 billion monthly on ailing refineries that can't refine a barrel of oil. The only downside is that this time, we are being forced to toe this path rather than choose it.

To this end, it will only remain as figments of our imagination how self sufficient we would have been in the oil sector, if Yar'adua had left the sale of refineries to go through or how much would have been invested in critical infrastructure if the SNG( Save Nigeria Group) and their shenanigians hadn't cried foul in 2012. This is indeed a good script for the English adage "what goes around comes around" , that the set of people who vehemently repudiated the removal of subsidy then are at the helm of authority today and championing this cause. This will teach lessons that propaganda can last for so long but not forever.

On this note, I would advise NLC, NANS and their sister CSO's to sheathe their sword and call off their impending protests, they should rather toe the line of negotiation. Today, what Nigerians will appreciate from Labour groups is to make sure that monies saved from the deregulation of the downstream oil sector is channeled into funding the gaps in critical infrastructure and fulfilling the social contract of the government to the citizenry. Truely, there will be some major adjustments in the coming months but at least, we will get to enjoy the reflections of low petrol price when crude oil price tanks in the international market. Investments into that sector will increase and middle men roundtripping for subsidies will be cut off.

They should also demand that policemen and their sister agencies who take bribes on the highways should be taken off for good and at least with good roads, there will be less visits to the mechanic and our transport fares will remain marginally the same.

Your fellow in suffering.

So sorry for your loss bro.