₦airaland Forum

Subsidy removal- What another nation would have done

Any government of any nation that is really using common sense to serve the people will remove the fuel subsidy because you should only buy cheaper if you are able to produce locally at a reduced cost. They do this in other countries like Iran and etc where they have working refineries and a lower cost of living leading to moderate wages to allow for reduced cost of production of anything that can be produced in the country and Iran can manufacture almost anything. It can be possible in Nigeria too and it can be done if the government takes over the Dangote refinery. However in any other country apart from Nigeria, the money saved from the subsidy removal will be used entirely to better the welfare of civil servants even as a taxable minimum wage is also imposed on the private sector. This is what the governments of Benin republic, Cameron and Niger republic that are our neighbors would have done because governance there is a serious business and not a tragicomedy as is the case in Nigeria. Again subsidy removal is good but it is totally immoral to use the saved funds for any other thing than to increase the salaries of workers but they have removed the subsidy, devalued the currency and left the minimum wage as it is. Welcome to Nigeria

Noooooo, they won't do that here. They have already set up their man with a new refinery.

They even have special importers that will be importing this fuel at special exorbitant prices to steal more from Nigerians.

We warned them about these group of thieves.

Sorry, Nigeria.

They should have at least ensured the CNG & LNG were rolled out nationwide as an alternative before removing the subsidy on petrol.

MrSinister:
They should have at least ensured the CNG & LNG were rolled out nationwide as an alternative before removing the subsidy on petrol.

What are they doing with the savings is the question and the answer will tell you there is no leadership in the country.