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Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative (20134 Views)

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Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by ijustdey: 5:36pm On Oct 17, 2023

The Former President of the Nigerian Bar Association (NBA), Olisa Agbakoba, has urged President Bola Tinubu’s administration to adopt institutional palliatives to alleviate the economic challenges facing Nigerians.

Agbakoba who made the call in an interview with AriseTV on Tuesday, said governments of other countries also pay subsidies as it is not peculiar to Nigeria alone.

“Every government in the world does subsidies, actually, right now, President Tinubu has introduced or reintroduced subsidy for fuel consumption without telling us,” Agbakoba said.

He said that he prefers institutional palliatives over personal palliatives because they are more targeted and effective.

Agbakoba noted that a comprehensive approach to institutional palliatives includes initiatives like removing the 3.5% diesel tax and abolishing school fees for a specified period, particularly for schoolchildren across 36 states.

According to him, the government should, first of all, realise that there is great suffering in the country and that economic policy should be designed for the empowerment and securing of the lives of Nigerians.

The former NBA president stated that economic policy is not about GDP growth but about creating a packet of institutional benefits that will make the lives of Nigerians better.

Agbakoba said that applying international fuel prices should result in a cost range of 1000 to 1100, but the current prices in Nigeria stand at 600 to 700.


The former NBA president stated that the government should encourage local production of fuel and sell the refineries, adding that the government ought to permit indigenous owners of modular refineries to join the team.

“So let’s stop all the hypocrisy. Let’s encourage local production. Let’s sell the refineries the four refineries let’s allow the indigenous owners of modular refineries to come on board did I did the one on the one television saying that they can produce between 50 and 100,000,” Agbakoba said.

https://www.google.com/amp/s/guardian.ng/news/agbakoba-defends-tinubu-over-return-of-subsidy-urges-institutional-palliatives/amp

9 Likes 3 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by MS247: 5:40pm On Oct 17, 2023
Buhari removed Subsidy.... wailers 🙅‍♂️🙅‍♂️🙅‍♂️🙅🙅‍♀️😑

Tinubu anouced no Subsidy budget in 2022 budget .... Wailers 🙅‍♂️🙅‍♂️🙅🙅‍♀️🙅‍♂️🙅😑


Tinubu adds subsidy to suplimentarry budget... Wailers. 😑😑😑🙅🙅‍♂️🙅‍♂️🙅‍♀️

🤔🤔 wetin wailers want

28 Likes 8 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by LeoDeKing: 5:41pm On Oct 17, 2023
MS247:
Buhari removed Subsidy.... wailers 🙅‍♂️🙅‍♂️🙅‍♂️🙅🙅‍♀️😑

Tinubu anouced no Subsidy budget in 2022 budget .... Wailers 🙅‍♂️🙅‍♂️🙅🙅‍♀️🙅‍♂️🙅😑


Tinubu adds subsidy to suplimentarry budget... Wailers. 😑😑😑🙅🙅‍♂️🙅‍♂️🙅‍♀️

🤔🤔 wetin wailers want
You mean these people?

90 Likes 4 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by IreneChidi(f): 5:41pm On Oct 17, 2023
MS247:
Buhari removed Subsidy.... wailers 🙅‍♂️🙅‍♂️🙅‍♂️🙅🙅‍♀️😑

Tinubu anouced no Subsidy budget in 2022 budget .... Wailers 🙅‍♂️🙅‍♂️🙅🙅‍♀️🙅‍♂️🙅😑


Tinubu adds subsidy to suplimentarry budget... Wailers. 😑😑😑🙅🙅‍♂️🙅‍♂️🙅‍♀️

🤔🤔 wetin wailers want
shatap

102 Likes 9 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by MS247: 5:42pm On Oct 17, 2023
LeoDeKing:

You mean these people?

Lol

Gbajue people's party

17 Likes 3 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by CaptainAyub: 5:43pm On Oct 17, 2023
Yerobber mumuslim thread

69 Likes 1 Share

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by wittywriter: 5:44pm On Oct 17, 2023
Nonsense backup excuses for incompetence and bad policy .





Wittyness .

83 Likes 7 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by festacman(m): 5:44pm On Oct 17, 2023
Several months into his presidency, President Tinubu is yet to roll out his policies, initiatives and incentive packages to revitalize the economy as well as encourage existing local investors as well as attract new investors, which will boost GDP, employment and generate taxes.

What happened to that beautifully-packaged Renewed Hope manifesto?

71 Likes 2 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Newdawn30: 5:52pm On Oct 17, 2023
The best palliative is subsidy... It has a trickle effect on the economy , instead of, all this conditional cash and dashing money up and down, that will end up in the private pocket of corrupt officials.

Sharing money doesn't work in Nigeria because we lack adequate data as a society.

The painful part is, after removing the subsidy we are still borrowing, while the citizens are suffering more than ever before

38 Likes 1 Share

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by MS247: 6:16pm On Oct 17, 2023
festacman:
Several months into his presidency, President Tinubu is yet to roll out his policies, initiatives and incentive packages to revitalize the economy as well as encourage existing local investors as well as attract new investors, which will boost GDP, employment and generate taxes.

What happened to that beautifully-packaged Renewed Hope manifesto?

Ministers just got installed

Ministers and Ministry Civil Servants will comence work as soon as budget is approved

For now they work on old budget

1 Like 3 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Racoon(m): 6:19pm On Oct 17, 2023
This government is utterly confused and clueless on how to rijg the economy, the CBN has no solution to cushion the forex question and effects of galloping inflation, yet it is still mortgaging this nation into chronic financial indebtedness.

26 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by BoldBrainz(m): 6:20pm On Oct 17, 2023
But Mele Kyari lied that subsidy had not been reinstated.

When government representatives cough out daring lies with reckless abandon, how are the masses supposed to repose confidence and belief in their societal leadership?

21 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by festacman(m): 6:43pm On Oct 17, 2023
MS247:


Ministers just got installed

Ministers and Ministry Civil Servants will comence work as soon as budget is approved

For now they work on old budget

Removal of subsidies and increase in taxes and duties didn't wait for Ministers to be installed and budget to be approved. So why should plan to revive the economy wait.

33 Likes 2 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by MS247: 6:44pm On Oct 17, 2023
festacman:


Removal of subsidies and increased in taxes and duties didn't wait Ministers to be installed and budget to be approved. So why should plan to revive the economy wait.

Because Ahmed lawan didn't approve subsidy nor Buhari
Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by festacman(m): 6:57pm On Oct 17, 2023
MS247:


Because Ahmed lawan didn't approve subsidy nor Buhari

Neither Lawan nor Buhari told Tinubu not to have a plan to manage the consequences of sudden removal of petrol subsidy before doing so right there at inaugural speech.

28 Likes 2 Shares

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by SoNature(m): 8:32pm On Oct 17, 2023
This man will defend anything done by Tinubu because he needs an appointment. This is how you know men without values or rectitude.

21 Likes 1 Share

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Ekakamba: 8:32pm On Oct 17, 2023
grin
Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Creamypie(m): 8:33pm On Oct 17, 2023
Mtchew, lawyers condemned g.e.j when everything was 1/4 of all current prices, for being high, but , they are still the ones defending prices at extra 450% increase in prices. See as APC swallow its brainless supporters

7 Likes 1 Share

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by slivertongue: 8:33pm On Oct 17, 2023
but tinubu is denying

2 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Eriokanmi: 8:34pm On Oct 17, 2023
MS247:
Buhari removed Subsidy.... wailers 🙅‍♂️🙅‍♂️🙅‍♂️🙅🙅‍♀️😑

Tinubu anouced no Subsidy budget in 2022 budget .... Wailers 🙅‍♂️🙅‍♂️🙅🙅‍♀️🙅‍♂️🙅😑


Tinubu adds subsidy to suplimentarry budget... Wailers. 😑😑😑🙅🙅‍♂️🙅‍♂️🙅‍♀️

🤔🤔 wetin wailers want
So, you mean, if they ask you to burn your fingers, you'd do just that? Who's the commander in chief now...buhari?

11 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by fistonati(m): 8:35pm On Oct 17, 2023
Failures unlimited

3 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Dorogiftcard: 8:35pm On Oct 17, 2023
Ok
Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by nairalanda1(m): 8:36pm On Oct 17, 2023
cheesy
Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Risingblue008(m): 8:36pm On Oct 17, 2023
Fr
Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by fistonati(m): 8:37pm On Oct 17, 2023
Wailers are those who sees nothing bad in government activities even when it negatively affected collective interests of the people.

May God heal our mind's

MS247:
Buhari removed Subsidy.... wailers 🙅‍♂️🙅‍♂️🙅‍♂️🙅🙅‍♀️😑

Tinubu anouced no Subsidy budget in 2022 budget .... Wailers 🙅‍♂️🙅‍♂️🙅🙅‍♀️🙅‍♂️🙅😑


Tinubu adds subsidy to suplimentarry budget... Wailers. 😑😑😑🙅🙅‍♂️🙅‍♂️🙅‍♀️

🤔🤔 wetin wailers want

15 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by atobs4real(m): 8:37pm On Oct 17, 2023
They have started again oooo

2 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Generalyemi(m): 8:37pm On Oct 17, 2023
grin

The truth is that tinubu and APC are so confused..

5 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by TheKing4040(m): 8:38pm On Oct 17, 2023
MS247:
Buhari removed Subsidy.... wailers 🙅‍♂️🙅‍♂️🙅‍♂️🙅🙅‍♀️😑

Tinubu anouced no Subsidy budget in 2022 budget .... Wailers 🙅‍♂️🙅‍♂️🙅🙅‍♀️🙅‍♂️🙅😑


Tinubu adds subsidy to suplimentarry budget... Wailers. 😑😑😑🙅🙅‍♂️🙅‍♂️🙅‍♀️

🤔🤔 wetin wailers want

Wailers want your Papa to mourn and cry for you because you dey alive but you don die..

10 Likes 1 Share

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by LegallyBlunt: 8:38pm On Oct 17, 2023
grin grin
One official from last administration said his principle has achieved so much but we cannot see it.

Now the present one has reintroduced subsidy but without telling us. And things hard like this? Who are you deceiving?

2 Likes

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by TGreatGatsby: 8:38pm On Oct 17, 2023
Kilonshele gongon

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by OBIDIENTNAIJA: 8:39pm On Oct 17, 2023
Thiéfnubu and his online miscreants are bereft of any leadership qualities. The idiot rushed and removed it without putting workable framework in place to ease hardship that it will bring.
Probably following PO plans. Werey didn't know that PETER OBI will put things in place before removing it. The drug kingpin should better resign now and get out of our national lives. He can take his agbado munchers along to Iragbiji. Useless Thief

3 Likes 1 Share

Re: Agbakoba Defends Tinubu Over ‘Return’ Of Subsidy, Urges Institutional Palliative by Kaa4(m): 8:39pm On Oct 17, 2023
We dont need subsidy but a living wage across. Subsidy can never be well managed in an economy like Nigeria

1 Like

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